The Fraser Valley Real Estate Board recently published the MLS® statistics for the Mission real estate market, among others, for March 2025.
In this post, we’re going to take a close look at key numbers for the Mission townhouse market for March 2025 – including sales, new listings, active listings, as well as benchmark, median and average prices for townhouses for sale in Mission.
We're also going to see what kind of shape the townhouse market in Mission was in for the month – whether it was a buyer's market, a balanced market, or a seller's market.
If not for the economic uncertainty driven largely by U.S. tariffs, we'd likely be seeing a typical strong spring market in the Fraser Valley. Instead, we're seeing a disconnect as sellers remain hesitant to lower their prices beyond a certain threshold, while buyers, facing tighter financing conditions, are either unable or unwilling to meet it. The resulting inertia is keeping sales low.
Tore Jacobsen – President, Fraser Valley Real Estate Board
And we're going to look at how the Mission MLS® numbers for March 2025 compare with the numbers for March 2024 and for February 2025.
Highlights of FVREB MLS® Data on Mission Townhouse Listings and Sales
Here's a high-level snapshot of listing and sales activity for Mission townhouses in March 2025.
- 6 Sales
- 17 New Listings
- 42 Active listings
- $668,500 Benchmark Price
- $709,900 Median Price
- $670,283 Average Price
The sales-to-active-listings ratio netted out a market absorption rate of 14.29%, indicating that it was a Balanced Market for townhouses in Mission in March 2025 (click on the link learn more about local housing market ratios on the BC Real Estate Association blog).
Please note: If you want the most accurate and up-to-date data on Mission MLS® listing and sales activity for townhouses, you need to speak with a real estate agent.
Mission Townhouse Market Changes
Following are some of the highlights for townhouses for sale in Mission in March 2025:
- There were 6 townhouse sales in Mission in March 2025 – a decrease of -40.00% over March 2024 and an increase of 100.00% over February 2025
- There were 17 new listings of townhouses in Mission in March 2025 – an increase of 70.00% over March 2024 and an increase of 70.00% over February 2025
- The average price of a townhouse in Mission in March 2025 was $670,283 – a decrease of -8.73% over March 2024 and a decrease of -13.84% over February 2025
If you're really keen to understand what happened in the market for townhouse in Mission in March 2025, make sure you check out the next section.
Detailed Overview of the Market for Townhouses in Mission
Check out the table below for more detailed information on what happened in the Mission townhouse market in March 2025 and see how it compares with the previous year and previous month.
Mission Townhouse Stats
| Metric | Mar 2025 | Mar 2024 | % Change | Feb 2025 | % Change |
|---|---|---|---|---|---|
| Sales | 6 | 10 | -40.00% | 3 | 100.00% |
| New Listings | 17 | 10 | 70.00% | 10 | 70.00% |
| Active Listings | 42 | 26 | 61.54% | 36 | 16.67% |
| Benchmark Price | $668,500 | $662,300 | 0.94% | $664,700 | 0.57% |
| Median Price | $709,900 | $720,450 | -1.46% | $799,000 | -11.15% |
| Average Price | $670,283 | $734,430 | -8.73% | $777,966 | -13.84% |
Disclaimer
All of the data for the monthly real estate market updates are taken directly from the MLS® statistics packages that the Fraser Valley Real Estate Board publishes every month.
Although rare, errors and omissions may happen from time to time. If you want to be absolutely certain the you have the most accurate data, we encourage you to click on the link to the latest MLS® statistics for the Mission real estate market.
Or, better still, speak directly with a real estate agent who specializes in Mission townhouses who will be able to provide you with the most accurate, up to the minute information on – and insights into – the Mission real estate market.