Surrey Townhouse Market Report – July 2024

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

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176
Units Sold
$863,405
Avg Sold Price
27d
Avg Days on Market
Buyer's Market
Market Condition
7,236 active at start of month 493 new listings Absorption rate: 2.4% Highest sold: $1,500,000 Lowest sold: $283,000

How Does July 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
July 2024 (this report) 176 $863,405 27d
June 2024 month prior 194 -9.3% $882,057 -2.1% 22d +22.7%
July 2023 year ago 236 -25.4% $874,186 -1.2%

3-Year Price Trend — Surrey Townhouse

The Surrey townhouse real estate market was a Buyer's Market in July 2024, with 7,236 active listings at the start of the month, 176 properties sold, an average sold price of $863,405, properties averaging 27 days on market, an absorption rate of 2.4%. 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 Surrey specialist
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Frequently Asked Questions — Surrey July 2024

In July 2024, the Surrey townhouse real estate market is classified as a Buyer's Market with an absorption rate of 2.4%. 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.

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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