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Mission Townhouse Market Update April 2024

Home » Market Updates » Mission Townhouse Market Update April 2024

The Fraser Valley Real Estate Board recently published the MLS® statistics for the Mission real estate market, among others, for April 2024.

In this post, we’re going to take a close look at key numbers for the Mission townhouse market for April 2024 – 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.

We are seeing a relatively calm and balanced market right now. Which means buyers have time to shop around and purchase a home without the pressure of a few years ago, and while prices are holding fairly steady across all property types.

Jeff Chadha – President, Fraser Valley Real Estate Board

And we're going to look at how the Mission MLS® numbers for April 2024 compare with the numbers for April 2023 and for March 2024.

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 April 2024.

  • 14 Sales
  • 21 New Listings
  • 32 Active listings
  • $684,500 Benchmark Price
  • $699,900 Median Price
  • $667,371 Average Price

The sales-to-active-listings ratio netted out a market absorption rate of 43.75%, indicating that it was a Seller's Market for townhouses in Mission in April 2024 (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 April 2024:

  • There were 14 townhouse sales in Mission in April 2024 – an increase of 40.00% over April 2023 and an increase of 40.00% over March 2024
  • There were 21 new listings of townhouses in Mission in April 2024 – an increase of 50.00% over April 2023 and an increase of 110.00% over March 2024
  • The average price of a townhouse in Mission in April 2024 was $667,371 – a decrease of -7.49% over April 2023 and a decrease of -9.13% over March 2024

If you're really keen to understand what happened in the market for townhouse in Mission in April 2024, 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 April 2024 and see how it compares with the previous year and previous month.

Mission Townhouse Stats

Metric Apr 2024 Apr 2023 % Change Mar 2024 % Change
Sales 14 10 40.00% 10 40.00%
New Listings 21 14 50.00% 10 110.00%
Active Listings 32 25 28.00% 26 23.08%
Benchmark Price $684,500 $642,900 6.47% $676,500 1.18%
Median Price $699,900 $727,500 -3.79% $720,450 -2.85%
Average Price $667,371 $721,400 -7.49% $734,430 -9.13%

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.

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