New Westminster, BC: Home Prices
What a typical home costs in New Westminster, by property type, as of October 2026. That is the benchmark price the board publishes each month, with a decade of the same month behind it.
Average home price in New Westminster
$792,379
897 homes sold in New Westminster from November 2025 to October 2026, a full year so no slow month can swing it, averaging 42 days on market.
| Property type | Average sale price | Homes sold | Average days on market | Median sale price, October 2026 |
|---|---|---|---|---|
| All homes | $792,379 | 897 | 42 | $626,000 |
| Detached house | $1,487,405 | 171 | 34 | $1,350,000 |
| Townhouse | $897,961 | 91 | 43 | 9 sold that month |
| Apartment / condo | $591,658 | 637 | 45 | $516,000 |
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 of the latest month alone, and it is left out wherever fewer than twelve homes sold that month, because one sale would decide it; the count of homes sold is shown instead. Source: the board’s monthly release. All homes is the board’s own total, as reported. For some months of 2025 its figures by type add up to more than that total, so here the types sum to 899 against 897 for all homes.
New Westminster home prices by property type
Benchmark price for October 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 | $1,347,700 | -0.7% | -9.9% | 15 | 146 | 10.2buyers’ market, 10.3% sold |
| Townhouse | $852,000 | -0.3% | -5.3% | 9 | 60 | 8.1balanced over 12 months |
| Apartment / condo | $565,900 | -2.4% | -9.2% | 57 | 347 | 6.5balanced, 16.4% sold |
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 October 2026. Months of inventory is active listings divided by average monthly sales over the past 12 months, so it will not equal this month’s active listings divided by this month’s sales. The reading under it comes from the month’s sales as a share of active listings, the boards’ own convention (under 12% a buyers’ market, over 20% a sellers’ market), with the 12-month pace standing in when a month has fewer than ten sales.
New Westminster home prices, 2016 to 2026
The benchmark price each October, a decade back. Same month every year, so the comparison carries no seasonal distortion.
| October | Detached | Townhouse | Apartment |
|---|---|---|---|
| 2016 | $1,046,800 | $529,300 | $374,000 |
| 2017 | $1,163,700 | $646,500 | $480,600 |
| 2018 | $1,142,100 | $681,500 | $527,800 |
| 2019 | $1,066,000 | $640,700 | $494,500 |
| 2020 | $1,190,000 | $678,100 | $521,400 |
| 2021 | $1,416,000 | $807,800 | $572,400 |
| 2022 | $1,505,700 | $913,200 | $621,900 |
| 2023 | $1,551,600 | $950,500 | $660,000 |
| 2024 | $1,605,500 | $948,100 | $649,800 |
| 2025 | $1,495,600 | $899,400 | $623,000 |
| 2026 | $1,347,700 | $852,000 | $565,900 |
Over those 10 years detached moved from $1,046,800 to $1,347,700 — +28.7%, townhouse moved from $529,300 to $852,000 — +61.0%, and apartment moved from $374,000 to $565,900 — +51.3%.
Build your own New Westminster chart with every property type and metric the board publishes, back to 2000.
Where to go from here
Common questions about New Westminster prices
- What is the average home price in New Westminster?
- $792,379, averaged across the 897 homes that sold in New Westminster from November 2025 to October 2026.
- How long does it take to sell a home in New Westminster?
- 42 days on market on average across 897 sales, November 2025 to October 2026. That is the time from listing to an accepted offer, not to completion.
- What is the benchmark price for a house in New Westminster?
- The benchmark price for a detached house in New Westminster is $1,347,700 as of October 2026, -9.9% 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 New Westminster?
- The benchmark price for a townhouse in New Westminster is $852,000 as of October 2026, -5.3% over the year.
- How much is a condo in New Westminster?
- The benchmark price for an apartment or condo in New Westminster is $565,900 as of October 2026, -9.2% over the year.
- Have home prices gone up in New Westminster over the last ten years?
- Between 2016 and 2026, detached moved from $1,046,800 to $1,347,700 (+28.7%), townhouse moved from $529,300 to $852,000 (+61.0%), apartment moved from $374,000 to $565,900 (+51.3%). Each figure is the benchmark price for the same calendar month, so the comparison carries no seasonal distortion.
- Is New Westminster a buyers' or sellers' market?
- As of October 2026, detached sales were 10.3% of active listings (a buyers’ market), townhouse sold too few homes in the month to call; over 12 months sales averaged 12.3% of active listings (a balanced market), apartment sales were 16.4% of active listings (a balanced market). Boards call under 12% a buyers’ market and over 20% a sellers’ market.
How to read these numbers
The Home Price Index (HPI) benchmark is the measure of typical home value in a defined market, mix-adjusted to control for the property types selling that month. Unlike a median, it compares like to like: a benchmark detached home this month against the same benchmark home last month, which is what makes month-over-month and year-over-year comparisons meaningful.
Months of inventory is active listings divided by average monthly sales over the past 12 months. Under 3 months is a strong sellers’ market, 3 to 5 is balanced and tilting toward sellers, 5 to 8 is balanced, and 8 or more is a buyers’ market. Both metrics are aggregate; specific property types and price bands can read differently.
Benchmarks are aggregate figures: a specific property may transact above or below depending on lot, condition, age and the active buyer pool. Use the benchmark as the trend line, not the listing price. Source: Greater Vancouver REALTORS® monthly board release. Deemed reliable but not guaranteed.
Also
Buying or selling in New Westminster?
I’d be glad to represent you as your REALTOR®. You can reach me at bronson@bronsonjob.com.