Terrebonne condo market — May 2025
Based on 12 actual sales · CourtiConnect
Market context: condo in Terrebonne
The condo market in Terrebonne recorded 12 sales in May 2025, with a median price of $406,850 and an average price of $415,811. This neighbourhood sits 3.1 percent below the city-wide median of $420,000 for condos over the trailing twelve months, positioning it as a more affordable segment within Terrebonne's broader market. Over that same twelve-month period, the city recorded 102 condo sales, providing a stable reference point for understanding localized activity. The median time on market stood at 47 days, suggesting a moderate pace of sales typical of a balanced market where neither buyers nor sellers enjoy overwhelming leverage. Properties are moving reasonably steadily without excessive urgency, reflecting conditions where transactions proceed at a deliberate rhythm rather than in a competitive rush. Among the nine documented sales with recorded asking-price data, the average sale-to-asking ratio reached 1.008, meaning homes sold slightly above their listed prices on average. This narrow margin above asking indicates that buyers generally pay close to the seller's initial valuation, reflecting a market where pricing expectations between parties are reasonably well-aligned and neither side holds significant negotiating advantage. The building profile reveals a predominantly modern condo stock. Across the ten sales where construction dates are documented, 90 percent of units were built after 2010, with 10 percent dating from the 1980–2010 period and none predating 1980. This composition highlights a neighbourhood dominated by newer construction, typical of more recent development areas in Terrebonne. All 12 documented sales were concluded with standard legal warranty of quality in place, a customary feature that allows buyers to proceed with standard due diligence including property inspections and title verification as part of their normal purchase process. For buyers, the combination of below-city-average pricing and a newer housing stock offers solid value in a moderately-paced market. For sellers, near-asking-price results suggest that competent pricing strategies are effective in this segment. To refine your understanding of value in this neighbourhood or estimate a specific property, consider using our market estimator tool, which integrates current transaction data with local conditions.