Terrace, BC Real Estate
Home prices, sales activity and neighbourhood rankings for Terrace — prices moved +5.9% in 2026.
Avg. house price
$527,355
Market trends
How Terrace home prices are moving
Yearly averages from assessment records and recorded sales across the city.
Average price
Houses: $527,355
| Year | Houses |
|---|---|
| 2020 | $382,540 |
| 2021 | $387,805 |
| 2022 | $445,671 |
| 2023 | $473,375 |
| 2024 | $477,482 |
| 2025 | $497,684 |
| 2026 | $527,355 |
Year-over-year change
House + Condo, all neighbourhoods
| House + Condo | |
|---|---|
| 2020 | +19.4% |
| 2021 | +0.5% |
| 2022 | +15.1% |
| 2023 | +7.4% |
| 2024 | +0.8% |
| 2025 | +4.2% |
| 2026 | +5.9% |
The typical home
Average size of Terrace homes
Houses
Beds
3.0
Baths
2.0
Living area
1,445 sqft
Condos
Beds
2.0
Baths
2.0
Living area
1,376 sqft
Honestdoor services
Buying or selling in Terrace?
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For only $500, Honestdoor can list your home for sale by owner (FSBO) on REALTOR.ca and the MLS®, helping you reach more buyers and save on real estate commission fees.
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Terrace Real Estate Market Report
If you're looking to navigate the Terrace real estate landscape, Honestdoor's comprehensive Terrace real estate market report is your go-to resource. Whether you're a buyer, seller, or investor, staying informed about the latest real estate stats and trends is crucial. Our report offers a deep dive into the Terrace housing market, providing you with the data and insights you need to make informed decisions.
Key Highlights of the Terrace Housing Market
At Honestdoor, explore up-to-date statistics on the housing market in Terrace, including average home prices, sales volumes, listings, and market trends. Our detailed analysis helps you understand the fluctuations and dynamics of the real estate market in Terrace, giving you a clear picture of what to expect.
Top Terrace Neighbourhoods and Recent Activity
Our report also features an overview of the top-performing neighbourhoods in Terrace, offering insights into where the market is hottest. Discover where homes are selling quickly, which areas are seeing the most development, and where the best investment opportunities lie. Stay informed with Honestdoor's list of recently sold properties and recent permits in Terrace. This section provides a snapshot of real-time activity in the Terrace real estate market, helping you gauge market momentum and property prices in different neighbourhoods.
Why the Terrace Real Estate Market Report Matters
Whether you're tracking the Terrace housing market to buy your next home, sell your property, or invest in real estate, our report equips you with the essential information you need. With detailed Terrace stats, trends, MLS listings, and neighbourhood insights, you'll be well-prepared to make confident decisions in this dynamic market. Stay ahead with Honestdoor's report and explore the opportunities awaiting you in Terrace’s vibrant housing market.