Market data
South Surrey, BC — Home Prices
What a typical home costs in South Surrey as of August 2026 — detached at $1,649,200, townhouse at $820,300 and apartment at $550,800. Each is the board’s benchmark price, with the month’s change, sales and inventory below.
Average house price in South Surrey
$1,169,786
Across the 1,670 homes that sold in South Surrey from September 2025 to August 2026, averaging 42 days on market. A full year of sales, so one quiet month cannot move it.
Market snapshot · August 2026
South Surrey · HPI Benchmark
Benchmark price
$1.01M
Month over month
-0.1%
Year over year
-7.2%
Sales (month)
133
Active listings
1,177
Months of inventory
8.5
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. Soft supply (buyers’ territory).
See the South Surrey 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 South Surrey
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 | $1,169,786 | 1,670 | 42 | $872,000 |
| Detached house | $1,888,810 | 623 | 50 | $1,623,524 |
| Townhouse | $893,330 | 494 | 44 | $855,000 |
| Apartment / condo | $655,321 | 563 | 46 | $552,500 |
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.
South Surrey 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 | $1,649,200 | +0.1% | -7.5% | 48 | 584 | 11.4buyers’ territory |
| Townhouse | $820,300 | -1.7% | -11.1% | 33 | 281 | 6.9buyers gaining |
| Apartment / condo | $550,800 | +0.7% | -6.2% | 52 | 312 | 6.7buyers 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.
South Surrey 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 | $1,459,000 | $626,400 | $315,500 |
| 2017 | $1,466,400 | $651,500 | $387,800 |
| 2018 | $1,409,900 | $691,200 | $445,500 |
| 2019 | $1,281,600 | $645,200 | $437,300 |
| 2020 | $1,381,300 | $670,600 | $442,200 |
| 2021 | $1,702,000 | $831,600 | $519,700 |
| 2022 | $1,925,900 | $939,200 | $606,500 |
| 2023 | $1,976,200 | $977,400 | $630,500 |
| 2024 | $1,954,200 | $971,200 | $622,000 |
| 2025 | $1,782,200 | $922,500 | $587,000 |
| 2026 | $1,649,200 | $820,300 | $550,800 |
Over those 10 years detached moved from $1,459,000 to $1,649,200 — +13.0%, townhouse moved from $626,400 to $820,300 — +31.0%, and apartment moved from $315,500 to $550,800 — +74.6%.
Detached house — 10-year chart · Townhouse — 10-year chart · Apartment / condo — 10-year chart
Common questions about South Surrey prices
- What is the average house price in South Surrey?
- $1,169,786, averaged across the 1,670 homes that sold in South Surrey from September 2025 to August 2026. By type: detached $1,888,810, townhouse $893,330, apartment $655,321. 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 South Surrey?
- 42 days on market on average across 1,670 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 South Surrey?
- The benchmark price for a detached house in South Surrey is $1,649,200 as of August 2026, -7.5% 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 South Surrey?
- The benchmark price for a townhouse in South Surrey is $820,300 as of August 2026, -11.1% over the year.
- How much is a condo in South Surrey?
- The benchmark price for an apartment or condo in South Surrey is $550,800 as of August 2026, -6.2% over the year.
- Have home prices gone up in South Surrey over the last ten years?
- Between 2016 and 2026, detached moved from $1,459,000 to $1,649,200 (+13.0%), townhouse moved from $626,400 to $820,300 (+31.0%), apartment moved from $315,500 to $550,800 (+74.6%). Each figure is the benchmark price for the same calendar month, so the comparison carries no seasonal distortion.
- Is South Surrey a buyers' or sellers' market?
- As of August 2026, detached sits at 11.4 months of inventory (buyers’ territory), townhouse sits at 6.9 months of inventory (buyers gaining), apartment sits at 6.7 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 South Surrey 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 South Surrey 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.
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