Surrey Real Estate Market Stats
The boards report Surrey in 3 parts: Surrey (board area), North Surrey and Cloverdale. In October 2026, Cloverdale had the highest all-home benchmark at $930,600 and North Surrey the lowest at $637,000, a gap of $293,600. Over twelve months the three-part spread runs Surrey (board area) down 7.0%, North Surrey down 7.2%, Cloverdale down 4.6%.
Surrey (board area) benchmark prices and trends, October 2026
A typical Surrey (board area) home carried an MLS® Home Price Index benchmark of $899,900 in October 2026. That is little changed at −0.7% on the month, down 1.8% over three months, down 4.6% over six months and down 7.0% over the year. Over three years it is down 17.9%, and over five years down 13.6%.
The weakest one-year move in Surrey (board area) was for an apartment homes at −12.2%; the strongest was a townhouse at −4.5%.
The gap between a detached home ($1,288,000) and an apartment ($453,600) is $834,400, and a townhouse ($744,300) sits $290,700 above the apartment benchmark.
Against the Fraser Valley Board area, where the all-home benchmark was $860,000, Surrey (board area) is 4.6% above. Over the year the Fraser Valley Board area moved down 6.4% against down 7.0% here.
Of the 8 areas this board reports, Surrey (board area) ranks 5 by all-home benchmark, with Cloverdale above it at $930,600 and Mission below it at $787,800.
Detached homes in Surrey (board area): benchmark $1,288,000, little changed at −1.2% in a month, down 2.8% in three months, down 6.3% in six months, down 8.9% in a year, down 17.2% in three years and down 11.6% in five. That is 0.4% below the detached benchmark for the Fraser Valley Board area ($1,293,800).
Townhouse homes in Surrey (board area): benchmark $744,300, little changed at −0.7% in a month, little changed at −1.2% in three months, down 3.1% in six months, down 4.5% in a year, down 12.1% in three years and little changed at −1.3% in five. That is 0.3% above the townhouse benchmark for the Fraser Valley Board area ($742,300).
Apartment homes in Surrey (board area): benchmark $453,600, down 1.5% in a month, down 4.3% in three months, down 8.5% in six months, down 12.2% in a year, down 16.9% in three years and little changed at −0.3% in five. That is 1.6% below the apartment benchmark for the Fraser Valley Board area ($460,800).
- All home types$899,900Down 7.0% over 1 year
- Detached$1,288,000Down 8.9% over 1 year
- Townhouse$744,300Down 4.5% over 1 year
- Apartment$453,600Down 12.2% over 1 year
| Home type | Benchmark price | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
|---|---|---|---|---|---|---|---|
| All home types | $899,900 | −0.7% | −1.8% | −4.6% | −7.0% | −17.9% | −13.6% |
| Detached | $1,288,000 | −1.2% | −2.8% | −6.3% | −8.9% | −17.2% | −11.6% |
| Townhouse | $744,300 | −0.7% | −1.2% | −3.1% | −4.5% | −12.1% | −1.3% |
| Apartment | $453,600 | −1.5% | −4.3% | −8.5% | −12.2% | −16.9% | −0.3% |
Source: Fraser Valley Real Estate Board Statistics Package, October 2026 (released November 3, 2026). How these figures are defined and sourced
In dollars, the typical Surrey (board area) home is worth about $67,700 less than in October 2025, when the benchmark was near $967,600. By type, detached homes lost about $125,800, from $1,413,800 to $1,288,000, townhouses lost about $35,100, from $779,400 to $744,300, and apartments lost about $63,000, from $516,600 to $453,600 over those twelve months. Further back, the benchmark was near $943,300 six months ago and near $1,096,100 three years ago, so today's figure sits about $43,400 below the six-month mark and about $196,200 below the three-year mark. Against the Fraser Valley Board area, the Surrey (board area) benchmark is about $39,900 above the regional $860,000; a year earlier the difference was about $48,800 above.
Surrey sales at a glance, past 12 months
Over the past year, 946 Surrey houses sold at a median of $1.3M (middle half $1.1M to $1.53M), half of them within 33 days. 876 condos sold at a median of $435,000 (middle half $370,000 to $515,625), half within 30 days. Quarter by quarter, the median house price eased from $1.34M to $1.24M between November–January and August–October (196 and 246 sales).
Source: Paragon closed and pending sales, November 1, 2025 to October 31, 2026 (how these figures work).
North Surrey benchmark prices and trends, October 2026
A typical North Surrey home carried an MLS® Home Price Index benchmark of $637,000 in October 2026. That is little changed at −0.3% on the month, little changed at −1.2% over three months, down 4.0% over six months and down 7.2% over the year. Over three years it is down 19.4%, and over five years down 18.1%.
The weakest one-year move in North Surrey was for an apartment homes at −10.2%; the strongest was a townhouse at −3.4%.
The gap between a detached home ($1,254,500) and an apartment ($392,300) is $862,200, and a townhouse ($671,000) sits $278,700 above the apartment benchmark.
Against the Fraser Valley Board area, where the all-home benchmark was $860,000, North Surrey is 25.9% below. Over the year the Fraser Valley Board area moved down 6.4% against down 7.2% here.
Of the 8 areas this board reports, North Surrey ranks 8 by all-home benchmark, with Abbotsford above it at $702,800.
Detached homes in North Surrey: benchmark $1,254,500, little changed at +0.2% in a month, little changed at −0.8% in three months, down 4.3% in six months, down 9.8% in a year, down 15.0% in three years and down 11.9% in five. That is 3.0% below the detached benchmark for the Fraser Valley Board area ($1,293,800).
Townhouse homes in North Surrey: benchmark $671,000, little changed at −1.4% in a month, down 2.2% in three months, down 4.6% in six months, down 3.4% in a year, down 14.5% in three years and little changed at +0.4% in five. That is 9.6% below the townhouse benchmark for the Fraser Valley Board area ($742,300).
Apartment homes in North Surrey: benchmark $392,300, down 1.7% in a month, down 3.9% in three months, down 7.3% in six months, down 10.2% in a year, down 20.0% in three years and down 8.6% in five. That is 14.9% below the apartment benchmark for the Fraser Valley Board area ($460,800).
- All home types$637,000Down 7.2% over 1 year
- Detached$1,254,500Down 9.8% over 1 year
- Townhouse$671,000Down 3.4% over 1 year
- Apartment$392,300Down 10.2% over 1 year
| Home type | Benchmark price | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years |
|---|---|---|---|---|---|---|---|
| All home types | $637,000 | −0.3% | −1.2% | −4.0% | −7.2% | −19.4% | −18.1% |
| Detached | $1,254,500 | +0.2% | −0.8% | −4.3% | −9.8% | −15.0% | −11.9% |
| Townhouse | $671,000 | −1.4% | −2.2% | −4.6% | −3.4% | −14.5% | +0.4% |
| Apartment | $392,300 | −1.7% | −3.9% | −7.3% | −10.2% | −20.0% | −8.6% |
Source: Fraser Valley Real Estate Board Statistics Package, October 2026 (released November 3, 2026). How these figures are defined and sourced
The board counted 100 detached, townhouse and apartment sales in North Surrey in October 2026, against active listings of 370 detached, 131 townhouse, 656 apartment at month end.
| Home type | Sales | Active listings | Median sale price | Sales vs a year ago |
|---|---|---|---|---|
| Detached | 39 | 370 | $1,225,000 | +18.2% |
| Townhouse | 9 | 131 | $835,000 | −40.0% |
| Apartment | 52 | 656 | $408,750 | −32.5% |
Source: Fraser Valley Real Estate Board Statistics Package, October 2026 (released November 3, 2026). How these figures are defined and sourced
Set against October 2025, North Surrey had 39 detached sales (33 a year earlier), 9 townhouse sales (15 a year earlier) and 52 apartment sales (77 a year earlier). Month-end active listings were 370 detached (about 439 a year earlier), 131 townhouse (about 134 a year earlier) and 656 apartment (about 731 a year earlier). Dividing sales by active listings gives a sales-to-active ratio of 10.5% for detached, 6.9% for townhouse and 7.9% for apartment.
In dollars, the typical North Surrey home is worth about $49,400 less than in October 2025, when the benchmark was near $686,400. By type, detached homes lost about $136,300, from $1,390,800 to $1,254,500, townhouses lost about $23,600, from $694,600 to $671,000, and apartments lost about $44,600, from $436,900 to $392,300 over those twelve months. Further back, the benchmark was near $663,500 six months ago and near $790,300 three years ago, so today's figure sits about $26,500 below the six-month mark and about $153,300 below the three-year mark. Against the Fraser Valley Board area, the North Surrey benchmark is about $223,000 below the regional $860,000; a year earlier the difference was about $232,400 below.
Cloverdale at a glance, October 2026
Cloverdale had an all-home benchmark of $930,600 (down 4.6% over the year), with detached at $1,326,400, townhouses at $757,900 and apartments at $501,800.
What the Surrey figure is
The $899,900 Surrey (board area) figure is a modelled price for a typical home, not a median, and it comes from Fraser Valley Real Estate Board for October 2026.
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Surrey market stats: your questions answered
What is the benchmark price of a home in Surrey?
In October 2026, a typical Surrey (board area) home was $899,900, with detached at $1,288,000. In October 2026, a typical North Surrey home was $637,000, with detached at $1,254,500. In October 2026, a typical Cloverdale home was $930,600, with detached at $1,326,400.
Are Surrey home prices rising or falling?
Surrey (board area) is down 7.0% over twelve months and down 1.8% over three months. North Surrey is down 7.2% over twelve months and little changed at −1.2% over three months. Cloverdale is down 4.6% over twelve months and little changed at −1.1% over three months.
Can I book a private showing with Jared?
Yes. Jared Gibbons, REALTOR® with Royal LePage Little Oak Realty, books private showings across the Fraser Valley and Metro Vancouver. Call or text 604-928-1361, or use the contact form on this site.
How do I find out what my home is worth?
Jared prepares a home evaluation from recent comparable sales and the condition of your home. Contact him on 604-928-1361 or through the form on this site to arrange one.
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
“Jared made the buying process super easy! He was professional, friendly, and got us a wicked deal. He's honest, pays attention to detail, and works well with other realtors to make sure the transition is smooth and stress free…”
D.G. Google review
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5 out of 5 stars
“10/10 service. Made everything extremely easy on the buyers end. Would highly recommend!”
W.L. 23 Nov 2025 · Google review
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5 out of 5 stars
“As a first time homebuyer, Jared made everything seamless and stress free. He anticipated every need, got me exactly what I wanted at a fair price and was always professional and easy to talk to! 10/10 would recommend to anyone- great service!”
M.K. Google review
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