Price Reduced Homes for Sale in Surrey
This search lists Surrey homes where the asking price has dropped by at least 1%, pulled live from the MLS®. Land and income properties are left out; houses, townhomes and condos are all included. The size of a price drop only makes sense next to the prices homes are actually closing at. In October 2026 a typical Surrey detached home sold for $1,248,000, took 44 days and closed at 96% of its list price, with 1033 detached homes for sale and 113 sold in the month.
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What a price drop means in Surrey right now
Detached homes in Surrey have been selling about 4% under list price, and condos and townhomes about 5% under. On the detached side the sales ratio was 11%, which SnapStats reads as a buyer's market. For condos and townhomes it was 10%, also a buyer's market. A reduction of a few percent generally moves a home to where buyers have been paying, whereas a deeper one tells you the first price missed, and it is fair to ask by how much.
Supply is the other half. At October's pace the 1033 detached listings would take 9.1 months to sell, and the 1434 condo and townhome listings 9.8 months. Against October 2025, detached listings are 11% fewer and detached sales 22% more, which is the backdrop for how many price changes you will see.
Surrey detached homes by area: where buyers have room
Where stock is building up faster than it sells, sellers tend to reduce first. In October that was Queen Mary Park (66 listings, 3% sales ratio), Bolivar Heights (71 listings, 4% sales ratio), Whalley (81 listings, 5% sales ratio). The fastest-moving area was Cedar Hills, at a 27% ratio on 14 sales, so cuts there tend to be small or short-lived.
| Area | For sale | Sold in month | Sales ratio | Reading |
|---|---|---|---|---|
| Fleetwood Tynehead | 122 | 14 | 11% | buyer's market |
| East Newton | 110 | 16 | 15% | balanced market |
| Bear Creek Green Timbers | 94 | 6 | 6% | buyer's market |
| Panorama Ridge | 91 | 12 | 13% | balanced market |
| West Newton | 89 | 8 | 9% | buyer's market |
| Fraser Heights | 84 | 10 | 12% | balanced market |
| Whalley | 81 | 4 | 5% | buyer's market |
| Sullivan Station | 79 | 16 | 20% | balanced market |
| Bolivar Heights | 71 | 3 | 4% | buyer's market |
| Queen Mary Park | 66 | 2 | 3% | buyer's market |
| Cedar Hills | 51 | 14 | 27% | seller's market |
| Guildford | 41 | 6 | 15% | balanced market |
| Bridgeview | 32 | 0 | — | no sales ratio |
| Royal Heights | 19 | 2 | 11% | buyer's market |
| Port Kells | 3 | 0 | — | no sales ratio |
Source: SnapStats® monthly report for October 2026, built on MLS® data from the Greater Vancouver REALTORS® and the Fraser Valley Real Estate Board. How these figures are defined and sourced
Price ranges with the most unsold Surrey detached homes
The busiest price range for listings was $1,250,001 to $1,500,000, with 287 homes for sale and 29 sold. The slowest of the well-stocked ranges were $2,250,001 to $2,500,000 (61 for sale, 2 sold); $2,500,001 to $2,750,000 (27 for sale, 1 sold); $2,000,001 to $2,250,000 (45 for sale, 2 sold). Buyers in those ranges have the most reason to expect room on price.
| Price range | For sale | Sold in month | Months of supply | Sales ratio |
|---|---|---|---|---|
| $1,000,001 to $1,250,000 | 203 | 38 | 5.3 | 19% |
| $1,250,001 to $1,500,000 | 287 | 29 | 9.9 | 10% |
| $1,500,001 to $1,750,000 | 168 | 15 | 11.2 | 9% |
| $1,750,001 to $2,000,000 | 116 | 7 | 16.6 | 6% |
| $2,250,001 to $2,500,000 | 61 | 2 | 30.5 | 3% |
Source: SnapStats® monthly report for October 2026, built on MLS® data from the Greater Vancouver REALTORS® and the Fraser Valley Real Estate Board. How these figures are defined and sourced
Condos and townhomes in Surrey
Condos and townhomes sold at a median $547,500 in Surrey, after 28 days. The most crowded price range was $400,001 to $500,000, with 304 for sale and 27 sold. By area, Whalley had the most listings (604, 42 sold), then Guildford (164, 16 sold).
| Bedrooms | For sale | Sold in month | Months of supply | Sales ratio |
|---|---|---|---|---|
| 2 Bedrooms and Less | 38 | 6 | 6.3 | 16% |
| 3 to 4 Bedrooms | 293 | 39 | 7.5 | 13% |
| 5 to 6 Bedrooms | 332 | 42 | 7.9 | 13% |
| 7 Bedrooms and More | 370 | 26 | 14.2 | 7% |
Source: SnapStats® monthly report for October 2026, built on MLS® data from the Greater Vancouver REALTORS® and the Fraser Valley Real Estate Board. How these figures are defined and sourced
The largest group of detached listings in Surrey by size was 7 bedrooms and more, at 370 for sale against 26 sold.
Price Reduced Homes for Sale in Surrey: your questions answered
How much below asking are homes selling for in Surrey?
SnapStats puts October 2026 at 96% of list price for Surrey detached homes (4% below) and 95% for condos and townhomes (5% below).
Is Surrey a buyer's market or a seller's market?
By the SnapStats reading, October 2026 was a buyer's market for detached homes (11% sales ratio) and a buyer's market for condos and townhomes (10%). The scale runs from a buyer's market under 12%, through balanced at 12% to 20%, to a seller's market above 20%.
How long do Surrey homes take to sell?
The typical Surrey detached home took 44 days to sell in October 2026, and a condo or townhome 28 days.
Which price range has the most unsold detached homes in Surrey?
$1,250,001 to $1,500,000, with 287 detached homes for sale and 29 sold in October 2026.
What Buyers & Sellers Say
Excerpts from Google reviews for Jared Gibbons, REALTOR® at Royal LePage Little Oak Realty (Suite 201 - 15272 Croydon Dr, Surrey). Quoted word for word; initials only.
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5 out of 5 stars
“My husband and I sought out Jared and his team, as we knew they had years of experience selling properties within the Langley/South Surrey/White Rock area and they came greatly recommended…”
S.S. Google review
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5 out of 5 stars
“The Best Realtor Experience I have Ever Had! Working with Jared was a dream. From the very first meeting to the final closing, he went above and beyond every step of the way…”
C.S. Google review
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5 out of 5 stars
“Jared is an outstanding realtor and person. His knowledge of the market far surpasses anyone I have come in contact with. More than this, he prioritizes your purchase like it’s his own, going above and beyond to find a home that works for you…”
B.S. Google review
Price reduced homes in nearby cities
- Price reduced homes in South Surrey/White Rock
- Price reduced homes in Langley
- Price reduced homes in Abbotsford
- Price reduced homes in Chilliwack
- Price reduced homes in Maple Ridge
Market figures are SnapStats® numbers for October 2026 and update monthly. The listings above update live from the MLS®.
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