Terrebonne condo market — March 2025
Based on 16 actual sales · CourtiConnect
Market context: condo in Terrebonne
The condo market in Terrebonne recorded 16 sales in March 2025, with a median price of $425,000 and an average price of $431,738. This neighbourhood sits at the same level as the broader Terrebonne market, where the trailing 12-month median across 91 sales stands at $424,950, reflecting neither a premium nor a discount relative to the city as a whole. The consistency between neighbourhood and city medians suggests a balanced position within Terrebonne's overall condo landscape. The pace of sales activity reflects a market where transactions are closing, though average days on market data is not available to characterize the speed of inventory turnover. Without this metric, prospective buyers and sellers should recognize that the 16 recorded sales represent documented market activity for the month, providing a baseline view of transaction volume in this segment. Among the documented sales with available asking-price comparisons, the average sale-to-asking price ratio was 0.997 over 11 sales. This ratio, hovering just below parity, indicates that buyers are securing properties at prices marginally below the initial asking figures, suggesting a market in which sellers maintain realistic expectations and negotiation space remains modest but present for purchasers. The building profile shows a relatively balanced mix across construction periods. Fifty-six percent of the 16 sales involved newer buildings constructed after 2010, while 44 percent comprised structures built between 1980 and 2010. No properties from before 1980 were included in the sample, underscoring that this neighbourhood's condo stock is predominantly composed of more recent or mid-range vintage units. As part of standard due diligence, buyers should note that 19 percent of the 16 recorded sales were concluded without a legal warranty of quality. This is a normal consideration in real estate transactions and reinforces the importance of conducting inspections and completing standard verification checks before finalizing any purchase. For buyers, this market offers access to reasonably priced, largely contemporary inventory with modest room for negotiation. For sellers, pricing near market expectations remains the most effective strategy to attract serious purchasers in this balanced environment. To explore properties or refine your understanding of current values in this neighbourhood, consider using a real estate estimator tailored to Terrebonne's market.