Langley Real Estate Market Report
Executive Summary
Brian SuicoLocal expert · LangleyThe Langley, British Columbia real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $956K, down 6.3% year-over-year.
There are currently 1,479 active listings, representing 5.8 months of inventory. 807 properties have sold in the past 90 days at a median sold price of $860K. Inventory has increased 43.9% compared to last month.
Currently, listings spend an average of 73 days on market and the average price per square foot is $673.
Board Data vs Our Listings
| Metric | Fraser Valley Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $956K | $950K |
| Active Listings | 1,479 | 1,479 |
| Detached Benchmark | $1.5M | $3.5M |
| Townhouse Benchmark | $811K | $964K |
| Apartment Benchmark | $534K | $534K |
Detached properties make up the largest share of the Langley market at 60% of active listings with an average price of $3.5M. Condo listings follow at 31% (avg $534K).
Sales Activity & Absorption
Volume
Market Signals
256 properties sold in the past 30 days, 462 new listings appeared in the past month, 42 sellers reduced their asking price.
Market Balance
Months of Inventory
At 5.8 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 |
|---|---|---|
| Willoughby Heights | 545 | $1.2M |
| Langley City | 275 | $846K |
| Brookswood Langley | 153 | $2.4M |
| Aldergrove Langley | 118 | $1.3M |
| Walnut Grove | 102 | $1.1M |
| Salmon River | 74 | $2.5M |
| Murrayville | 60 | $1.3M |
| Campbell Valley | 58 | $3.6M |
| Fort Langley | 43 | $2.8M |
| Otter District | 31 | $2.0M |
| County Line Glen Valley | 19 | $4.4M |
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 Langley market currently has 1,479 active listings with a median price of $950K and 5.8 months of inventory.
According to Fraser Valley Real Estate Board, the composite benchmark price is $956K (-6.3% year-over-year).
- Prices declining (-9.5% in 30 days)
- Low price reduction rate (3% of listings)
- Slow-moving market (73 avg days on market)
- Average price per square foot is $673
- 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 Fraser Valley Real Estate Board. Prepared by Brian Suico with AI assistance, reviewed by our team.
Monthly Reports Archive
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.