Westmount house market — March 2025

Market context: house in Westmount

In March 2025, the housing market in a select neighbourhood within Westmount recorded 12 documented sales with a median price of $2,341,000 and an average price of $2,419,250. This neighbourhood sits 1.1 percent above the median for Westmount as a whole, which stands at $2,314,500 over the trailing twelve months across 36 sales citywide, indicating that this particular area commands a modest premium relative to the broader municipality. The price points reflect the sustained demand for residential properties in one of Quebec's most established and sought-after communities, where the character and location continue to attract discerning buyers. While average days on market for this specific twelve-sale snapshot is not available in the current data, understanding the pace at which these properties moved would ordinarily provide important context about buyer urgency and market tightness. The absence of that metric in this month's reporting means that interpretation of market velocity must rest on other available signals, such as the sale-to-asking price ratio that follows. Across the twelve documented sales, the average sale-to-asking price ratio came in at 0.957, meaning that buyers collectively paid approximately 95.7 percent of the asking prices on these transactions. A ratio below 1.0 suggests that sellers faced modest negotiating pressure during this period, with properties generally not attracting multiple bids or competitive bidding situations. This dynamic, observed across documented sales, indicates a measured market environment where neither buyers nor sellers held overwhelming leverage. The neighbourhood's building profile is notably consistent: all twelve sales involved structures built before 1980, with no transactions recorded for homes constructed between 1980 and 2010 or after 2010. This underscores that the active market is concentrated in Westmount's established housing stock, predominantly older residences that retain significant appeal and value despite their age. Among the twelve sales, 42 percent concluded without a legal warranty of quality. For prospective buyers, this is a standard due-diligence consideration that underscores the importance of conducting thorough inspections and standard checks before closing, as would be prudent with any property acquisition regardless of warranty status. For buyers entering this neighbourhood, the moderate sale-to-asking ratio suggests room for negotiation and careful evaluation of each property's condition and value proposition. For sellers, the current environment requires attention to competitive positioning and realistic pricing aligned with recent activity. To explore valuations for properties in this area and refine your understanding of the local market, consider using the real estate estimator to assess specific properties within this neighbourhood.

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