Surrey Real Estate Market Report - July 2026

Surrey's Real Estate Market: A Notable Price Surge

The average property price in Surrey, British Columbia, has surged to $1,463,673, marking a significant shift in the market dynamics. This figure is a testament to the increasing demand and limited supply, with the median price standing at $1,050,000. The market's upper limit reaches an astonishing $60,000,000, while the lowest price recorded is $25,000.

Price Breakdown by Property Type

Buyer Implications: Navigating a Competitive Market

With 4,515 active listings and 1,300 new listings in the last 30 days, buyers face a competitive environment. The absence of townhouses means limited options for those seeking mid-range properties. Buyers should prepare to act swiftly and consider condos as viable alternatives to houses, given their comparable average prices. Exploring properties at the lower end of the price range, starting at $25,000, could offer opportunities for budget-conscious buyers.

Seller Implications: Capitalizing on Demand

Sellers are in a favorable position, with the market's average price reaching $1,463,673. The high demand and limited townhouse availability suggest potential for premium pricing strategies, especially for houses and condos. With 1,300 new listings in the past month, sellers should ensure their properties stand out, leveraging professional staging and competitive pricing to attract serious buyers quickly.

30-Second Takeaway

• Average property price in Surrey: $1,463,673.
• Active listings total 4,515, with 1,300 new in 30 days.
• No townhouses available; consider condos as alternatives.
• Sellers should leverage high demand and low supply.
• Buyers must act swiftly and explore lower price ranges.