Songhees residential real estate market — Jun 2026

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

As of the latest data, Songhees is a balanced market. There are about 6.0 months of inventory — 4 to 7 months is considered balanced. Around 0.0% of townhomes sold above asking, and the typical sale closed at 96.9% of list price.

How much does a townhome cost in Songhees?

The median sold price for a townhome in the Songhees neighbourhood is $1.16M. The average sold price is $1.2M. That works out to roughly $623 per square foot.

Are townhomes in Songhees selling over asking?

0.0% of townhomes that sold in the Songhees neighbourhood closed above their list price. The typical home sold at 96.9% of asking — just under list.

How long do townhomes take to sell in Songhees?

Half of the townhomes that sold in the Songhees neighbourhood went under contract within about 30 days — the median days on market. That is a moderate pace.

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

It depends which side you are on. With about 6.0 months of inventory, the Songhees neighbourhood is roughly balanced between buyers and sellers. Conditions are even-handed: townhomes take about 30 days to sell, so both sides have room to negotiate on price and terms.

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

Across the past two years, sales activity in the Songhees neighbourhood has been strongest in February 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 townhomes are for sale in Songhees?

As of the latest data there are 2 active townhome listings in the Songhees neighbourhood. Over the period, 9 new listings came to market and 4 sold, which is about 6.0 months of inventory at the current sales pace.

Do townhomes in Songhees sell for more than their assessed value?

The typical home in the Songhees neighbourhood sold at 100.9% 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.