Terrebonne condo market — January 2025
Based on 9 actual sales · CourtiConnect
Market context: condo in Terrebonne
The condo market in Terrebonne recorded nine sales in January 2025, establishing a median price of $425,000 and an average price of $426,694. This neighbourhood sits marginally above the broader Terrebonne market, trading at a 0.2% premium compared to the city-wide median of $424,000 observed over the trailing twelve months, which encompassed seventy-seven transactions. This slight differential suggests the neighbourhood maintains parity with municipal pricing while remaining competitive within Terrebonne's residential landscape. The pace of sales activity in this segment reflects moderate market movement, with transactions closing at a sale-to-asking price ratio of 0.985 across six documented sales. This figure reveals that buyers have secured modest negotiating leverage, as properties are selling just shy of their listing prices on average. This ratio indicates a balanced dynamic where sellers retain reasonable pricing control while buyers retain incremental room for negotiation, a pattern consistent with markets where neither party enjoys overwhelming advantage. The building profile across the nine recorded sales demonstrates a market strongly weighted toward contemporary construction, with fifty-six percent of units built after 2010 and forty-four percent constructed between 1980 and 2010. No properties in the sample dated from before 1980, underscoring that this neighbourhood's condo stock is relatively modern. This composition suggests buyers encounter predominantly newer buildings with updated systems and finishes, though the presence of properties from the 1980–2010 window provides some vintage options within the market mix. During the transaction process, twenty-two percent of sales concluded without a legal warranty of quality, a situation that simply reflects standard real estate practice and underscores the importance of standard due diligence on the part of buyers, including property inspections and customary title checks. This proportion falls within typical parameters for the market and does not indicate any systematic concern specific to the neighbourhood. For buyers, this neighbourhood offers properties near the median price point for all of Terrebonne, combined with mostly modern construction that minimizes major renovation concerns. For sellers, current conditions support reasonable price expectations with modest buyer leverage and consistent transaction velocity. To determine whether a specific property aligns with current market conditions, consider using the price estimator to benchmark individual listings against the established January 2025 data.