Condo: sold vs asking · Sherbrooke · Centris 2016-2026
Do condos in Sherbrooke 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 Sherbrooke, a condo sold on average at 98% of its asking price in 2026 (January to September), that is under the asking price: more room to negotiate on a condo than in most of the 41 cities tracked (median 98%). In 2016 it was 98%; at the peak, 2022, 100%, the asking price was met. A house in Sherbrooke sells at 100% of its asking price in 2026: condos leave 2 more points to negotiation. On the 2026 median condo ($318,000), the average gap between asking and sale price comes to $6,360 less. Source: Centris (Matrix), compiled October 7, 2026.
The short answer
In Sherbrooke, a condo sold on average at 98% of its asking price in 2026 (January to September), that is under the asking price: more room to negotiate on a condo than in most of the 41 cities tracked (median 98%). In 2016 it was 98%; at the peak, 2022, 100%, the asking price was met. A house in Sherbrooke sells at 100% of its asking price in 2026: condos leave 2 more points to negotiation. On the 2026 median condo ($318,000), the average gap between asking and sale price comes to $6,360 less.
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 | 98% | 97% | 1 pt | 200 | $182,000 | 96% |
| 2017 | 96% | 95% | 1 pt | 146 | $160,000 | 96% |
| 2018 | 96% | 95% | 1 pt | 178 | $163,000 | 96% |
| 2019 | 97% | 95% | 2 pt | 175 | $155,000 | 97% |
| 2020 | 97% | 97% | 0 pt | 256 | $170,000 | 97% |
| 2021 | 99% | 99% | 0 pt | 233 | $215,000 | 100% |
| 2022 | 100% | 100% | 0 pt | 198 | $251,250 | 101% |
| 2023 | 99% | 99% | 0 pt | 176 | $262,000 | 100% |
| 2024 | 99% | 98% | 1 pt | 218 | $289,850 | 100% |
| 2025 | 99% | 98% | 1 pt | 212 | $310,000 | 100% |
| 2026 (Jan. to Sep.) | 98% | 98% | 0 pt | 174 | $318,000 | 100% |
Condominium category, whole municipality of Sherbrooke, 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 Sherbrooke
- Four markets in ten years for condos in Sherbrooke: 96.8% of asking on average in 2016-2019, 98.7% during the 2020-2022 frenzy, 99% when high rates returned, 98.5% today.
- Peak: 2022 (100%); trough: 2017 (96%). The average condo sale price never exceeded the asking price in Sherbrooke, 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 99% and houses at 100% (-1 point); in 2026, 98% against 100% (-2). Condos saw the same bidding wars as houses. The condo peak came in 2022.
- The return of high rates: 99% in 2021, 99% in 2023 (+0 points), 98% in 2026. We are back to the 2016 level of negotiation on condos.
- Asking price versus original price: the gap between the two ratios (1 point 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: $3,640 under asking in 2016 (condo at $182,000), $2,150 under in 2021 ($215,000), $6,360 under in 2026 ($318,000). Order of magnitude, ratio rounded to the point.
- 2026 (Jan. to Sep.) versus 2025: 99% then 98% (condos are negotiated a little more than in 2025); 174 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 Sherbrooke
At 98% of asking, Sherbrooke is a city where condos are negotiated: 2% on average between the listed price and the paid price, and more on units that linger. For a seller, the starting price has to anticipate that negotiation without inviting it: a condo listed 8% too high draws offers 15% too low. For a buyer, an offer under asking is the norm here, especially on a condo listed for more than a month or in a building with high fees. The same ratio for houses, year by year, is in sold over asking in Sherbrooke; the condos that expire without a sale are counted in condos that do not sell in Sherbrooke.
How to read these figures
One ratio per year for all of Sherbrooke, 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 Sherbrooke?
On average, no: 98% of asking in 2026 (Jan. to Sep.), or 2% of negotiation. Condos have never exceeded their asking price on average in Sherbrooke since 2016.
Are condos negotiated more than houses in Sherbrooke?
Yes: houses sell at 100% of asking in 2026 and condos at 98%. At the 2021 peak it was 100% against 99%: 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 Sherbrooke), 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 Sherbrooke: 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 Sherbrooke, from the same Centris listings:
Each series is recalculated from actual sales, aggregates only.
And plex sale versus asking price in Sherbrooke:
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.