Chilliwack Real Estate Market Report
Executive Summary
Dan BraunLocal expert · ChilliwackThe Chilliwack, British Columbia real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $736K, down 3.6% year-over-year.
There are currently 1,081 active listings, representing 6.7 months of inventory. 449 properties have sold in the past 90 days at a median sold price of $715K. Inventory has increased 142.4% compared to last month.
Currently, listings spend an average of 28 days on market and the average price per square foot is $441.
Board Data vs Our Listings
| Metric | Chilliwack & District (MLS® HPI) | Our Listings |
|---|---|---|
| Benchmark / Median Price | $736K | $729K |
| Active Listings | 1,081 | 1,081 |
| Detached Benchmark | $900K | $1.4M |
| Townhouse Benchmark | $609K | $590K |
| Apartment Benchmark | $416K | $355K |
Detached properties make up the largest share of the Chilliwack market at 54% of active listings with an average price of $1.4M. Condo listings follow at 25% (avg $355K).
Sales Activity & Absorption
Volume
Market Signals
161 properties sold in the past 30 days, 635 new listings appeared in the past month, 317 sellers reduced their asking price.
Market Balance
Months of Inventory
With 6.7 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 |
|---|---|---|
| Mountainview Lane | 19 | $459K |
| Andmar | 15 | $537K |
| Cedarbrook | 9 | $794K |
| Malloway Village | 8 | $851K |
| Selomas | 7 | $228K |
| The Robson | 7 | $434K |
| Emerald Ridge | 6 | $1.3M |
| The York Residences | 6 | $496K |
| The Vibe | 6 | $328K |
| Promontory Lake Estates | 6 | $652K |
| Parkside Homes At Iron Horse | 6 | $1.3M |
| Osprey Ridge | 5 | $699K |
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
This is currently a buyer's market with more negotiating power for purchasers. The Chilliwack market currently has 1,081 active listings with a median price of $729K and 6.7 months of inventory.
According to Chilliwack & District (MLS® HPI), the composite benchmark price is $736K (-3.6% year-over-year).
- High inventory (6.7 months) favors buyers
- Prices declining (-11.1% in 30 days)
- High price reduction rate (29% of listings)
- Low sell-through rate (12%)
- Average price per square foot is $441
- Sold properties averaged -11 days on market
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Chilliwack & District (MLS® HPI). Prepared by Dan Braun with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 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.