Central Abbotsford, Abbotsford House Market Report – May 2023

Central Abbotsford is the urban core of Abbotsford, BC, and the geographic and commercial heart of the Fraser Valley's largest city. The area surrounds the Abbotsford City Centre and includes a mix of older established homes, newer townhouse developments, and a growing number of condo and mixed-use projects driven by the University of the Fraser Valley campus and transit upgrades. Mill Lake Park provides a beautiful central green space for the community. Highway 11 and South Fraser Way offer convenient road connections to Mission, Langley, and the Trans-Canada Highway. Central Abbotsford appeals to students, young professionals, investors, and families who want walkable urban amenities at price points that remain well below comparable Metro Vancouver communities.

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24
Units Sold
$1,204,366
Avg Sold Price
13d
Avg Days on Market
Buyer's Market
Market Condition
461 active at start of month 48 new listings Absorption rate: 5.2% Highest sold: $2,375,000 Lowest sold: $657,500

How Does May 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2023 (this report) 24 $1,204,366 13d
April 2023 month prior 19 +26.3% $1,088,200 +10.7% 29d -55.2%
May 2022 year ago 11 +118.2% $1,305,818 -7.8%

3-Year Price Trend — Central Abbotsford, Abbotsford House

The Central Abbotsford, Abbotsford house real estate market was a Buyer's Market in May 2023, with 461 active listings at the start of the month, 24 properties sold, an average sold price of $1,204,366, properties averaging 13 days on market, an absorption rate of 5.2%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Central Abbotsford, Abbotsford specialist
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Frequently Asked Questions — Central Abbotsford, Abbotsford May 2023

In May 2023, the Central Abbotsford, Abbotsford house real estate market is classified as a Buyer's Market with an absorption rate of 5.2%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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