Sold vs asking · Magog · Centris 2016-2026
At what percentage of the asking price houses sell in Magog, year by year since 2016: the negotiation of 2016, the bidding wars of 2021, the return of rates, and what today's gap represents in dollars on a median house. Centris figures, not estimates.
In Magog, a house sold on average for 98% of its asking price in 2026 (January to September), that is under the asking price: more room to negotiate than in most of the 50 cities tracked (median 99%). In 2016 it was 96%; at the 2021 peak, 100%, the asking price was met. On the 2026 median house ($600,000), the average gap between asking and sale price represents $12,000 less. Source: Centris (Matrix), compiled September 30, 2026.
The short answer
In Magog, a house sold on average for 98% of its asking price in 2026 (January to September), that is under the asking price: more room to negotiate than in most of the 50 cities tracked (median 99%). In 2016 it was 96%; at the 2021 peak, 100%, the asking price was met. On the 2026 median house ($600,000), the average gap between asking and sale price represents $12,000 less.
Sale price relative to asking price, year by year
| Year | Sold ÷ asking | Sold ÷ original price | Gap (price cuts) | Sales | Median price |
|---|---|---|---|---|---|
| 2016 | 96% | 94% | 2 pt | 226 | $218,492 |
| 2017 | 95% | 93% | 2 pt | 212 | $226,000 |
| 2018 | 96% | 95% | 1 pt | 241 | $231,000 |
| 2019 | 96% | 95% | 1 pt | 236 | $244,089 |
| 2020 | 97% | 96% | 1 pt | 301 | $289,900 |
| 2021 | 100% | 100% | 0 pt | 257 | $362,500 |
| 2022 | 100% | 99% | 1 pt | 221 | $426,500 |
| 2023 | 98% | 97% | 1 pt | 203 | $475,000 |
| 2024 | 98% | 97% | 1 pt | 251 | $519,500 |
| 2025 | 98% | 97% | 1 pt | 285 | $532,450 |
| 2026 (Jan. to Sep.) | 98% | 97% | 1 pt | 182 | $600,000 |
Single-family category, whole municipality of Magog, Centris (Matrix). Yearly average ratios, rounded to the point. "Gap" = ratio on asking minus ratio on original price: price cuts before the sale. 2026: January to September.
What ten years of ratios say in Magog
- Four markets in ten years in Magog: 95.8% of asking on average in 2016-2019, 99% during the 2020-2022 frenzy, 98% when high rates returned, 98% today.
- Peak: 2022 (100%); low: 2017 (95%). The average sale price never exceeded the asking price in Magog, not even in 2021: the frenzy played out in speed and in the disappearance of negotiation, not in bidding wars.
- The return of high rates: 100% in 2021, 98% in 2023 (-2 points), 98% in 2026. Negotiation is back, but at a far tighter level than in 2016.
- Price cuts before the sale: the gap between the ratio on the asking price and the ratio on the original price is 1 point in 2026 (2 in 2016, 0 in 2021). Few houses cut their price before selling.
- 2026 (Jan. to Sep.) versus 2025: 98% then 98% (stable), on 182 sales against 285 for the whole of 2025. Across the 50 cities, 9 are at 100% or more in 2026, against 40 in 2021.
- In 2016, buyers negotiated an average $8,740 under asking on a median house at $218,492; in 2026, $12,000 under that price on a house at $600,000.
What it changes when selling or buying in Magog
At 98% of asking, Magog leaves real room to negotiate: buyers offer under the price and sellers accept, on average 2% under the listing. For a seller, the starting price should build in that margin without doubling it: listing 10% too high to "leave room" scares showings away. For a buyer, an offer 3 or 4% under the price is the norm, not an insult. The past twelve months, listing by listing, are in how much buyers negotiate in Magog.
How to read these figures
Two ratios from the same Centris query: sale price ÷ asking price (last listed price) and sale price ÷ original price (first listed price), Single-family category, whole municipality, by year over ten years, rounded to the point by Matrix. An average of 103% does not mean every house sold over asking: some at 115%, others at 95%. The sales and median price in the last two columns come from number of sales in Magog. Small cities move a point from one year to the next without the market having changed.
Frequently asked questions
At what percentage of asking does a house sell in Magog in 2026?
On average 98% of the asking price for a house sold in Magog from January to September 2026 (182 sales), against 98% in 2025 and 96% in 2016.
Did houses sell over asking in Magog in 2021?
No, not on average: 100% of asking in 2021, the decade's peak. The bidding-war peak was 2022 (100%); in 2026 we are at 98%.
Can you still negotiate a house price in Magog?
Yes: 2% under asking on average in 2026, against 4% in 2016. The margin exists, but it is thinner than ten years ago.
Source: Centris (Matrix), Statistics module, queries of September 30, 2026 for the municipality of Magog: Single-family category, sale price ÷ asking price and sale price ÷ original price ratios by year over ten years; sales and median price from the September 16, 2026 query; compiled by the Loaa & Manseur team, aggregates only, current year partial. The sold over asking in 50 cities hub compares the 50 cities.
Our other data series in Magog, from the same Centris listings:
Each series is recalculated from actual sales, aggregates only.
And the houses that do not sell in Magog:
Expired listings and failure rate, year by year, ten years from the same Centris listings.
And the average house price in Magog:
Mean, median and asking price, year by year, ten years from the same Centris listings.
And the sales volume in Magog:
How many dollars change hands each year, and whether price or the number of sales rose, ten years from the same Centris listings.
And house appreciation in Magog:
What a house bought in each year since 2016 is worth today, ten years from the same Centris listings.
And the jump from condo to house in Magog:
The gap between house and condo year by year, and how much of it the condo's gain covers, ten years from the same Centris listings.
All the statistics in Magog at a glance:
Twelve 2026 Centris indicators, the city's rank on each, and a link to ten years of detail.
Our proof, not our promises
The Loaa & Manseur team, led by Lotfi Manseur and Loaa Al Daow, is 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 of large residential teams according to the official RE/MAX ranking, computed on actual transactions. Its Google profile counts more than 220 reviews with a 4.9 rating. Its offices are at 55 avenue de l'Équinoxe in Brossard, one bridge from the island, and every broker's licence can be checked in the OACIQ public register. Three things to verify yourself before calling us, and to demand of any other broker.
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.