Surrey Real Estate Market Report
Executive Summary
Dan BraunLocal expert · SurreyThe Surrey, British Columbia real estate market is currently classified as a balanced market. The MLS composite benchmark price is $885K, down 7.1% year-over-year.
There are currently 4,501 active listings. According to Fraser Valley Real Estate Board, there were 508 sales in June 2026. Inventory has increased 40.7% compared to last month.
Currently, listings spend an average of 71 days on market and the average price per square foot is $606.
Board Data vs Our Listings
| Metric | Fraser Valley Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $885K | $1.1M |
| Active Listings | 4,501 | 4,501 |
| Detached Benchmark | $1.3M | $2.0M |
| Townhouse Benchmark | $764K | $684K |
| Apartment Benchmark | $476K | $684K |
Detached properties make up the largest share of the Surrey market at 51% of active listings with an average price of $2.0M. Condo listings follow at 49% (avg $684K).
Sales Activity & Absorption
Volume
Market Signals
Fraser Valley Real Estate Board reported 508 sales this period, 1302 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| City Centre | 648 | $877K |
| West Newton | 284 | $1.1M |
| Cloverdale BC | 278 | $1.4M |
| Grandview Surrey | 265 | $1.6M |
| Sullivan Station | 241 | $1.4M |
| East Newton | 236 | $1.3M |
| Fleetwood Tynehead | 232 | $1.5M |
| King George Corridor | 218 | $1.1M |
| Queen Mary Park Surrey | 173 | $1.7M |
| Clayton | 172 | $1.2M |
| Panorama Ridge | 133 | $1.8M |
| Bear Creek Green Timbers | 133 | $2.3M |
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 Surrey market currently has 4,501 active listings with a median price of $1.1M.
According to Fraser Valley Real Estate Board, the composite benchmark price is $885K (-7.1% year-over-year). There were 508 sales recorded
- Prices declining (-30.6% in 30 days)
- Low price reduction rate (0% of listings)
- Slow-moving market (71 avg days on market)
- Average price per square foot is $606
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Fraser Valley 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.