Houses under $500K · Terrebonne · 2016-2026
The number of houses sold under $500,000 and under $400,000 in Terrebonne 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 Terrebonne, 182 houses sold for under $500,000 from January to September 2026, or 24% of the 765 sales; in 2016, it was 1,202 out of 1,237 (97%), and in 2021, 811 (66%). Under $400,000, 54 remain in 2026 (7%) against 1,127 in 2016 (91%). The house under $500,000 stopped being the majority of sales in 2023. The median house, all prices combined, is worth $599,000 (+130% since 2016); the one that sells under $500,000 is worth $455,000 in median, against $259,000 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 Terrebonne, 182 houses sold for under $500,000 from January to September 2026, or 24% of the 765 sales; in 2016, it was 1,202 out of 1,237 (97%), and in 2021, 811 (66%). Under $400,000, 54 remain in 2026 (7%) against 1,127 in 2016 (91%). The house under $500,000 stopped being the majority of sales in 2023. The median house, all prices combined, is worth $599,000 (+130% since 2016); the one that sells under $500,000 is worth $455,000 in median, against $259,000 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 | 1,237 | 1,202 | 97% | $259,000 | 1,127 | 91% | $260,000 |
| 2017 | 1,212 | 1,146 | 95% | $270,000 | 1,050 | 87% | $275,000 |
| 2018 | 1,284 | 1,211 | 94% | $275,000 | 1,096 | 85% | $279,550 |
| 2019 | 1,364 | 1,271 | 93% | $285,000 | 1,113 | 82% | $290,000 |
| 2020 | 1,543 | 1,311 | 85% | $330,000 | 1,030 | 67% | $350,000 |
| 2021 | 1,225 | 811 | 66% | $390,000 | 453 | 37% | $439,000 |
| 2022 | 1,048 | 527 | 50% | $425,000 | 192 | 18% | $500,000 |
| 2023 | 940 | 452 | 48% | $420,000 | 184 | 20% | $506,000 |
| 2024 | 1,043 | 415 | 40% | $440,000 | 120 | 12% | $535,000 |
| 2025 | 1,150 | 315 | 27% | $445,000 | 88 | 8% | $582,000 |
| 2026 (Jan. to Sept.) | 765 | 182 | 24% | $455,000 | 54 | 7% | $599,000 |
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 Terrebonne
- Sales under $500,000: 1,202 in 2016, 811 in 2021, 315 in 2025 (-74% in nine years), 182 from January to September 2026; the peak is 2020 (1,311). As a share of sales: 97% in 2016, 66% in 2021, 24% in 2026.
- Under $400,000: 1,127 sales in 2016 (91%), 453 in 2021 (37%), 54 in 2026 (7%); the house under $400,000 stopped being the majority in 2021.
- What you get under $500,000: the segment median went from $259,000 to $455,000 (+76%); 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 $599,000.
- 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 Terrebonne
In Terrebonne, the house under $500,000 has become a minority without disappearing: 24% of sales in 2026, against 97% 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 $599,000, 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 Terrebonne is detailed in down payment to buy in Terrebonne; the cheapest houses listed, in cheap houses for sale in Terrebonne.
How to read these figures
One number of sales and one share per year for all of Terrebonne. The segment median is the median price of only the houses sold under $500,000: when it sticks to the ceiling, the segment is on its way out. Houses under $400,000 are counted within those under $500,000. 2026 counts January to September, so the share is comparable but not the count.
Frequently asked questions
How many houses sell for under $500,000 in Terrebonne?
182 from January to September 2026, or 24% of house sales in Terrebonne; 315 over the whole of 2025. In 2016, 1,202 sold (97%).
And under $400,000?
Under $400,000, 54 sales in 2026 (7%) against 1,127 in 2016 (91%). It was the majority of sales until 2020.
Why are houses under $500,000 disappearing in Terrebonne?
Because the $500,000 threshold is fixed and prices are not: the median house in Terrebonne went from $260,000 to $599,000 (+130%) while the threshold stayed at $500,000. The share under $500,000 fell below 50% in 2023. 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 Terrebonne, 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.
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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.