Surrey Housing Market: July 2026

Surrey has 6,287 homes on the market right now, and the median list price sits at $1,055,000. That number covers everything from a $125,000 entry to a $60,000,000 outlier, so the headline figure tells only part of your story. What matters more is what you can actually buy in your range. Detached houses run a median of $1,629,000, condos $509,900, townhouses $799,900. Come in knowing your band and you will move faster than most.

With 6,287 active listings and only 945 new ones added in the past 30 days, the balance of choice sits with you. That gap matters. When a market carries this much standing inventory against a thin flow of fresh arrivals, sellers feel the pressure of competing against thousands of comparable homes. Use that. The 1,426 homes priced between $1M and $1. 5M form the deepest band, which means a buyer in that range has real substitutes to point to when a price feels high. Fewer options exist above $2. 5M, where 584 homes are listed, so your negotiating room narrows as you climb. Match your offer to what the comparable count supports. A home surrounded by rivals gives you grounds to hold firm on price and terms, and the current depth of supply hands you that footing across most of Surrey.

Pick your band and pull the comparables this week. If you are shopping the $500K to $750K range, you have 1,213 listings to sort, so build a shortlist and let the weaker ones compete against each other. Buyers looking at condos should factor the $405 median strata fee into every monthly number, not just the $509,900 price. New construction is 21. 6 percent of what is listed, so decide early whether you want a 2005-era median build or something current. Then get an agent to run the sold data behind these active figures. That is the one step that turns 6,287 listings into a decision you can defend.