Hospital residential real estate market — Jun 2026

Is Hospital a buyer's or seller's market?

As of the latest data, Hospital is a seller's market. There are about 2.7 months of inventory — under 4 months typically favours sellers. Around 17.2% of homes sold above asking, and the typical sale closed at 98.2% of list price.

How much does a home cost in Hospital?

The median sold price for a home in the Hospital neighbourhood is $825K, down 4.3% from a year ago. The average sold price is $779K. That works out to roughly $569 per square foot.

Are homes in Hospital selling over asking?

17.2% of homes that sold in the Hospital neighbourhood closed above their list price. The typical home sold at 98.2% of asking — just under list. Among the homes that sold over asking, the median premium was +$5k over asking.

How long do homes take to sell in Hospital?

Half of the homes that sold in the Hospital neighbourhood went under contract within about 27 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Hospital?

Median sold prices in the Hospital neighbourhood are down 4.3% year over year, at $825K. Currently 20.4% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Hospital?

It depends which side you are on. With about 2.7 months of inventory, the Hospital neighbourhood favours sellers. Sellers have leverage, with homes moving in around 27 days and 17.2% selling over asking — buyers should be ready to act quickly and expect competition.

What is the best time of year to sell a home in Hospital?

Across the past two years, sales activity in the Hospital neighbourhood has been strongest in November and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many homes are for sale in Hospital?

As of the latest data there are 10 active home listings in the Hospital neighbourhood. Over the period, 48 new listings came to market and 29 sold, which is about 2.7 months of inventory at the current sales pace.

Do homes in Hospital sell for more than their assessed value?

The typical home in the Hospital neighbourhood sold at 100.7% of its BC-assessed value — about 1% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.