Nanaimo Real Estate Market Report
Executive Summary
Travis BriggsLocal expert · NanaimoThe Nanaimo, British Columbia real estate market is currently classified as a balanced market. The MLS composite benchmark price is $705K, down 1.2% year-over-year.
There are currently 860 active listings. Inventory has increased 62.9% compared to last month.
Currently, listings spend an average of 58 days on market and the average price per square foot is $462.
Board Data vs Our Listings
| Metric | Vancouver Island (MLS® HPI) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $705K | $732K |
| Active Listings | 860 | 860 |
| Detached Benchmark | $792K | $1.1M |
| Townhouse Benchmark | $553K | $686K |
| Apartment Benchmark | $408K | $686K |
Detached properties make up the largest share of the Nanaimo market at 64% of active listings with an average price of $1.1M. Condo listings follow at 36% (avg $686K).
Sales Activity & Absorption
Volume
Market Signals
332 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Long Lake Heights | 7 | $1.0M |
| Old City | 7 | $443K |
| Victoria Estates | 6 | $269K |
| The 1615 Residences | 5 | $642K |
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
The market is relatively balanced between buyers and sellers. The Nanaimo market currently has 860 active listings with a median price of $732K.
According to Vancouver Island (MLS® HPI), the composite benchmark price is $705K (-1.2% year-over-year).
- Prices declining (-21.1% in 30 days)
- Low price reduction rate (0% of listings)
- Slow-moving market (58 avg days on market)
- Average price per square foot is $462
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Vancouver Island (MLS® HPI). Prepared by Travis Briggs 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.