Chilliwack & District Real Estate Market Report - May 2026

Chilliwack & District (MLS® HPI) — May 2026

In May 2026, the Chilliwack & District real estate market shows a composite benchmark price of $736,000, reflecting a 3.6% decrease from the same month last year. The market remains balanced, indicating stable conditions for both buyers and sellers.

Market Analysis

The Chilliwack & District market continues to exhibit balanced conditions, with a composite benchmark price of $736,000 in May 2026, up from $733,000 in April 2026. This slight increase suggests a steadying trend in pricing, despite the year-over-year decline of 3.6%. The absence of sales and listing data for the current month indicates a potential stabilization in market activity, which may be influenced by seasonal trends or buyer sentiment.

Property Type Analysis

In terms of property types, the benchmark price for detached homes stands at $899,800, while attached/townhouse properties are priced at $609,000, and apartments at $416,100. Although sales data is not available for May 2026, the pricing trends suggest that detached homes continue to command a premium, reflecting ongoing demand in this segment despite the overall market price decline.

Regional Highlights

The Chilliwack & District region has experienced fluctuations in property values over the past year, with the current benchmark price of $736,000 indicating a slight recovery from April's $733,000. Compared to May 2025, when the benchmark was $763,100, the current figures highlight a broader trend of price adjustments in the region, likely influenced by economic factors and shifts in buyer preferences.

For Buyers

For prospective buyers, the current balanced market presents an opportunity to negotiate favorable terms. With a slight decrease in benchmark prices year-over-year, buyers may find better value in their investments, particularly in the detached and townhouse segments, where prices remain relatively high.

For Sellers

Sellers should be mindful of the current market dynamics and the 3.6% year-over-year price decline. Pricing properties competitively and being prepared for negotiations can enhance the chances of a successful sale in this balanced market, where buyers are more discerning.