Surrey Real Estate Market Update – May 2025
Opportunities and Insights in One of BC’s Fastest-Growing Cities
The Surrey real estate market continues to show resilience and opportunity as we move through Spring 2025. Whether you're a buyer looking to take advantage of increased inventory, a seller weighing your timing, or an investor eyeing long-term growth, there's a lot happening in Surrey you should know.
Market Snapshot
According to recent data:
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Average home price: $1,015,108 (?1.4% month-over-month, ?4.2% year-over-year)
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Median days on market: 26 days
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Active listings: 4,702 homes (up 45% from early 2024)
We're currently in a buyer’s market, with a sales-to-active listings ratio around 11%. This gives buyers more negotiation power, especially in areas with new development.
Property Type Breakdown
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Detached Homes: Median price – $1.52M
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Townhomes: Median price – $899K
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Condos: Median price – $569K
Condos and townhomes remain attractive options for first-time buyers and investors, especially near transit corridors and growing neighborhoods like Whalley and Fleetwood.
Infrastructure Is Driving Change
The Surrey-Langley SkyTrain Extension is one of the most significant infrastructure projects in the region. Set to bring eight new stations over 16 kilometers, this extension is already influencing nearby real estate prices and development activity.
Neighborhoods like Fleetwood and Clayton Heights are seeing a surge in interest thanks to transit accessibility, while South Surrey continues to attract upscale buyers looking for quiet, coastal living.
Investment Insight
With interest rates stabilizing and inventory at a decade-high, this could be a prime moment for strategic buyers. Sellers should focus on proper pricing and presentation, as competition is growing.
Rental demand also remains strong, with a low vacancy rate of 1.7% and median rents doubling over the past decade. For those considering rental property investment, this is a promising time — especially for condos near schools, hospitals, and transit lines.
Local Focus: Whalley – A Neighbourhood in Transformation
Whalley is evolving into Surrey’s new urban core. With high-rise developments like 3 Civic Plaza, a growing tech and education hub, and significant public investment, this area is poised to become Surrey’s version of Metrotown or Brentwood.
Final Thoughts
Surrey’s real estate market is not just growing — it’s evolving. With strong fundamentals, government infrastructure spending, and demographic momentum, this city remains one of BC’s most promising real estate landscapes.
Looking to buy, sell, or invest in Surrey?
Stay tuned to our blog for weekly insights, market data, and neighborhood deep-dives — or reach out for personalized advice.