Condo: sold vs asking · Quebec City · Centris 2016-2026
Do condos in Quebec City sell at asking, over or under, and since when? The sale ÷ asking price ratio per year since 2016, the ratio on the original price to see price cuts, houses alongside, and the gap translated into dollars on the median condo. Centris figures, not estimates.
In Quebec City, a condo sold on average at 100% of its asking price in 2026 (January to September), that is at the asking price: one of the tightest condo markets among the 41 cities tracked (median 98%). In 2016 it was 96%; at the peak, 2026, 100%, the asking price was met. A house in Quebec City sells at 103% of its asking price in 2026: condos leave 3 more points to negotiation. On the 2026 median condo ($335,000), asking and sale prices coincide on average. Source: Centris (Matrix), compiled October 7, 2026.
The short answer
In Quebec City, a condo sold on average at 100% of its asking price in 2026 (January to September), that is at the asking price: one of the tightest condo markets among the 41 cities tracked (median 98%). In 2016 it was 96%; at the peak, 2026, 100%, the asking price was met. A house in Quebec City sells at 103% of its asking price in 2026: condos leave 3 more points to negotiation. On the 2026 median condo ($335,000), asking and sale prices coincide on average.
Sale price as % of asking price, condos per year
| Year | Condo: sold ÷ asking | Sold ÷ original price | Gap (price cuts) | Condo sales | Median condo price | House: sold ÷ asking |
|---|---|---|---|---|---|---|
| 2016 | 96% | 93% | 3 pt | 1,369 | $194,500 | 96% |
| 2017 | 96% | 93% | 3 pt | 1,441 | $194,000 | 96% |
| 2018 | 96% | 93% | 3 pt | 1,505 | $194,250 | 96% |
| 2019 | 96% | 93% | 3 pt | 1,751 | $195,650 | 96% |
| 2020 | 96% | 95% | 1 pt | 2,357 | $195,000 | 97% |
| 2021 | 97% | 97% | 0 pt | 2,744 | $210,000 | 100% |
| 2022 | 98% | 98% | 0 pt | 2,346 | $235,000 | 100% |
| 2023 | 98% | 97% | 1 pt | 2,263 | $245,000 | 99% |
| 2024 | 99% | 99% | 0 pt | 2,573 | $274,950 | 100% |
| 2025 | 100% | 100% | 0 pt | 2,567 | $315,000 | 105% |
| 2026 (Jan. to Sep.) | 100% | 100% | 0 pt | 1,830 | $335,000 | 103% |
Condominium category, whole municipality of Quebec City, Centris (Matrix), ratios in whole percentages. Gap: ratio vs asking minus ratio vs original, in points. House: same ratio, Single-family category.
What ten years of ratios say about condos in Quebec City
- Four markets in ten years for condos in Quebec City: 96% of asking on average in 2016-2019, 97% during the 2020-2022 frenzy, 98.5% when high rates returned, 100% today.
- Peak: 2026 (100%); trough: 2016 (96%). The average condo sale price never exceeded the asking price in Quebec City, even in 2021-2022: the condo frenzy played out in speed and the end of negotiation, not in bidding wars.
- Condo versus house at the peak: in 2021, condos sold at 97% and houses at 100% (-3 points); in 2026, 100% against 103% (-3). Bidding wars hit houses much harder than condos: there were still condos for sale when there were no houses left. The condo peak came in 2026.
- The return of high rates: 97% in 2021, 98% in 2023 (+1 points), 100% in 2026. Negotiation is back on condos, but at a tighter level than in 2016.
- Asking price versus original price: the gap between the two ratios (3 points in 2016, 0 in 2026) measures the price cuts made before the sale. Fewer price cuts along the way than in 2016.
- In dollars, on the median condo: $7,780 under asking in 2016 (condo at $194,500), $6,300 under in 2021 ($210,000), $0 under in 2026 ($335,000). Order of magnitude, ratio rounded to the point.
- 2026 (Jan. to Sep.) versus 2025: 100% then 100% (stable); 1,830 condo sales in nine months. Across the 41 cities, condos sell at asking or over in 2 in 2026, against 31 in 2021.
What it changes when selling or buying a condo in Quebec City
At 100% of asking, Quebec City is a city where a well-priced condo goes without a discount: there is almost no margin between the listed price and the paid price. For a seller, that means listing at market price, not above it to "leave room": the room does not exist, and an overpriced condo expires while its neighbours sell. For a buyer, an offer 10% under asking is a lost offer; negotiation plays out on inclusions, the closing date and condo fees already paid. The same ratio for houses, year by year, is in sold over asking in Quebec City; the condos that expire without a sale are counted in condos that do not sell in Quebec City.
How to read these figures
One ratio per year for all of Quebec City, Condominium category: what buyers paid relative to what sellers asked, with houses alongside for scale. Above 100%, bidding wars win over negotiation; below, the reverse. The year's median condo price translates the ratio into dollars, as an order of magnitude. Cities with fewer than a hundred condo sales a year move a point or two on a handful of sales: read the four-period plateaus, not each year.
Frequently asked questions
Do condos sell over asking in Quebec City?
On average, no: 100% of asking in 2026 (Jan. to Sep.), or the asking price met, with bidding wars and discounts offsetting each other. Condos have never exceeded their asking price on average in Quebec City since 2016.
Are condos negotiated more than houses in Quebec City?
Yes: houses sell at 103% of asking in 2026 and condos at 100%. At the 2021 peak it was 100% against 97%: bidding wars hit houses first, and condos followed a year later in many cities. Across the 41 cities tracked, condos are negotiated more than houses in 19 in 2026.
What is the difference between asking price and original price?
The asking price is the one listed at the time of sale; the original price is the one from the listing's first day. When the two ratios differ (0 points in 2026 in Quebec City), sellers cut their price before selling. For a buyer, a condo whose price has already dropped is a seller who has started to move.
Source: Centris (Matrix), Statistics module, queries of October 7, 2026 for the municipality of Quebec City: Condominium category, sale price vs asking price and vs original price ratios by year over ten years; condo sales and median price from the September 16, 2026 query, houses from September 30; compiled by the Loaa & Manseur team, aggregates only, current year partial. The condos sold over asking in 41 cities hub compares the 41 cities.
Our other data series in Quebec City, from the same Centris listings:
Each series is recalculated from actual sales, aggregates only.
And plex sale versus asking price in Quebec City:
Plex sold ÷ asking ratio, year by year, ten years from the same Centris listings.
Our proof, not our promises
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Also available in French: version française de ce guide.
Published September 7, 2026 by the Loaa & Manseur team, the number 1 team at RE/MAX Platine in 2024 and 2025, 6th RE/MAX team in Quebec, 15th in Canada and in the global top 50 according to the official RE/MAX ranking. Tell us about your project.