Surrey Real Estate Market Update — October 2025

The Surrey real estate market is showing signs of balance this week. Prices are holding steady, buyers have more choice, and sellers are learning that smart pricing makes all the difference. Let’s break down what’s happening

Market Snapshot

• Median List Price: around $1.29 million
• Average Sold Price: just over $1.0 million
• Price Change: roughly +0.3% month-over-month
• Active Listings: about 6,500+ homes for sale
• Average Days on Market: 60 days
  

In simple terms, Surrey’s market isn’t red-hot or freezing cold. It’s steady, with slightly more listings and buyers taking their time before making offers.

Prices Holding, Inventory Rising

Home prices have remained fairly consistent this month, with only small increases in some areas. What’s changed is the number of homes available — listings are up, giving buyers more options and time to shop around.

For sellers, that means standing out is more important than ever. Homes that are priced right and show well are still selling quickly, while over-priced listings are sitting longer.

What’s Selling (and What’s Not)

• Detached Homes: Still the priciest, but moving more slowly than condos or townhomes.
• Townhouses & Condos: Seeing more supply and price adjustments — great entry-points for buyers.
• Hot Areas: Surrey City Centre, Fleetwood, and South Surrey continue to attract steady demand — especially properties near SkyTrain routes or new developments.

Market Mood: More Balance

After several months of high activity, Surrey is shifting into a balanced market.
That means:

• Buyers have more power to negotiate and include conditions.
• Sellers need to price strategically to attract attention.
• The market overall feels calmer and more sustainable.

What This Means for You

If You’re Buying:
More listings = more choice
Less competition = more time to decide
Don’t expect massive discounts — well-priced homes still move fast
Get pre-approved and know your numbers before you start shopping

If You’re Selling:
Price it right — buyers are comparing more options
Presentation matters — invest in photos, staging, and curb appeal
Be flexible — longer days on market are common right now

If You’re Investing:
Focus on location and growth potential (especially near transit)
Look for strong rental areas and updated properties
Be prepared for a longer holding period before resale profits

Frequently Asked Questions (FAQ)

Q1: Is Surrey’s real estate market going to crash?
 No — there’s no sign of a crash. Prices are steady, inventory is higher, and demand remains consistent. It’s more of a market reset than a decline.

Q2: Should I buy now or wait?
 If you’ve found a home that fits your budget and needs, now can be a great time. There’s less competition and more flexibility with sellers. Waiting for a big price drop may not pay off.

Q3: How should I price my home to sell?
 Check recent comparable sales in your neighbourhood and price slightly below stale listings. Homes that are priced competitively from day one attract more serious buyers.

Q4: What are condo and townhouse prices like?

• Townhouses: around $850,000 (median)
• Condos: around $550,000 (median)

 These are popular with first-time buyers and investors. Just keep strata fees and amenities in mind when comparing.

Q5: Which areas in Surrey are performing best?
 Neighbourhoods close to transit and future SkyTrain expansions — like City Centre, Guildford, and Fleetwood — are showing the most stable activity. South Surrey continues to attract move-up buyers and families.

Final Thoughts

This week in Surrey, we’re seeing a steady and balanced market. Buyers have more choices, sellers need smart pricing, and investors are watching closely for value.

If you’d like a more detailed look at your specific neighbourhood, like Cloverdale, Fleetwood, or South Surrey, I can share the latest stats and insights tailored to your area. Give us a call at 604-614-2842 for a free home evaluation.