Chilliwack's real estate market experienced a substantial downturn in October 2025 compared to the previous year. Sales volume saw a significant decrease, indicating a cooling market trend. This decline is accompanied by a slight drop in average home prices and an increase in available inventory, suggesting a shift in favor of buyers.
Key Takeaways
- Sales Volume Decline: A 25.8% decrease in home sales was recorded in October 2025 compared to October 2024.
- Average Price Drop: The average price of a sold home fell by 5.3% year-over-year.
- Increased Inventory: The number of homes available for sale rose by 8.3%.
October Sales Figures
In October 2025, the Chilliwack and District Real Estate Board reported a total of 178 units sold. This represents a notable decrease of 25.8% when compared to the 240 units sold during the same month in 2024. This sharp decline in transaction volume points to a significant slowdown in market activity.
Average Home Prices
While the benchmark price index is typically used by the local board, the B.C. Real Estate Association (BCREA) tracks the average sale price for all units. According to BCREA data, the average price for a home sold in the Chilliwack area in October 2025 was $739,510. This figure is 5.3% lower than the average price recorded in October 2024, suggesting that homes are not only selling less frequently but also for slightly less money.
Growing Inventory
Adding to the market shift, the number of homes available for purchase in the Chilliwack area has also increased. In October 2025, there were 1,267 homes listed for sale, an 8.3% rise from the 1,170 units available in October 2024. This increase in supply, coupled with decreased demand, could contribute to further price adjustments in the coming months.
