Surrey House Market Report – January 2024

In January 2024, the Surrey house real estate market is classified as a Buyer's Market with an absorption rate of 1.4%. 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.

169 house properties sold in Surrey during January 2024 based on MLS® records. There were 12,193 active listings at the start of the month. A total of 452 new listings came to market during the month.

The average house sold price in Surrey in January 2024 was $1,686,789. Sold prices ranged from $685,000 to $4,420,000. Data is sourced from MLS® board records.

In January 2024, house properties in Surrey averaged 43 days on the market before selling. With an absorption rate of 1.4%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Surrey in January 2024 was $1,686,789, up 5% year-over-year compared to January 2023 ($1,605,779). Sales volume was up 45.7% compared to the same month last year. Data is sourced from MLS® sold records.