Surrey, Surrey - September 2026 Real Estate Report

Surrey Real Estate Right Now: Steady, But Don't Sleep On It

If you've been watching the "For Sale" signs in Surrey and wondering what's actually going on with prices, here's the honest version. The market isn't on fire, but it isn't falling apart either. It's taking a breather - and that window matters if you're thinking about making a move.

The Vibe: Houses vs. Condos

Let's break down what's happening for us locally, depending on what you own.

Houses

If you own a house in Surrey, your property is holding its ground - but the momentum has softened. The average HonestDoor Price sits at $1,435,718, which is down 1.18% from the previous period. That's not a crash. That's a nudge. The 3-month moving average on predicted market value is $1,455,103, and the current predicted value of $1,453,624 is just slightly below that - so we're seeing a gentle drift, not a drop.

• Average HonestDoor Price: $1,435,718
• Recent price change: -1.18%
• Predicted market value: $1,453,624
• Average sale price (2026): $918,333
• Price per square foot: $514
• Estimated monthly rent: $5,301
• Rental yield: 4.36%
• Properties sold in 2026: 3
• Neighbourhood growth rank: 13 out of 46 in Surrey - above average

That growth rank is worth paying attention to. Sitting 13th out of 46 comparable neighbourhoods puts Surrey houses in the top tier for growth in the city. On price rank, we sit 35th out of 45 - meaning houses here are priced below most of Surrey. That combination - above average growth, below average price - is exactly what buyers look for. If you're a seller, that's your pitch.

For context, nearby West Newton is averaging an HonestDoor Price of $1,508,615, which is higher than ours. East Panorama Ridge comes in at $1,346,586 and South Newton at $1,167,202 - both cheaper, and both growing slower at -0.05% and -0.06% respectively. Surrey houses are sitting in a solid middle ground.

Condos

The condo picture is a bit different. We're seeing a slight uptick - the average HonestDoor Price for condos is $641,430, up 0.56% from the previous period. That's a small but positive move in a market where a lot of condo segments are flat or sliding.

• Average HonestDoor Price: $641,430
• Recent price change: +0.56%
• Predicted market value: $637,881
• Average sale price: $575,000
• Price per square foot: $531
• Estimated monthly rent: $3,075
• Rental yield: 3.57%
• Properties sold in 2026: 1
• Growth rank: 20 out of 44 in Surrey - above average
• Price rank: 7 out of 27 - above average in price

Condos here rank 7th out of 27 on price in Surrey - that means we're in the upper tier. And at 20th out of 44 for growth, we're still above the midpoint on the neighbourhood leaderboard. Compare that to West Newton condos at $549,383 - Surrey condos are priced higher and, for buyers who want to be in this pocket of the city, that premium is holding.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's something most Surrey homeowners don't realize. Your city assessment is a snapshot from the past - it's calculated on data that can be many months old by the time it lands in your mailbox. The average assessed value for houses in Surrey is $1,386,073. The average HonestDoor Price is $1,435,718. That's a gap of roughly $49,645 - and that's the real-world difference between what the government thinks your home is worth and what the market is actually doing right now.

The HonestDoor Price updates in real time using current sales data, market trends, and local comparables. It's not a guess. It's a live read on your home's value. With 1,736 properties assessed in Surrey this year, the city is working off a wide dataset - but it's still a static number. Your HonestDoor Price moves with the market. That matters whether you're selling, refinancing, or just keeping tabs on your biggest asset.

The "So What?": Thinking About Selling This Summer?

Here's the straight talk for anyone considering listing this summer.

The market in Surrey is not surging, but it's not retreating either. Houses are sitting above average on the neighbourhood growth leaderboard - 13th out of 46 - and priced below most of Surrey, which means there's a real argument for value here. Buyers who've been priced out of West Newton or other pricier pockets are looking at neighbourhoods like ours. That's traffic you want at your open house.

For condo owners, the 0.56% uptick in HonestDoor Price is a small green flag. With only 1 condo sale recorded so far in 2026, inventory is tight - and tight inventory in an above-average price-ranked neighbourhood can work in a seller's favour.

The rental numbers also tell a story for anyone on the fence. Houses are pulling an estimated $5,253 per month in rent with a 4.36% yield. If selling doesn't feel right yet, holding and renting is a legitimate play. But if you do want to sell, the gap between your assessed value and your HonestDoor Price means you could be leaving nearly $50,000 on the table if you price off the wrong number.

Check your HonestDoor Price before you do anything else. That's the number that reflects what's actually happening on the street - not what a government form says from six months ago.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.