Marpole, Vancouver House Market Report – May 2024

Marpole is a dense and increasingly popular neighbourhood at the southern end of Vancouver, situated along the Fraser River between the Granville Street and Oak Street bridges. Historically one of Vancouver's more affordable westside communities, Marpole is undergoing significant transformation with new condo and townhouse developments attracting young families and first-time buyers who value the combination of the Canada Line's Marine Drive station and the neighbourhood's improving amenity base. Real estate in Marpole ranges from older apartment buildings and character homes to newer concrete condos along Granville Street and Oak Street. The Marine Drive retail strip offers a growing selection of restaurants and services, while the nearby Marpole-Oakridge Community Centre provides recreational programming. YVR is approximately 20 minutes via the Canada Line, making Marpole particularly attractive to airport-area workers and frequent travellers.

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3
Units Sold
$3,195,000
Avg Sold Price
13d
Avg Days on Market
Buyer's Market
Market Condition
286 active at start of month 5 new listings Absorption rate: 1% Highest sold: $3,745,000 Lowest sold: $2,390,000

How Does May 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2024 (this report) 3 $3,195,000 13d
April 2024 month prior 4 -25% $2,843,750 +12.4% 27d -51.9%
May 2023 year ago 3 +0% $2,505,333 +27.5%

3-Year Price Trend — Marpole, Vancouver House

The Marpole, Vancouver house real estate market was a Buyer's Market in May 2024, with 286 active listings at the start of the month, 3 properties sold, an average sold price of $3,195,000, properties averaging 13 days on market, an absorption rate of 1%. 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 Marpole, Vancouver specialist
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Frequently Asked Questions — Marpole, Vancouver May 2024

In May 2024, the Marpole, Vancouver house real estate market is classified as a Buyer's Market with an absorption rate of 1%. 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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