Surrey Real Estate Market Update: March 2026

After nearly a year of steady price declines, March gave us the first real sign that the Surrey market is catching its breath. Benchmark prices ticked up slightly — the first month-over-month gain in 11 months — and buyers showed up in bigger numbers than February.

That said, Surrey is still firmly a buyer's market, and there are some really specific opportunities hidden in the neighbourhood-level data that most headlines miss. Here's what actually happened in March, broken down by property type and community.

Surrey Detached Homes: March 2026

The Surrey detached market recorded 79 sales against 936 active listings — an 8% sales ratio, which is firmly buyer's market territory. (For context, a balanced market runs between 12% and 20%.)

Key Surrey detached numbers for March:

• Median sale price: $1,305,000 (up 3% from February's $1,270,000)

• Price per square foot: $493 (down 2% month-over-month)

• Sale-to-list price ratio: 97% (homes selling 3% below list price)

• Days on market: 24 days

• Total inventory: 936 homes, up 3% from February

Sales jumped 22% month-over-month (from 65 in February to 79 in March), which is a healthy sign that buyers are starting to move. But with sellers still getting 97% of list on average, nobody's panic-selling either.

Most Active Surrey Detached Price Band

The $900,000 to $1 million range is where the action is — 33% sales ratio, firmly a seller's market at that price point. If you're selling a detached home in Surrey under $1M right now, you're in a surprisingly strong position despite the broader buyer's market conditions.

Above $1M, the market cools quickly. The $1.25M–$1.5M band saw only a 7% sales ratio. Above $2M, it's a straight buyer's market — 4-8% sales ratios across most bands.

Surrey Detached Neighbourhood Breakdown

Some Surrey neighbourhoods are selling noticeably faster than others:

• Royal Heights — 20% sales ratio (seller's market)

• Queen Mary Park — 19% sales ratio (strong balanced market)

• Bolivar Heights — 13% sales ratio

• Panorama Ridge — 12% sales ratio 

• West Newton — 11% sales ratio

• Cedar Hills — 10% sales ratio

On the slower side:

• Bear Creek Green Timbers — 5% sales ratio

• Fleetwood Tynehead — 5% sales ratio

• Sullivan Station — 5% sales ratio

If you're buying detached, Bear Creek, Fleetwood, and Sullivan Station are where you have the most negotiating leverage right now. Good inventory, slower sales, willing sellers.

If you're selling detached, Queen Mary Park and Royal Heights are moving, and three-to-four-bedroom homes are selling faster than bigger five-plus-bedroom properties right now.

Surrey Condos & Townhomes: March 2026

The Surrey attached market (condos + townhomes combined) recorded 146 sales against 1,350 active listings — an 11% sales ratio, also a buyer's market but tighter than detached.

Key Surrey condo/townhome numbers for March:

• Median sale price: $550,000 (down 1% from February's $555,000)

• Price per square foot: $566 (up 9% month-over-month — worth watching)

• Sale-to-list price ratio: 97%

• Days on market: 26 days (down 4% from February)

• Total inventory: 1,350 units, up 7% from February

The jump in price-per-square-foot (up 9%) alongside a small drop in median price tells me smaller, higher-quality condos are selling at premium prices while larger, older units are dragging the median down. Sharp condo buyers are paying up for well-located new builds.

Most Active Condo/Townhome Price Band

$300,000 to $400,000 is the hottest segment at 18% sales ratio — basically a balanced market at that entry-level price. First-time buyers and investors are active there.

The $600,000 to $700,000 range is the buyer's sweet spot — only a 7% sales ratio, meaning plenty of inventory and motivated sellers.

Surrey Attached Neighbourhood Breakdown

Where condos and townhomes are moving:

• Royal Heights — 20% sales ratio (but low inventory, only 5 listings)

• Fraser Heights — 15% sales ratio

• Bolivar Heights, Sullivan Station, Queen Mary Park, Fleetwood Tynehead — all around 13-14%

• Whalley (City Centre) — 12% sales ratio on 519 listings (this is the biggest condo inventory pool in Surrey)

• Panorama Ridge — 12% sales ratio

Slower-moving condo/townhome areas:

• East Newton — 7% sales ratio with 115 listings

• Guildford — 8% sales ratio with 139 listings

• West Newton — 9% sales ratio with 127 listings

If you're a condo buyer looking for deals, East Newton and four-plus-bedroom townhomes across Surrey are the best opportunities right now. If you're selling a condo, Fraser Heights and three-bedroom-or-smaller units are where the action is.

The Broader Fraser Valley Context

Zooming out to the full Fraser Valley picture for March 2026:

• Composite benchmark price: $898,300 (up 0.3% from February — first month-over-month gain in 11 months)

• Single-family detached benchmark: $1,375,600 (down 8.7% year-over-year)

• Townhome benchmark: $772,700 (down 7.3% year-over-year)

• Condo benchmark: $489,200 (down 9.2% year-over-year)

• Total active listings across Fraser Valley: 9,201 (50% above 10-year average)

So prices are stabilizing, but inventory is still elevated. That combination — stable prices plus lots of choice — is actually an ideal setup for serious buyers who know what they want.

What This Means If You're Buying in Surrey

If you've been waiting for a better moment, this is as good as it's been in years.

You have real negotiating power. Homes are selling 3% below list on average. Ask for inspections. Include conditions. Negotiate price and closing terms. Sellers who've been on the market for 30+ days are often willing to move significantly.

Condos are undervalued right now. With prices down 9% year-over-year and 1,350 active listings to choose from, condo buyers have both selection and leverage. Especially in the $600K-$700K range where sales ratios are lowest.

Interest rates are the wild card. If rates move up later this year, every month you wait costs you in financing. Run the actual math with a mortgage broker before assuming "waiting" is the safer play.

What This Means If You're Selling in Surrey

Selling in a buyer's market isn't hard — it just requires doing things right the first time.

Price to the market, not to last year. The #1 reason homes sit is overpricing at launch. Buyers have 9,000+ other listings to compare against and will skip yours if it's not priced sharply.

Presentation is the separator. Professional photos, proper staging, and pre-listing inspections are what separate homes that sell in 24 days from homes that sit for 90. This matters more now than in any market since 2018.

Know your sub-market. If you're in Queen Mary Park or Royal Heights, you're in a different market than someone selling in Bear Creek. Strategy, pricing, and marketing approach should reflect that — not a generic "Surrey" approach.

If you want to talk through what's happening specifically in your Surrey neighbourhood, or figure out whether this is the right moment for you to make a move, I'm happy to run through it with you. No pressure, no pitch — just a real conversation about your options.

Contact page / Sell My House Fast 

Jared Gibbons Top 1% REALTOR®, Fraser Valley Royal LePage Little Oak Realty 📞 604-928-1361📧 info@jaredgibbons.ca