Chilliwack & District MLS® HPI Market Report - June 2026: Benchmark Price Declines 3.6% Year-Over-Year

Chilliwack & District (MLS® HPI) — June 2026

In June 2026, the composite benchmark price for properties in the Chilliwack & District area is $734,100, reflecting a 3.6% decrease from June 2025. The market is currently characterized as balanced, indicating a stable environment for both buyers and sellers.

Market Analysis

The Chilliwack & District real estate market shows signs of stability with a composite benchmark price of $734,100 in June 2026, down from $761,300 in the same month last year. This year-over-year decline of 3.6% suggests a gradual adjustment in property values, likely influenced by broader economic factors and changing buyer preferences. The balanced market condition indicates that supply and demand are relatively equal, providing opportunities for both buyers and sellers to negotiate favorable terms.

Property Type Analysis

When examining the breakdown by property type, the benchmark price for detached homes stands at $900,900, while attached/townhouses are priced at $600,400, and apartments at $413,900. Although specific sales data is unavailable for June, the differences in benchmark prices reflect the varying demand and supply dynamics across these property categories, with detached homes typically commanding the highest prices due to their desirability and larger living spaces.

Regional Highlights

Regional trends indicate that while the overall market is balanced, certain neighborhoods may experience differing levels of activity based on local amenities and infrastructure developments. Buyers may find more competitive pricing in areas that have seen less demand, while popular neighborhoods may still retain higher prices despite the overall market decline.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions, as this allows for more negotiation power and the potential for favorable purchase terms. Conducting thorough research on property types and neighborhoods can help buyers identify opportunities that align with their needs and budget.

For Sellers

Sellers should remain realistic about pricing in the current market environment, as the year-over-year decline in benchmark prices suggests that overpricing may lead to extended time on the market. Engaging with a knowledgeable real estate professional can provide valuable insights into pricing strategies and marketing approaches to attract potential buyers.