Market data Palmerston-Little Italy Condos Updated October 27, 2026
Palmerston-Little Italy Condo Market.
Sale prices, days on market and trends for condos in Palmerston-Little Italy, based on MLS® sales through May 2026.
May 2026 at a glance
(compared with May 2025)In May 2026, the median sale price for condos in Palmerston-Little Italy was $574,000. 4 condos sold while 3 new listings came to market. Homes that sold took an average of 27 days to find a buyer. With a sales-to-new-listings ratio of 117% over the last three months, Palmerston-Little Italy is a seller's market right now.
Figures for May 2026 unless noted. "For sale now" is today's count.
Seller's market
Homes are selling quickly relative to new supply, so sellers have more leverage.
Sales-to-new-listings ratio, last 3 months: 117%
Months of supply: 2.6
What it means
- Supply is tight: about 2.6 months of listings at the current pace of sales.
- Condos that sold took about 27 days to find a buyer.
Prices
3-month median sale price
Each point averages three months, weighted by sales, to smooth out swings. Hover a point for that month on its own.
Condo fees
Monthly maintenance fees from 10 condo sales, Dec 2025 to May 2026. Most listings give size as a range, so fee per square foot uses the middle of it.
Condos for sale now in Palmerston-Little Italy
Supply and demand
When new listings outpace sales, buyers have more choice. When sales catch up, sellers gain the edge.
Sales and new listings, by month
Sales-to-new-listings ratio
Below 40% favours buyers, 40 to 60% is balanced, above 60% favours sellers. The market card above uses the last three months together.
Days on market
Average number of days homes that sold were on the market. Fewer days usually means more competition.
Recently sold in Palmerston-Little Italy
Members3 condos sold in the last 90 days.
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Nearby neighbourhoods
How condos in Palmerston-Little Italy compare with the areas next door.
| Neighbourhood | Median sale price | Days on market | Market |
|---|---|---|---|
| Palmerston-Little Italy (this area) | $574,000 | 27 | Seller's market |
| University | $616,000 | 43 | Balanced market |
| Trinity-Bellwoods | $872,500 | 71 | Balanced market |
| Dufferin Grove | $735,000 | 16 | Buyer's market |
| Kensington-Chinatown | $596,000 | 44 | Buyer's market |
Latest month with sales for each area.
Frequently asked questions
What is the average price of condos in Palmerston-Little Italy?
The median sale price for condos in Palmerston-Little Italy was $574,000 in May 2026.
How long does it take to sell a condo in Palmerston-Little Italy?
In May 2026, condos that sold in Palmerston-Little Italy were on the market for an average of 27 days.
Is Palmerston-Little Italy a buyer's or seller's market?
Palmerston-Little Italy is currently a seller's market for condos. Homes are selling quickly relative to new supply, so sellers have more leverage. This is based on the ratio of sales to new listings over the last three months (117%).
For owners in Palmerston-Little Italy
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