In March 2025, the Eastern Fraser Valley real estate market demonstrates varied but generally balanced conditions, with notable exceptions in certain sectors.
Overall Market Insights
Across Abbotsford, Chilliwack and Area, and Langley, balanced market conditions prevail, characterized by moderate inventory levels and steady demand.
Langley remains especially vibrant with swift sales activity, indicating consistent desirability among buyers, particularly for single-family homes and townhomes.
Mission, however, distinctly presents a buyer’s market, experiencing slower sales coupled with notably higher-than-average inventory levels, signaling increased opportunities for negotiation.
Throughout the region, inventory levels have climbed well above historical averages—up approximately 26% in Chilliwack and Area and nearly 70% in Mission—while sales remain significantly below seasonal norms. If this pattern of rising supply and reduced buyer activity continues, it could signal a shift toward more widespread buyer's market conditions in the months ahead.
Median prices across all regions remain stable, showing modest annual increases, reinforcing sustained market confidence despite the shifts in inventory and sales dynamics.
Overall, the Eastern Fraser Valley real estate market in March 2025 offers balanced conditions with opportunities tailored to both buyers and sellers, depending on the specific local dynamics within each community.
Summary
- Balanced Market Conditions prevail across Abbotsford, Chilliwack and Area, and Langley.
- Buyer's Market Conditions are prominent in Mission, presenting opportunities for potential buyers.
- Median prices reflect stability and modest growth across the regions, signaling continued market confidence.
ABBOTSFORD
Market Summary:
Abbotsford's market shows increased activity with rising inventory across all home types. Single Family Homes (SFH) remain balanced, townhomes continue to attract buyers, and condos maintain stable demand.
Key Statistics:
- All Types: Median Price $802,000 (+7.65% vs last month, +9.86% vs last year)
- SFH: Median Price $1,170,000 (+6.88% vs last month, +11.23% vs last year)
- Townhomes: Median Price $651,000 (+0.93% vs last month, +0.72% vs last year)
- Condos: Median Price $420,000 (+0.69% vs last month, +2.47% vs last year)
Historical Inventory and Sales Comparison (March 2025):
- Inventory: 1,060 units (+51.7% above 5-Year Avg: 699 units, +45.2% above 10-Year Avg: 730 units)
- Sales: 136 units (-56.8% below 5-Year Avg: 315 units, -55.0% below 10-Year Avg: 302 units)
- Current Months of Inventory (MOI): 7.79 = Balanced Market
CHILLIWACK
Market Summary:
Chilliwack and Area experienced robust market conditions, especially in Single Family Homes and Townhomes, reflecting strong buyer demand balanced with healthy supply levels.
Key Statistics:
- All Types: Median Price $720,000 (+1.42% vs last month, -5.88% vs last year)
- SFH: Median Price $908,500 (+0.00% vs last month, -2.10% vs last year)
- Townhomes: Median Price $625,000 (+0.03% vs last month, -4.60% vs last year)
- Condos: Median Price $360,750 (+1.62% vs last month, -11.69% vs last year)
Historical Inventory and Sales Comparison (March 2025):
- Inventory: 1,181 units (+25.7% above 5-Year Avg: 939 units, +26.1% above 10-Year Avg: 936 units)
- Sales: 232 units (-37.7% below 5-Year Avg: 373 units, -33.1% below 10-Year Avg: 347 units)
- Months of Inventory (MOI): 5.09 (Balanced Market)
LANGLEY
Market Summary:
Langley's real estate market remains vibrant, highlighted by strong activity in Single Family Homes and Townhomes. Condos also showed consistent performance.
Key Statistics:
- All Types: Median Price $838,000 (-2.55% vs last month, -6.37% vs last year)
- SFH: Median Price $1,598,500 (+11.17% vs last month, +3.95% vs last year)
- Townhomes: Median Price $862,500 (-0.86% vs last month, +2.05% vs last year)
- Condos: Median Price $557,500 (+0.45% vs last month, -4.31% vs last year)
Historical Inventory and Sales Comparison (March 2025):
- Inventory: 1,458 units (+61.3% above 5-Year Avg: 904 units, +69.4% above 10-Year Avg: 861 units)
- Sales: 277 units (-34.8% below 5-Year Avg: 425 units, -29.5% below 10-Year Avg: 393 units)
- Months of Inventory (MOI): 5.26 (Balanced Market)
MISSION
Market Summary:
Mission continues to provide affordability, but market dynamics reflect slower sales pace and higher inventory, especially impacting townhomes and condos.
Key Statistics:
- All Types: Median Price $1,040,000 (+4.79% vs last month, +24.55% vs last year)
- SFH: Median Price $1,045,000 (-1.65% vs last month, +1.82% vs last year)
- Townhomes: Median Price $709,900 (-11.21% vs last month, +9.81% vs last year)
- Condos: Median Price $534,000 (+19.24% vs last month, +4.26% vs last year)
Historical Inventory and Sales Comparison (March 2025):
- Inventory: 552 units (+61.4% above 5-Year Avg: 342 units, +69.7% above 10-Year Avg: 325 units)
- Sales: 51 units (-44.7% below 5-Year Avg: 92 units, -44.8% below 10-Year Avg: 92 units)
- Months of Inventory (MOI): 10.82 (Buyer's Market)
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