Chilliwack Real Estate Market Report
Executive Summary
Dan BraunLocal expert · ChilliwackThe Chilliwack, British Columbia real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $734K, down 3.6% year-over-year.
There are currently 1,060 active listings, representing 6.9 months of inventory. According to Chilliwack & District Real Estate Board, there were 204 sales and 478 new listings in June 2026. Inventory has increased 42.9% compared to last month.
Currently, listings spend an average of 67 days on market and the average price per square foot is $401.
Board Data vs Our Listings
| Metric | Chilliwack & District Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $734K | $730K |
| Average Price | $763K | $958K |
| Active Listings | 1,399 | 1,060 |
| Detached Benchmark | $901K | $1.1M |
| Townhouse Benchmark | $600K | $584K |
| Apartment Benchmark | $414K | $584K |
Detached properties make up the largest share of the Chilliwack market at 50% of active listings with an average price of $1.1M. Condo listings follow at 50% (avg $584K).
Sales Activity & Absorption
Volume
Market Signals
Chilliwack & District Real Estate Board reported 204 sales this period, 318 new listings appeared in the past month.
Chilliwack & District Real Estate Board Monthly Report
The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 204 units in June 2026. This was a substantial decrease of 19.7% from June 2025.
Home sales were 10% below the five-year average and 29.8% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 1,027 units over the first six months of the year. This was a large decline of 17.7% from the same period in 2025.
“Home sales and new listings stepped down from last year’s levels as buyers and sellers alike have shied away from the market over the past several months. However, on the demand side we are seeing a bit of growth on a monthly basis since April, so we’ll continue to keep an eye on that emerging trend,” said Rob Lacerte, President of the Chilliwack and District Real Estate Board. “In more positive news, the federal and provincial governments have announced that are setting up a $5-billion fund that municipalities in British Columbia will be able to access to help pay for new homes, infrastructure, and transit.”
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $734,100 in June 2026, a minor decrease of 3.6% compared to June 2025.
The benchmark price for single-family homes was $900,900, a small reduction of 3.9% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $600,400, falling by 4.4% compared to a year earlier, while the benchmark apartment price was $413,900, a modest decline of 1.8% from year-ago levels.
The average price of homes sold in June 2026 was $762,907, decreasing by 4.1% from June 2025.
The more comprehensive year-to-date average price was $769,384, down only 0.2% from the first six months of 2025.
The dollar value of all home sales in June 2026 was $155.6 million, down sharply by 23% from the same month in 2025.
The number of new listings was essentially unchanged, up just 0.8% (four listings) from June 2025. There were 478 new residential listings in June 2026.
New listings were 9.9% below the five-year average and 8.5% below the 10-year average for the month of June.
Active residential listings numbered 1,399 units on the market at the end of June, a small gain of 1.6% from the end of June 2025. Active listings haven’t been this high in the month of June in more than five years.
Active listings were 10.8% above the five-year average and 23.7% above the 10-year average for the month of June.
Months of inventory numbered 6.9 at the end of June 2026, up from the 5.4 months recorded at the end of June 2025 and above the long-run average of 4.4 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Source: Chilliwack & District Real Estate Board, June 2026
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
Moderate absorption — healthy turnover.
With 6.9 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Sardis South | 140 | $862K |
| Chilliwack Proper East | 125 | $698K |
| Chilliwack Proper South | 109 | $948K |
| Chilliwack Proper West | 101 | $588K |
| Promontory | 93 | $1.1M |
| Eastern Hillsides | 78 | $1.3M |
| Garrison Crossing | 67 | $678K |
| Sardis West Vedder | 64 | $862K |
| Vedder Crossing | 48 | $636K |
| Chilliwack Downtown | 44 | $960K |
| Chilliwack Mountain | 38 | $1.7M |
| Sardis East Vedder | 32 | $787K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
This is currently a buyer's market with more negotiating power for purchasers. The Chilliwack market currently has 1,060 active listings with a median price of $730K and 6.9 months of inventory.
According to Chilliwack & District Real Estate Board, the composite benchmark price is $734K (-3.6% year-over-year). There were 204 sales recorded, with a sales-to-active listings ratio of 14.6%. This indicates a balanced market with moderate competition.
- High inventory (6.9 months) favors buyers
- Prices declining (-26.5% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (43%)
- Slow-moving market (67 avg days on market)
- Average price per square foot is $401
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Chilliwack & District Real Estate Board. Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.