Montreal January 2025 Housing Market Overview
- Montreal home sales totalled 2,812 for a 36% year-over-year increase
- There are 15,723 active listings which is a -4% year-over-year decrease
- 6,220 new listings for a year-over-year increase of 18%
- Sales volume of $1,743,086,318 for a 48% year-over-year increase
Here is a breakdown on how the price of the main property types in Montreal changed year-over-year:
| Home Type | Median Price | Y/Y Variation |
|---|---|---|
| Single-Family | $590,700 | +11% |
| Condo | $420,000 | +8% |
| Plex | $780,000 | +8% |
Montreal Single-Family Home’s
The overall price of a single-family home across all areas of Montreal is $590,700 which represents a 11.00% year-over-year increase from the median price of $534,000 in January 2024.
Here is a breakdown of the median single-family home price in Montreal for January 2025:
| Area | Median Price |
|---|---|
| Montreal CMA | $590,700 |
| Island of Montreal | $791,500 |
| Laval | $590,000 |
| North Shore of Montreal | $539,450 |
| South Shore of Montreal | $599,000 |
| Vaudreuil-Soulanges | $577,500 |
| Saint-Jean-sur-Richelieu | $512,000 |
Historical single-family home prices
Here is a breakdown of the historical home prices in Montreal:
Here are the historical median home prices in Montreal over the past twelve months:
| Date | Median Price |
|---|---|
| 01/2025 | $590,700 |
| 12/2024 | $580,000 |
| 11/2024 | $600,000 |
| 10/2024 | $589,000 |
| 9/2024 | $590,000 |
| 8/2024 | $590,000 |
| 7/2024 | $585,000 |
| 6/2024 | $582,500 |
| 5/2024 | $575,500 |
| 4/2024 | $575,000 |
| 3/2024 | $565,000 |
| 2/2024 | $550,000 |
| 1/2024 | $534,000 |
Condominimums
Condominiums saw a year-over-year increase of 8% in the median price as it climbed to $420,000 from the January 2024 median home price of $390,000. Total condo sales in Montreal saw a 38% year-over-year increase with sales of 1,152 to start the year. Active listings are at 7,132 in January 2025.
| Area | Median Price |
|---|---|
| Province of Quebec | $390,000 |
| Montreal CMA | $420,000 |
| Island of Montreal | $466,000 |
| Laval | $425,000 |
| North Shore of Montreal | $353,000 |
| South Shore of Montreal | $390,000 |
| Vaudreuil-Soulanges | $357,500 |
| Saint-Jean-sur-Richelieu | N/A |
Plex (2-5 Units)
When it comes to multiunit sales, there was a year-over-year increase in the median price of 8%. The median price of a plex in Montreal is currenlty $780,000. Sales have increased 56% year-over-year with 251 sales in January. The average selling time also decreased from 88 days to 79.
| Area | Median Price |
|---|---|
| Province of Quebec | $600,000 |
| Montreal CMA | $780,000 |
| Island of Montreal | $831,000 |
| Laval | N/A |
| North Shore of Montreal | $700,000 |
| South Shore of Montreal | $699,900 |
| Vaudreuil-Soulanges | N/A |
| Saint-Jean-sur-Richelieu | N/A |
Year-over-year statistics
Here is how the January 2025 Montreal housing market compares to January 2024’s statistics:
- +36 sales
- -4% active listings
- +11% in the median home price
