Market data
Fraser Valley, BC — Home Prices
What a typical home costs in Fraser Valley as of August 2026 — detached at $1,319,600, townhouse at $750,600 and apartment at $466,100. Each is the board’s benchmark price, with the month’s change, sales and inventory below.
Average house price in Fraser Valley
$941,843
Across the 10,331 homes that sold in Fraser Valley from September 2025 to August 2026, averaging 39 days on market. A full year of sales, so one quiet month cannot move it.
Market snapshot · August 2026
Fraser Valley · HPI Benchmark
Benchmark price
$870K
Month over month
-0.9%
Year over year
-7.2%
Sales (month)
809
Active listings
6,797
Months of inventory
7.9
Fraser Valley Real Estate Board / Greater Vancouver REALTORS composite Home Price Index (HPI) — the industry-standard measure of typical home value, adjusted for property mix. Easing supply (buyers gain leverage).
See the Fraser Valley HPI chart on Market Insights
Source: Fraser Valley Real Estate Board · Real Estate Board of Greater Vancouver. Composite (all property types). HPI benchmarks are aggregate measures — specific properties may transact above or below.
Average house price in Fraser Valley
What homes actually sold for, September 2025 to August 2026. A full year of sales rather than one month, so a slow month cannot swing the number.
| Property type | Average sale price | Homes sold | Average days on market | Median sale price, August 2026 |
|---|---|---|---|---|
| All homes | $941,843 | 10,331 | 39 | $800,000 |
| Detached house | $1,425,698 | 4,182 | 44 | $1,220,000 |
| Townhouse | $784,035 | 3,115 | 38 | $735,000 |
| Apartment / condo | $508,443 | 3,142 | 44 | $475,000 |
The average is every sale price over the period divided by the number of sales, weighted month by month. The median is the middle sale, and it is shown for a single month only where fewer than twelve homes sold, one sale decides it. Source: the board’s monthly release.
Fraser Valley home prices by property type
Benchmark price for August 2026, with how it moved over the month and over the year, and the supply and demand behind it.
| Property type | Benchmark price | Over the month | Over the year | Sales | Active listings | Months of inventory |
|---|---|---|---|---|---|---|
| Detached house | $1,319,600 | -1.2% | -8.4% | 330 | 3,141 | 9.2buyers’ territory |
| Townhouse | $750,600 | -0.9% | -7.1% | 246 | 1,554 | 6.0balanced |
| Apartment / condo | $466,100 | -0.7% | -8.9% | 234 | 2,096 | 8.0buyers gaining |
A benchmark is the board’s modelled typical home of that type, not an average of what sold — so a month with few sales still has one. Sales and active listings are counts for August 2026.
Fraser Valley home prices, 2016 to 2026
The benchmark price each August, a decade back. Same month every year, so the comparison carries no seasonal distortion.
| August | Detached | Townhouse | Apartment |
|---|---|---|---|
| 2016 | $923,500 | $454,800 | $246,800 |
| 2017 | $1,001,100 | $529,600 | $319,500 |
| 2018 | $1,017,400 | $589,100 | $393,100 |
| 2019 | $961,400 | $558,700 | $367,000 |
| 2020 | $1,047,200 | $580,200 | $384,800 |
| 2021 | $1,370,000 | $722,800 | $450,600 |
| 2022 | $1,504,600 | $839,000 | $533,900 |
| 2023 | $1,527,800 | $845,700 | $547,800 |
| 2024 | $1,523,300 | $846,300 | $543,400 |
| 2025 | $1,439,900 | $807,800 | $511,600 |
| 2026 | $1,319,600 | $750,600 | $466,100 |
Over those 10 years detached moved from $923,500 to $1,319,600 — +42.9%, townhouse moved from $454,800 to $750,600 — +65.0%, and apartment moved from $246,800 to $466,100 — +88.9%.
Detached house — 10-year chart · Townhouse — 10-year chart · Apartment / condo — 10-year chart
Common questions about Fraser Valley prices
- What is the average house price in Fraser Valley?
- $941,843, averaged across the 10,331 homes that sold in Fraser Valley from September 2025 to August 2026. By type: detached $1,425,698, townhouse $784,035, apartment $508,443. A full year of sales rather than a single month, so one quiet month cannot move it.
- How long does it take to sell a home in Fraser Valley?
- 39 days on market on average across 10,331 sales, September 2025 to August 2026. That is the time from listing to an accepted offer, not to completion.
- What is the benchmark price for a house in Fraser Valley?
- The benchmark price for a detached house in Fraser Valley is $1,319,600 as of August 2026, -8.4% over the year. The benchmark is the board's modelled typical home of that type, not an average of what sold.
- How much is a townhouse in Fraser Valley?
- The benchmark price for a townhouse in Fraser Valley is $750,600 as of August 2026, -7.1% over the year.
- How much is a condo in Fraser Valley?
- The benchmark price for an apartment or condo in Fraser Valley is $466,100 as of August 2026, -8.9% over the year.
- Have home prices gone up in Fraser Valley over the last ten years?
- Between 2016 and 2026, detached moved from $923,500 to $1,319,600 (+42.9%), townhouse moved from $454,800 to $750,600 (+65.0%), apartment moved from $246,800 to $466,100 (+88.9%). Each figure is the benchmark price for the same calendar month, so the comparison carries no seasonal distortion.
- Is Fraser Valley a buyers' or sellers' market?
- As of August 2026, detached sits at 9.2 months of inventory (buyers’ territory), townhouse sits at 6.0 months of inventory (balanced), apartment sits at 8.0 months of inventory (buyers gaining). Four months or less typically reads as sellers' territory, four to six balanced, six to eight buyers gaining leverage, and over eight buyers' territory.
How to read these numbers
The Home Price Index (HPI) benchmark is the industry-standard measure of typical home value in a defined market, mix-adjusted to control for the property types selling that month. Unlike a simple median, the HPI compares like to like — a benchmark detached home in Fraser Valley this month versus the same benchmark home last month. That makes it the right metric for month-over-month and year-over-year comparisons.
Months of inventory (MOI) divides active listings by recent monthly sales — under 4 typically reads as a sellers’ market, 4 to 6 balanced, over 6 buyers’. Sales-to-active ratio is the inverse framing; the FVREB and REBGV both publish it. Both metrics are aggregate; specific property types and price bands can read differently than the composite.
HPI benchmarks are aggregate figures — a specific property in Fraser Valley may transact above or below the benchmark depending on lot, condition, age, and the active buyer pool. Use the benchmark as the trend line, not the listing price.
Also on Fraser Valley
