Surrey Condo Market Report – February 2023

Q: How many homes sold in Surrey in February 2023?

197 condo properties sold in Surrey during February 2023 based on MLS® records. There were 4,188 active listings at the start of the month. A total of 270 new listings came to market during the month.

Q: What is the average home price in Surrey?

The average condo sold price in Surrey in February 2023 was $523,297. Sold prices ranged from $285,000 to $925,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Surrey?

In February 2023, condo properties in Surrey averaged 29 days on the market before selling. With an absorption rate of 4.7%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Surrey market changed compared to last year?

The average condo sold price in Surrey in February 2023 was $523,297, down 11.8% year-over-year compared to February 2022 ($592,995). Sales volume was down 39% compared to the same month last year. Data is sourced from MLS® sold records.

Surrey is an active condo market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Surrey based on MLS® data.

← January 2023 Next month →

197

Units Sold

$523,297

Avg Sold Price

29d

Avg Days on Market

Buyer's Market

Market Condition

4,188 active at start of month 270 new listings Absorption rate: 4.7% Highest sold: $925,000 Lowest sold: $285,000

How Does February 2023 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
February 2023 (this report)	197	$523,297	29d
January 2023 month prior	111 +77.5%	$526,769 -0.7%	41d -29.3%
February 2022 year ago	323 -39%	$592,995 -11.8%	—

3-Year Price Trend — Surrey Condo

The Surrey condo real estate market was a Buyer's Market in February 2023, with 4,188 active listings at the start of the month, 197 properties sold, an average sold price of $523,297, properties averaging 29 days on market, an absorption rate of 4.7%. All data is sourced from MLS® sold records.

Recently Sold in Surrey

19530 65 Avenue

Sold $542,000

2 bd • 2 ba • Apartment

15155 36 Avenue

Sold $1,425,000

5 bd • 5 ba • Apartment

16396 64 Avenue

Sold $412,000

1 bd • 1 ba • Apartment

13838 108 Avenue

Sold $395,000

1 bd • 1 ba • Apartment

9668 148 Street

Sold $405,000

1 bd • 1 ba • Apartment

12155 75a Avenue

Sold $555,000

2 bd • 2 ba • Apartment

Active Listings in Surrey

1720 Southmere Crescent

$429,000

2 bd • 1 ba • Apartment

16068 83 Avenue

$474,888

2 bd • 2 ba • Apartment

14355 103 Avenue

$459,000

2 bd • 2 ba • Apartment

13768 100 Avenue

$439,000

1 bd • 1 ba • Apartment

13339 102a Avenue

$610,000

2 bd • 2 ba • Apartment

14605 Mcdougall Drive

$599,999

2 bd • 2 ba • Apartment

Top Buildings in Surrey

Passages

1,126 units

Thind Towers

1,026 units

Infinity 2

900 units

University District

753 units

King George Hub - Tower 3

738 units

King George Hub One

738 units

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Surrey specialist

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Related: Surrey Condo Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Surrey February 2023

Is it a good time to buy in Surrey? −

In February 2023, the Surrey condo real estate market is classified as a Buyer's Market with an absorption rate of 4.7%. 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.

How many homes sold in Surrey in February 2023? +

What is the average home price in Surrey? +

How long are homes sitting on the market in Surrey? +

How has the Surrey market changed compared to last year? +

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.