Langley Real Estate Market Report
Executive Summary
The Langley, British Columbia real estate market is currently classified as a buyer's market. The MLS composite benchmark price is $954K, down 7.0% year-over-year.
There are currently 1,562 active listings, representing 5.4 months of inventory. According to Fraser Valley Real Estate Board, there were 242 sales and 529 new listings in June 2026. Inventory has increased 148.3% compared to last month.
Currently, listings spend an average of 28 days on market and the average price per square foot is $701.
Board Data vs Our Listings
| Metric | Fraser Valley Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $954K | $970K |
| Active Listings | 1,240 | 1,562 |
| Detached Benchmark | $1.5M | $3.7M |
| Townhouse Benchmark | $813K | $972K |
| Apartment Benchmark | $542K | $583K |
Detached properties make up the largest share of the Langley market at 58% of active listings with an average price of $3.7M. Condo listings follow at 24% (avg $583K).
Sales Activity & Absorption
Volume
Market Signals
Fraser Valley Real Estate Board reported 242 sales this period, 933 new listings appeared in the past month, 391 sellers reduced their asking price.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
At 5.4 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Neighborhoods
| Area | Listings | Avg Price |
|---|---|---|
| Brookswood | 18 | $2.3M |
| The Hive 2 | 16 | $544K |
| Pioneer Park | 11 | $354K |
| Langley Grove Estates | 11 | $342K |
| Union Park | 11 | $663K |
| Murrayville | 9 | $1.9M |
| Kensington Gate | 9 | $740K |
| Latimer Village | 9 | $660K |
| Elements | 8 | $478K |
| The Grove | 8 | $551K |
| Fernridge | 7 | $2.6M |
| Yorkson Park | 6 | $706K |
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 Langley market currently has 1,562 active listings with a median price of $970K and 5.4 months of inventory.
According to Fraser Valley Real Estate Board, the composite benchmark price is $954K (-7.0% year-over-year). There were 242 sales recorded
- Prices declining (-38.3% in 30 days)
- High price reduction rate (25% of listings)
- Low sell-through rate (15%)
- Average price per square foot is $701
- Sold properties averaged -10 days on market
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Fraser Valley Real Estate Board. Prepared by Client Care 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.