1,533 Property for sale in Sherbrooke listings are price checked
Listings from luxuryestate.com, listglobally.com and 7 more
Property value calculations
Do not overpay! With property price calculations you can make better choices when you are looking for your next place to live.
Using artificial intelligence, we analyse property adverts daily from various property portals, saving you time and providing valuable insights.
How we calculate property prices
The estimated market value for properties is calculated by using a proprietary formula that includes detailed information about a home (bedrooms, bathrooms, size and so on), Additionally, location, market dynamics and other key details are extracted from property listings to determine the correct price evaluation.
The precision of the estimates rely on the availibility of data and should serve as guidance rather than absolute certainty.
We remain committed to transparency and providing valuable market insights to our users, by helping them navigate the property market with confidence.
Living in Sherbrooke: A Quick Guide to the Real Estate Market & Neighborhoods
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Market status in Sherbrooke
Our catalog on AllClassifieds offers a comprehensive overview of the real estate sales market status in Sherbrooke (Quebec, Canada), showcasing the latest trends and offerings. The city features various dwelling types, with houses leading with an average price of $ 671,200 CAD, an average size of 690 sqft, and representing 54.2% of listings. Condos follow with an average price of $ 822,000 CAD, an average size of 1,014 sqft, and 26.3% of listings. Apartments make up 9% of listings, with an average price of $ 774,600 CAD and an average size of 654 sqft.
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FAQ
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What are the property taxes in Sherbrooke and are there any other ongoing costs I should consider?
In Sherbrooke, Quebec, property taxes vary based on your property's assessment value. As a rough guide, the average property tax rate is around 1.16% of assessed value. Besides property taxes, consider ongoing costs such as utility bills (electricity, water), insurance, and maintenance fees. For accurate calculations, visit the City of Sherbrooke's official website: ville.sherbrooke.qc.ca.
What types of upfront costs and fees will I have to pay when purchasing a property in Sherbrooke?
When purchasing a property in Sherbrooke, upfront costs typically include a down payment (minimum 5% of the purchase price), home inspection fees ($ 300 CAD -$ 600 CAD), legal fees (approx. $ 1500 CAD), and title insurance ($ 100 CAD -$ 300 CAD). You may also encounter land transfer taxes, although Quebec offers rebates for first-time buyers. Remember to budget for these additional expenses.
How does the Sherbrooke property market compare to ther regions in the Canada?
The average property price in Sherbrooke is around $ 350,000 CAD , significantly lower than in Toronto or Vancouver, where averages are above $ 1,000,000 CAD . Sherbrooke offers a more affordable market, with prices per square meter inside the city center at approximately $ 2,200 CAD , unlike Toronto's $ 8,000 CAD or Vancouver's $ 10,000 CAD . This makes Sherbrooke an attractive option for buyers seeking value for money.
How competitive is the Sherbrooke property market?
The property market in Sherbrooke, Quebec, Canada, is competitive with a median home price of $ 349,500 CAD as of a 2023 report. Despite this, Sherbrooke experienced a -3.3% price change within a year, indicating slight cooling. Property types vary, from condos to single-family homes, catering to diverse demands. More information can be found at centris.ca/en.
