Chilliwack & District Real Estate Market Report - May 2026

Chilliwack & District (MLS® HPI) — May 2026

In May 2026, the Chilliwack & District real estate market shows a composite benchmark price of $736,000, reflecting a 3.6% decrease from the same month last year. The market remains balanced, with no significant changes in sales or inventory metrics reported this month.

Market Analysis

The Chilliwack & District real estate market is currently characterized as balanced, indicating a stable environment for both buyers and sellers. The composite benchmark price has increased slightly from April 2026, when it was $733,000, suggesting a modest upward trend in pricing. However, the year-over-year decline of 3.6% from May 2025 indicates that while prices may be stabilizing, they have not yet returned to previous highs.

Property Type Analysis

In terms of property types, the detached homes have a benchmark price of $899,800, while attached/townhouses are priced at $609,000, and apartments at $416,100. Although specific sales data is not available, the pricing structure suggests that detached homes continue to command a premium, reflecting their desirability in the current market environment.

Regional Highlights

Regional trends indicate a consistent demand for housing in the Chilliwack area, despite the slight decrease in prices year-over-year. The balanced market condition suggests that buyers are finding opportunities without facing overwhelming competition, while sellers can still expect reasonable interest in their properties.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions, as this allows for more negotiation power and the opportunity to explore various property types without the pressure of bidding wars. Buyers should remain vigilant and ready to act, as the market dynamics can shift quickly.

For Sellers

Sellers should consider pricing their homes competitively to attract potential buyers in this balanced market. It is advisable to present properties in excellent condition and be prepared for negotiations, as buyers are likely to be discerning in their choices.