Terrebonne house market — February 2025
Based on 12 actual sales · CourtiConnect
Market context: house in Terrebonne
The Terrebonne housing market in February 2025 recorded twelve sales transactions with a median price of $768,500, positioning this segment slightly below the broader city average. Over the trailing twelve months, the median house price across all of Terrebonne stood at $771,750 based on thirty-one documented sales, meaning the February transactions sit 0.4% cheaper than the city as a whole. This minor differential suggests relatively balanced valuation between this particular cohort and the wider municipal market, with no pronounced premium or discount evident at the median level. The average sale price reached $812,981 across the twelve February transactions, indicating that higher-value outliers pulled the mean above the median, a common pattern in residential markets where a small number of premium properties can meaningfully shift the arithmetic average. Understanding the pace of sales activity requires examining buyer and seller behavior through market timing data. While average days on market figures are not available for this specific reporting period, the sale-to-asking price ratio provides direct insight into negotiating leverage. Across nine documented sales with available asking-price data, the average ratio was 0.983, meaning properties sold at approximately 98.3% of their listed asking price on average. This figure below unity indicates a slight seller's concession, suggesting that buyers retained modest leverage during negotiations and that the market favored purchaser flexibility over aggressive bidding wars during this February period. The building profile reveals a market evenly split between two construction eras. Half of the twelve sales involved homes built between 1980 and 2010, while the other half were constructed after 2010. This even distribution means the February market encompassed both mature properties approaching mid-life renovation considerations and newer homes still within their original-condition phase, offering buyers a diverse range of age profiles and associated maintenance expectations. A due-diligence consideration for buyers involves the documentation of legal warranties. Across the twelve documented sales, 17% concluded without a legal warranty of quality, a frequency that underscores the importance of standard inspections and conventional due-diligence checks during the purchase process. This represents normal market variance rather than any systemic concern. For buyers, the modest seller concession reflected in the sale-to-asking ratio suggests room for negotiation and realistic pricing expectations. For sellers, the near-asking-price outcomes indicate a market where properly positioned properties find willing purchasers without extended holding periods. To explore how current valuations align with your specific property or investment goals, the Terrebonne real estate estimator provides a practical starting point for understanding local market positioning.