Westmount house market — May 2025
Based on 16 actual sales · CourtiConnect
Market context: house in Westmount
In May 2025, the Westmount real estate market recorded 16 sales with a median transaction price of $2,550,000 and an average price of $2,848,063. This neighbourhood's median price sits 11.2 percent above the median for all of Westmount over the trailing twelve-month period, which stood at $2,293,500 across 66 documented sales. The price premium reflects the particular appeal and characteristics of this segment of the broader Westmount market, positioning it as a distinctly higher-value area within the municipality. The pace of sales activity can be gauged by the average time properties spent on the market before sale, which was 80 days during this period. This moderate duration suggests a measured but functional market where properties typically required two and a half months to move from listing to accepted offer. The rhythm of sales indicates neither rapid absorption nor extended stagnation, but rather a steady cadence consistent with a market where both buyers and sellers maintain realistic expectations about the time required to complete transactions. Across the 16 documented sales in May 2025, the average sale-to-asking price ratio was 0.965, indicating that properties sold at approximately 96.5 percent of their listed asking price on average. This ratio reveals that sellers held modest leverage during this period, as homes generally sold slightly below the initial asking price rather than commanding premiums. The pattern suggests a balanced negotiating environment where buyer and seller interests achieved rough equilibrium, without pronounced pressure favoring one side over the other. The building profile of properties that sold reflects the established character of the neighbourhood. One hundred percent of the 16 recorded sales involved homes built before 1980, with no transactions involving properties constructed between 1980 and 2010, and none from after 2010. This composition underscores that the market in this neighbourhood operates almost entirely within the older housing stock, properties that typically feature established architectural detail and mature landscaping characteristic of Westmount's heritage residential areas. Among the 16 sales recorded, 44 percent of transactions were concluded without a legal warranty of quality, a standard consideration in residential due diligence. Purchasers in such transactions should conduct thorough inspections and perform customary investigations as part of their acquisition process, consistent with prudent real estate practice. For prospective buyers, understanding the property's condition through comprehensive examination remains essential before finalizing any purchase. For sellers, transparent communication regarding the property's state and history facilitates smoother negotiations and closing processes. To explore how a specific property might be valued within this market context, consider using the real estate estimator tool tailored to current Westmount conditions.