Chilliwack Real Estate Market Report
Executive Summary
Eyal PevznerLocal expert · ChilliwackThe Chilliwack, British Columbia real estate market is currently classified as a balanced market. The Chilliwack & District MLS® HPI benchmark price is $734K, down 3.6% year-over-year (regional benchmark; Chilliwack does not have a separate board benchmark).
There are currently 1,050 active listings, representing 6.3 months of inventory. 487 properties have sold in the past 90 days at a median sold price of $690K. Inventory has increased 36.2% compared to last month.
Currently, listings spend an average of 77 days on market and the average price per square foot is $473.
Detached properties make up the largest share of the Chilliwack market at 50% of active listings with an average price of $1.3M. Condo listings follow at 31% (avg $358K).
Sales Activity & Absorption
Volume
Market Signals
168 properties sold in the past 30 days, 277 new listings appeared in the past month, 36 sellers reduced their asking price.
Market Balance
Months of Inventory
With 6.3 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Sardis South | 146 | $849K |
| Chilliwack Proper East | 124 | $668K |
| Chilliwack Proper South | 118 | $577K |
| Chilliwack Proper West | 107 | $549K |
| Promontory | 98 | $1.0M |
| Eastern Hillsides | 83 | $1.3M |
| Garrison Crossing | 71 | $642K |
| Sardis West Vedder | 55 | $632K |
| Chilliwack Mountain | 41 | $1.0M |
| Sardis East Vedder | 40 | $868K |
| Vedder Crossing | 31 | $561K |
| Fairfield Island | 29 | $966K |
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Chilliwack market currently has 1,050 active listings with a median price of $729K and 6.3 months of inventory.
- High inventory (6.3 months) favors buyers
- Prices rising (2.7% in 30 days)
- Low price reduction rate (3% of listings)
- Slow-moving market (77 avg days on market)
- Average price per square foot is $473
- Sold properties averaged -1 days on market
Data sourced from BCRES active and sold listings. Metrics computed from listing data updated daily, with benchmark statistics from Chilliwack & District · CREA MLS® HPI. Prepared by Eyal Pevzner with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.