Surrey Real Estate Market Report
Executive Summary
Brian SuicoLocal expert · SurreyThe Surrey, British Columbia real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $917K, down 8.4% year-over-year.
There are currently 4,485 active listings. Inventory has increased 31.6% compared to last month.
Currently, the average price per square foot is $602.
Board Data vs Our Listings
| Metric | Fraser Valley Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $917K | $1.1M |
| Active Listings | 4,485 | 4,485 |
| Detached Benchmark | $1.3M | $2.0M |
| Townhouse Benchmark | $753K | $680K |
| Apartment Benchmark | $474K | $680K |
Detached properties make up the largest share of the Surrey market at 52% of active listings with an average price of $2.0M. Condo listings follow at 48% (avg $680K).
Sales Activity & Absorption
Volume
Market Signals
1075 new listings appeared in the past month.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| West Newton | 295 | $1.1M |
| Cloverdale BC | 267 | $1.3M |
| Grandview Surrey | 250 | $1.6M |
| King George Corridor | 241 | $1.1M |
| East Newton | 240 | $1.3M |
| Sullivan Station | 237 | $1.4M |
| Fleetwood Tynehead | 229 | $1.6M |
| Queen Mary Park Surrey | 184 | $1.7M |
| Clayton | 160 | $1.2M |
| Bear Creek Green Timbers | 143 | $2.2M |
| Panorama Ridge | 135 | $1.8M |
| Crescent Bch Ocean Pk. | 127 | $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 4,485 active listings with a median price of $1.1M.
According to Fraser Valley Real Estate Board, the composite benchmark price is $917K (-8.4% year-over-year).
- Prices declining (-4.5% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (0%)
- Average price per square foot is $602
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark statistics from Fraser Valley Real Estate Board. Prepared by Brian Suico with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 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.