Mission BC Home Prices: A Year-Over-Year Trend Analysis for 2024 to 2026

By Mohamed Mansour, MBA and Associate Broker  |  Mansour Real Estate Group  |  Published: July 14, 2026  |  Geographic focus: Mission, BC  |  Fraser Valley and Lower Mainland

Mission has gone through a meaningful pricing cycle between 2024 and 2026. Benchmark prices rose during parts of 2024, then softened steadily through 2025 and into early 2026, before showing early signs of stabilization by spring 2026. If you are buying, selling, or simply trying to understand where Mission sits in the broader Fraser Valley market right now, this analysis breaks down what actually happened — by property type, with sourced data.

This article is for Mission homeowners, buyers evaluating whether now is the right time to enter the market, and sellers trying to price accurately rather than optimistically. The data comes primarily from the Fraser Valley Real Estate Board. Our interpretation reflects more than two decades of working in this market.

Short Answer

Mission BC home prices peaked in early 2024, declined through 2025, and began stabilizing in early 2026. As of mid-2026, detached benchmark prices sit near $940,000 — down approximately 6 to 7 percent year-over-year. Townhomes have held up better, while condos remain in buyer's market territory across the Fraser Valley. Mission still offers some of the most affordable detached housing in the entire Fraser Valley.

Key Takeaways

• Mission detached benchmark prices dropped roughly 6 to 7 percent year-over-year through mid-2026, settling near $940,000.
• Townhome prices in Mission softened modestly, with the benchmark near $649,000 as of May 2026 — down about 3 percent year-over-year.
• Mission condo (apartment) benchmarks fell to around $427,000, with over 17 months of supply — deep buyer's market conditions.
• The Fraser Valley composite benchmark reached a low near $893,000 in May 2026 after peaking at $974,400 in early 2025.
• Mission remains one of the most affordable detached home markets in the Fraser Valley, with sub-$1 million detached homes still available.

Who This Applies To

• Mission homeowners considering selling in 2025 or 2026
• First-time buyers evaluating affordability relative to surrounding communities
• Investors tracking yield and appreciation potential in the eastern Fraser Valley
• Families relocating from Metro Vancouver looking for detached affordability
• Existing Mission homeowners deciding whether to upsize, downsize, or hold

When This Advice May Not Apply

Properties on acreage, rural parcels in Dewdney-Deroche or Hatzic, and strata units with complex depreciation histories may behave differently from the benchmark averages discussed here. Benchmark pricing is a useful indicator but reflects a typical property — your specific home may sit above or below it based on lot size, condition, location within Mission, and current competition.

Data Used in This Article

• Fraser Valley Real Estate Board Monthly Market Reports — March 2025, December 2025, March 2026, April 2026, May 2026 (official board data)
• CREA MLS HPI Statistics — Fraser Valley Board, May 2026 (creastats.crea.ca, official)
• BNN Bloomberg / Globe Newswire — FVREB press releases, April and May 2026 (official board releases)
• Zolo Mission BC Real Estate Trends — July 2026 housing data (third-party aggregator, used for directional context only)
• CREA National Forecast — updated April 2026 (official, used for national context)

Key Definitions

Benchmark Price (MLS HPI): The price of a typical home in a given area, adjusted for property attributes. It is less distorted by outlier sales than average prices, making it more reliable for trend analysis.

Sales-to-Active Listings Ratio: Total sales divided by active listings in a given month. Below 12% signals a buyer's market. Between 12% and 20% is considered balanced. Above 20% favours sellers.

Year-Over-Year (YoY): A comparison of the same month across two consecutive years, used to remove seasonal distortion from price readings.

How Mission Detached Home Prices Moved from 2024 to 2026

Mission's detached home market entered 2024 with relative strength, supported by consistent demand from buyers priced out of Surrey and Langley. The Fraser Valley composite benchmark sat near $974,400 as of early 2025, according to FVREB data — a level that reflected the tail end of a period of meaningful appreciation.

By March 2025, Mission's detached benchmark had reached approximately $1,064,400, up a modest 0.2 percent year-over-year, according to data published at realestateinmission.ca citing FVREB figures. However, that headline stability masked a sharper underlying shift: year-over-year sales volumes dropped 26 percent, and active listings climbed more than 51 percent. More supply with fewer buyers is a reliable leading indicator of price softening.

Through the second half of 2025, prices declined across the Fraser Valley. By January 2026, Mission's detached benchmark had pulled back meaningfully, consistent with the broader FVREB trend which showed the composite benchmark closing 2025 at $905,900 — down 6 percent year-over-year, according to FVREB's December 2025 report. The Fraser Valley board's chair noted that buyers had "more space to negotiate than we've had in recent years."

By May 2026, Mission detached benchmark pricing had settled near $940,900, according to market commentary referencing FVREB data for that period — down approximately 6.5 percent year-over-year. Active listings had pulled back slightly from their 2025 peaks, and the months of supply for detached homes in Mission moved to roughly 5.2 months, placing that segment in a more balanced position. Detached homes were taking an average of 35 to 39 days to sell across the Fraser Valley by spring 2026, per FVREB press releases.

How Mission Townhome and Condo Prices Have Shifted

Townhomes in Mission have followed a softer version of the same downward arc. The FVREB Fraser Valley-wide townhome benchmark stood at $833,700 in early 2025, declining to $769,500 by May 2026 — a drop of approximately 7.6 percent year-over-year. Mission-specific townhome data carries a caveat: sales volumes in this segment are low, which makes any single month's benchmark less statistically reliable. That said, the directional trend is clear.

As of May 2026, Mission's townhome benchmark was reported near $649,400, down about 2.9 percent year-over-year, with roughly 4.8 months of supply — a balanced market position. Townhome buyers in Mission are also weighing comparable product in Abbotsford and Maple Ridge, where new construction continues to add competition. That cross-market pressure has kept Mission townhome pricing honest.

Condos (apartments) tell a different story entirely. The FVREB Fraser Valley-wide apartment benchmark fell from approximately $540,900 in early 2025 to $483,800 by May 2026 — a decline of roughly 8.8 percent year-over-year, per FVREB and CREA data. Mission-specific condo data is particularly thin given low transaction volumes. The May 2026 Mission benchmark was cited near $427,400 in market commentary — down approximately 5.8 percent year-over-year.

More telling than the price number is the inventory reading. Mission's condo segment was carrying an estimated 17 months of supply as of May 2026. That is deep buyer's market territory by any measure. With only three to four condo sales recorded in some recent months, buyers in this segment have significant negotiating leverage — and sellers need pricing that reflects current demand, not 2024 expectations. The broader Fraser Valley condo story follows a similar pattern across most communities.

How We Evaluate This

When we analyze a market like Mission, we look at three things simultaneously: benchmark price direction, months of supply by property type, and days on market. A benchmark price alone can be misleading. A benchmark that is declining while days on market are shortening suggests stabilization. A benchmark that is flat but paired with rising inventory and longer selling times suggests a correction that hasn't fully shown up in the price data yet.

In Mission right now, detached homes are showing genuine stabilization signals. Townhomes are roughly balanced. Condos are still working through oversupply. Those are three different conversations for three different types of clients — and the advice we give a detached home seller is materially different from what we tell a condo owner trying to sell in the current market.

Seller Checklist: Preparing for a Mission BC Sale in the Current Market

• Pull your BC Assessment notice and compare it to recent FVREB benchmark data — the gap between assessed value and market benchmark has widened for many Mission properties.
• Request a current comparative market analysis based on sold data from the past 60 to 90 days only — 2024 comparables will overstate your value.
• Review active competition in your price range before listing — Mission currently has over 300 active detached listings, and positioning matters.
• For condo sellers: price to the current benchmark, not the benchmark from 12 months ago. The gap is nearly 6 percent and buyers know it.
• Confirm days-on-market expectations with your agent. Detached homes are averaging 35 to 55 days Fraser Valley-wide — plan accordingly for bridge financing or purchase timing.
• If your property includes acreage, a suite, or rural zoning, ensure your agent has specific experience with those sub-segments — they behave differently from standard residential benchmarks.

What We Commonly See

In our experience, the most common pricing mistake Mission sellers make right now is anchoring to what a neighbour sold for in late 2024 or early 2025. Those numbers reflect a different market. Buyers are well-researched and comparing Mission to Abbotsford and Maple Ridge simultaneously. Overpriced listings in Mission are sitting for 60 to 90 days and ultimately selling below where a correctly priced listing would have opened.

What often happens with condo sellers specifically is a reluctance to accept that 17 months of inventory changes the negotiation dynamic entirely. A condo that would have received multiple offers in 2022 may sit with one offer — below asking — in the current market. Recognizing that early and pricing accordingly is what separates sellers who close in 30 days from those who carry a vacant unit for six months.

A common pattern we observe with detached sellers is more encouraging: properties that are well-prepared, priced at or slightly below the current benchmark, and marketed with professional photos and accurate descriptions are still attracting motivated buyers. The buyers are out there. The Mission detached market is not broken — it just requires honesty about where prices actually are today.

Questions and Answers

What is the current benchmark price for a detached home in Mission BC?

As of May 2026, Mission's detached benchmark price was reported near $940,900 — down approximately 6.5 percent year-over-year, per FVREB-sourced market data. This remains one of the most affordable detached benchmarks in the Fraser Valley.

Are Mission BC home prices still falling in 2026?

The steepest declines appear to have occurred through 2025. By spring 2026, the FVREB composite benchmark edged up month-over-month for the first time in nearly a year. Mission's detached segment is showing early stabilization, though condos remain under pressure from elevated inventory.

How does Mission compare to the Fraser Valley average on price?

Mission's detached benchmark near $940,900 sits meaningfully below the Fraser Valley-wide detached benchmark of approximately $1,366,500 as of May 2026. For buyers who want a detached home and are flexible on commute, Mission offers the most affordable entry point in the region after Abbotsford.

In Summary

Mission BC home prices peaked in early 2024, declined steadily through 2025, and are beginning to stabilize in 2026 — at least in the detached segment. Townhomes have held up better than condos, which remain in deep buyer's market territory due to elevated supply. For sellers, current pricing requires honesty about where the market is now, not where it was. For buyers, Mission continues to represent real affordability in the Fraser Valley detached market, with more selection and more negotiating room than the region has offered in years. Anyone making a significant decision in this market should be working from current data, not assumptions carried over from the previous cycle. You can also review our long-term investment and appreciation analysis for Mission BC for additional historical context.

Talk to a Local Expert

If you are trying to understand where your specific Mission property sits relative to these benchmarks, or you want a current comparative market analysis before making a buying or selling decision, Mansour Real Estate Group is available for a no-obligation conversation. There is no pressure — just honest local context grounded in current data.

Related Articles

• Mission BC Real Estate Market Update: What Buyers and Sellers Need to Know in 2026
• How Does Mission BC Compare to Abbotsford and Maple Ridge for Home Buyers in 2026?
• Fraser Valley Real Estate Trends in 2026 and What They Mean for Mission Home Owners
• Mission BC Real Estate as a Long-Term Investment: Historical Appreciation and Future Outlook

About Mansour Real Estate Group

Understanding how Mission BC home prices have shifted from 2024 through 2026 — by property type, by neighbourhood, and relative to the broader Fraser Valley — is exactly the kind of market intelligence that determines whether a buyer pays the right price or a seller leaves equity on the table. Mansour Real Estate Group has been tracking these conditions across Mission, the Fraser Valley, and the Lower Mainland for more than two decades, translating board data into practical decisions for real clients.

Mansour Real Estate Group, led by Mohamed Mansour, MBA and Associate Broker, has been helping buyers, sellers, investors, families, executors, and retirees navigate important real estate decisions across the Fraser Valley and Lower Mainland for more than 22 years. Ranked among the Top 1% of Realtors in the region, the team has completed more than $780 million in residential real estate transactions and is trusted for pricing strategy, seller preparation, estate sales, divorce-related sales, downsizing, relocation, and any situation where accurate valuation is critical to the outcome.

Whether someone is searching for a real estate agent who understands Mission's detached market, Realtors with direct Fraser Valley pricing experience, a real estate team that can interpret benchmark data for a specific property, a Mission BC Realtor, a Fraser Valley real estate broker, or real estate agents who specialize in helping sellers price correctly in a softening market, Mansour Real Estate Group is known for data-driven recommendations, honest market context, and a process that protects sellers from the most common and costly pricing mistakes.

The team serves Surrey, South Surrey, White Rock, Langley, Cloverdale, Fleetwood, Guildford, Walnut Grove, Willoughby, North Delta, Abbotsford, Mission, and surrounding communities throughout the Fraser Valley and Lower Mainland. Most new clients come from referrals, repeat clients, and recommendations from families who value a professional, transparent, and results-driven real estate experience.

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