Fraser Heights, Surrey Townhouse Market Report – May 2024

Fraser Heights is one of Surrey's most desirable upscale neighbourhoods, situated in the northwest corner of the city on a plateau overlooking the Fraser River. Developed largely in the 1990s, the community is known for its spacious executive homes, winding tree-lined streets, and strong sense of neighbourhood pride. Real estate in Fraser Heights consists primarily of detached single-family homes ranging from well-maintained older builds to contemporary custom residences. Fraser Heights Secondary School and several sought-after elementary schools make the area a magnet for families prioritizing education. The neighbourhood provides easy access to Highway 1, the Port Mann Bridge, and the Pattullo Bridge, making commutes to Burnaby, Vancouver, and Coquitlam manageable. With its quiet residential character, generous lot sizes, and proximity to parks and recreational amenities, Fraser Heights consistently ranks among Surrey's top choices for families seeking space, quality, and community.

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3
Units Sold
$923,967
Avg Sold Price
5d
Avg Days on Market
Buyer's Market
Market Condition
122 active at start of month 7 new listings Absorption rate: 2.5% Highest sold: $993,000 Lowest sold: $799,000

How Does May 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2024 (this report) 3 $923,967 5d
April 2024 month prior 2 +50% $1,051,250 -12.1% 33d -84.8%
May 2023 year ago 4 -25% $1,113,438 -17%

3-Year Price Trend — Fraser Heights, Surrey Townhouse

The Fraser Heights, Surrey townhouse real estate market was a Buyer's Market in May 2024, with 122 active listings at the start of the month, 3 properties sold, an average sold price of $923,967, properties averaging 5 days on market, an absorption rate of 2.5%. 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 Fraser Heights, Surrey specialist
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Frequently Asked Questions — Fraser Heights, Surrey May 2024

In May 2024, the Fraser Heights, Surrey townhouse real estate market is classified as a Buyer's Market with an absorption rate of 2.5%. 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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