Chilliwack & District Real Estate Market Report - February 2026

Chilliwack & District (MLS® HPI) — February 2026

In February 2026, the composite benchmark price in the Chilliwack & District real estate market is $724,500, reflecting a 3.4% decrease from the same month last year. The market remains balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Chilliwack & District real estate market exhibits a balanced condition as of February 2026, with the composite benchmark price decreasing from $733,500 in January 2026 to $724,500. This decline of 3.4% year-over-year from $750,000 in February 2025 suggests a gradual adjustment in pricing, likely influenced by broader economic factors and changing buyer preferences. While specific sales and inventory data are currently unavailable, the stability in benchmark pricing indicates a consistent demand relative to supply.

Property Type Analysis

In February 2026, the benchmark prices for various property types are as follows: detached homes at $881,700, attached/townhouses at $599,800, and apartments at $418,200. The higher benchmark for detached homes reflects their continued appeal, although the lack of sales data prevents a comprehensive analysis of market activity across these segments. The price points suggest that while detached homes remain the most expensive option, townhouses and apartments may offer more accessible entry points for buyers in the current market.

Regional Highlights

The Chilliwack & District region continues to attract interest due to its diverse housing options and community amenities. As the market adjusts, potential buyers may find opportunities in the attached and apartment sectors, which could be more favorable given the current pricing trends. The area's balanced market condition indicates that while prices are stabilizing, there remains a healthy level of competition among buyers.

For Buyers

Prospective buyers are encouraged to remain vigilant and consider the current benchmark prices as opportunities to negotiate. With a balanced market, buyers may find favorable conditions to make offers, particularly on attached and apartment properties, which may provide better value compared to detached homes.

For Sellers

Sellers should be aware of the slight decline in benchmark prices and adjust their expectations accordingly. Pricing properties competitively will be crucial in attracting buyers in this balanced market, and sellers should consider engaging with real estate professionals to effectively position their homes.