Houses under $500K · L'Île-Perrot · 2016-2026
The number of houses sold under $500,000 and under $400,000 in L'Île-Perrot every year since 2016, their share of sales, the year they stopped being the majority and what is still available under the threshold. Centris sales, nothing estimated.
In L'Île-Perrot, 17 houses sold for under $500,000 from January to September 2026, or 33% of the 51 sales; in 2016, it was 118 out of 128 (92%), and in 2021, 56 (57%). Under $400,000, 4 remain in 2026 (8%) against 109 in 2016 (85%). The house under $500,000 stopped being the majority of sales in 2024. The median house, all prices combined, is worth $561,500 (+134% since 2016); the one that sells under $500,000 is worth $439,000 in median, against $238,450 in 2016. It is in line with the 50 cities tracked (median share 18%). Source: Centris (Matrix), compiled October 10, 2026.
The short answer
In L'Île-Perrot, 17 houses sold for under $500,000 from January to September 2026, or 33% of the 51 sales; in 2016, it was 118 out of 128 (92%), and in 2021, 56 (57%). Under $400,000, 4 remain in 2026 (8%) against 109 in 2016 (85%). The house under $500,000 stopped being the majority of sales in 2024. The median house, all prices combined, is worth $561,500 (+134% since 2016); the one that sells under $500,000 is worth $439,000 in median, against $238,450 in 2016. It is in line with the 50 cities tracked (median share 18%).
Sales under $500,000 and under $400,000 by year
| Year | Sales (all) | Under $500K | Share | Segment median | Under $400K | Share | Median house |
|---|---|---|---|---|---|---|---|
| 2016 | 128 | 118 | 92% | $238,450 | 109 | 85% | $239,950 |
| 2017 | 125 | 116 | 93% | $249,445 | 109 | 87% | $251,000 |
| 2018 | 103 | 95 | 92% | $282,000 | 89 | 86% | $287,500 |
| 2019 | 104 | 96 | 92% | $295,000 | 84 | 81% | $301,275 |
| 2020 | 120 | 104 | 87% | $335,000 | 87 | 72% | $340,000 |
| 2021 | 98 | 56 | 57% | $394,313 | 30 | 31% | $465,000 |
| 2022 | 84 | 42 | 50% | $436,753 | 17 | 20% | $496,000 |
| 2023 | 83 | 47 | 57% | $415,000 | 21 | 25% | $459,000 |
| 2024 | 84 | 39 | 46% | $445,000 | 10 | 12% | $499,950 |
| 2025 | 101 | 31 | 31% | $427,000 | 10 | 10% | $545,000 |
| 2026 (Jan. to Sept.) | 51 | 17 | 33% | $439,000 | 4 | 8% | $561,500 |
Number of sales and median price by year, Single-family category, sale price criterion 0 to $500,000 and 0 to $400,000, Centris (Matrix), October 9-10, 2026 harvest; all houses: September 16 query. 2026: January to September.
What ten years of sales say in L'Île-Perrot
- Sales under $500,000: 118 in 2016, 56 in 2021, 31 in 2025 (-74% in nine years), 17 from January to September 2026; the peak is 2016 (118). As a share of sales: 92% in 2016, 57% in 2021, 33% in 2026.
- Under $400,000: 109 sales in 2016 (85%), 30 in 2021 (31%), 4 in 2026 (8%); the house under $400,000 stopped being the majority in 2021.
- What you get under $500,000: the segment median went from $238,450 to $439,000 (+84%); it is closing in on the ceiling, a sign that the houses still under the threshold are the ones brushing it, not the smallest. The median house, meanwhile, is worth $561,500.
- Across the 50 cities tracked, sales under $500,000 went from 27,585 in 2016 (88% of sales) to 22,421 in 2021 (63%) and 13,206 in 2025 (39%); the house under $500,000 was the majority in 47 cities in 2016, it still is in 16 in 2026, and it weighs under 10% of sales in 16 cities.
What it changes for buying or selling in L'Île-Perrot
In L'Île-Perrot, the house under $500,000 has become a minority without disappearing: 33% of sales in 2026, against 92% in 2016. The threshold matters because above it, the minimum down payment goes from 5% to 10% on the excess, and a first-time buyer's budget is often set there. The houses still under the bar are period bungalows and semi-detached houses; the rest of the market has settled between $500,000 and $561,500, the median price. For a seller, listing under $500,000 when the house is worth it remains the best way to create competition; for a buyer, it is the segment where you must be ready to decide fast. The minimum down payment in L'Île-Perrot is detailed in down payment to buy in L'Île-Perrot; the cheapest houses listed, in cheap houses for sale in L'Île-Perrot.
How to read these figures
The share under $500,000 is read with the number of sales beside it: 17 sales out of 51 in 2026 is a solid measure; a share computed on a handful of sales moves from year to year. The $500,000 threshold is that of the minimum down payment (5% up to $500,000, 10% on the excess) and it has not moved since 2012, while prices more than doubled: that is what shrinks the segment faster than the market rises.
Frequently asked questions
How many houses sell for under $500,000 in L'Île-Perrot?
17 from January to September 2026, or 33% of house sales in L'Île-Perrot; 31 over the whole of 2025. In 2016, 118 sold (92%).
And under $400,000?
Under $400,000, 4 sales in 2026 (8%) against 109 in 2016 (85%). It was the majority of sales until 2020.
Why are houses under $500,000 disappearing in L'Île-Perrot?
Because the $500,000 threshold is fixed and prices are not: the median house in L'Île-Perrot went from $239,950 to $561,500 (+134%) while the threshold stayed at $500,000. The share under $500,000 fell below 50% in 2024. Across the 50 cities tracked, it went from 96% to 18% in median.
Sources: Centris (Matrix), Statistics module, October 9 and 10, 2026 queries for the municipality of L'Île-Perrot, Single-family category, sale price criterion 0 to $500,000 and 0 to $400,000, number of sales and median price by year; sales and median price of all single-family houses, September 16, 2026 query; compiled by the Loaa & Manseur team, aggregates only, current year partial. The houses under $500,000 in 50 cities hub compares the 50 cities.
Our proof, not our promises
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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.