Is Greater Victoria a buyer's or seller's market?

As of the latest data, Greater Victoria is a balanced market. There are about 4.5 months of inventory — 4 to 7 months is considered balanced. Around 14.8% of houses sold above asking, and the typical sale closed at 97.7% of list price.

How much does a house cost in Greater Victoria?

The median sold price for a house in Greater Victoria is $1.2M, down 1.0% from a year ago. The average sold price is $1.37M. That works out to roughly $535 per square foot.

Are houses in Greater Victoria selling over asking?

14.8% of houses that sold in Greater Victoria closed above their list price. The typical home sold at 97.7% of asking — just under list. Among the homes that sold over asking, the median premium was +$21k over asking.

How long do houses take to sell in Greater Victoria?

Half of the houses that sold in Greater Victoria went under contract within about 28 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Greater Victoria?

Median sold prices in Greater Victoria are down 1.0% year over year, at $1.2M. Currently 19.7% 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 Greater Victoria?

It depends which side you are on. With about 4.5 months of inventory, Greater Victoria is roughly balanced between buyers and sellers. Conditions are even-handed: houses take about 28 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 Greater Victoria?

Across the past two years, sales activity in Greater Victoria has been strongest in May 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 houses are for sale in Greater Victoria?

As of the latest data there are 1,050 active house listings in Greater Victoria. Over the period, 5,576 new listings came to market and 2,766 sold, which is about 4.5 months of inventory at the current sales pace.

Do houses in Greater Victoria sell for more than their assessed value?

The typical home in Greater Victoria sold at 101.8% of its BC-assessed value — about 2% 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.

Greater Victoria Real Estate Market Stats

Name: Greater Victoria Houses (Single-Family) Market — 12 months to September 2026
Creator: 8X Real Estate
License: https://creativecommons.org/licenses/by/4.0/

trend explorer

How the market moved

interactive 24-mo series

Median sale price· 12 monthsGreater Victoria

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Vertical axis does not start at zero.

Greater Victoria

market state

The current Greater Victoria snapshot

single family

price

Sale-to-assessed: 101.8%
−1.0 pts 1Y
n = 2,731 sales · Oct '25–Sep '26
Median price: $1.2M
−1.0% 1Y
n = 2,759 sales · Oct '25–Sep '26
Average price: $1.37M
+1.1% 1Y
n = 2,759 sales · Oct '25–Sep '26
Price per sq ft: $535/sqft
−1.4% 1Y
n = 2,756 sales · Oct '25–Sep '26

demand side

Sales · period: 2,766
−10.4% 1Y
Oct '25–Sep '26
Median days on market: 28days
+4.3% 1Y
n = 2,759 sales · Oct '25–Sep '26
Sale-to-list ratio: 97.7%
−0.3 pts 1Y
n = 2,759 sales · Oct '25–Sep '26
Over-asking rate: 14.8%
−3.2 pts 1Y
n = 2,759 sales · Oct '25–Sep '26
407 of 2759 sales
median +$21k over asking

supply side

Active listings · now: 1,050
−7.2% 1Y
Oct '25–Sep '26
New listings: 5,576
+3.1% 1Y
Oct '25–Sep '26
Months of inventory: 4.5mo
−0.1% 1Y
Oct '25–Sep '26
Price reductions: 19.7%
+1.5 pts 1Y
Oct '25–Sep '26

Repliers MLS · BC Assessment · 8X derived · pooled over October 2025 – September 2026 · figures below 10 sales carry no percentage change

price

Sale-to-assessed: 101.8%
−1.0 pts 1Y
n = 2,731 sales · Oct '25–Sep '26
Median price: $1.2M
−1.0% 1Y

by municipality

Across the region

13 municipalities median single family

macro context

The backdrop

always at native resolution

mortgage money

What borrowing costs

BC · 5-yr term weekly capture · not live

rental market

What it rents for

Victoria CMA asking rents

No rental data yet

Asking rents and vacancy for the Victoria CMA will land here once the feed is wired. Nothing is estimated in the meantime.

Full methodology & metric definitions

Greater Victoria houses sold prices & market statistics — September 2026

In September 2026, Greater Victoria houses had a median sold price of $1,180,000 across 176 sales. Houses sold in a median of 28 days on market, at 97.8% of list price and 99.5% of assessed value. The average sold price was $1,326,292.

Greater Victoria — Houses: sold-price statistics by period (ending September 2026)
Period	Sales	Median price	Average price	Median days on market	Sale-to-list	Sale-to-assessed	Sold over asking	Median vs prior period	Median vs year ago
Month September 2026	176	$1,180,000	$1,326,292	28 days	97.8%	99.5%	13.6%	—	—
3 months Jul–Sep 2026	692	$1,199,950	$1,355,758	33 days	97.4%	100.7%	12.9%	—	—
6 months Apr–Sep 2026	1580	$1,199,000	$1,363,455	27 days	97.7%	101.8%	15.1%	—	—
12 months Oct 2025–Sep 2026	2759	$1,198,000	$1,370,386	28 days	97.7%	101.8%	14.8%	—	—
Year to date Jan–Sep 2026	2126	$1,200,000	$1,376,111	26 days	97.8%	102.2%	15.8%	—	—

Greater Victoria sales by quarter

Quarter	Sales	Average price	Median price
Q3 2026	699	$1,352,599	$1,199,950
Q2 2026	888	$1,369,453	—
Q1 2026	546	$1,412,735	—
Q4 2025	633	$1,351,157	—
Q3 2025	741	$1,356,349	—
Q2 2025	948	$1,371,975	—
Q1 2025	728	$1,372,987	—
Q4 2024	669	$1,305,880	—

Greater Victoria sales by year

Year	Sales	Average price
2025	3050	$1,364,100

Greater Victoria sold prices by month

Month	Sales	Median price	Average price	Median days on market	Sale-to-list	Sale-to-assessed
Sep 2026	183	$1,165,000	$1,315,357	28	97.8%	99.8%
Aug 2026	240	$1,198,000	$1,357,979	33	97.5%	100.7%
Jul 2026	276	$1,200,000	$1,372,615	36	97.2%	101.9%
Jun 2026	300	$1,155,444	$1,328,773	25	97.8%	101.8%
May 2026	325	$1,215,000	$1,379,953	23	98.1%	102.8%
Apr 2026	263	$1,210,000	$1,402,882	21	98.1%	103.9%
Mar 2026	241	$1,220,000	$1,439,678	21	98.3%	103.1%
Feb 2026	170	$1,225,000	$1,400,569	25	97.7%	103.0%
Jan 2026	135	$1,170,000	$1,379,958	40	97.8%	103.6%
Dec 2025	137	$1,180,000	$1,315,348	42	97.2%	98.6%
Nov 2025	197	$1,175,000	$1,323,840	35	97.3%	103.0%
Oct 2025	299	$1,174,900	$1,385,563	35	97.2%	100.7%
Sep 2025	246	$1,190,000	$1,354,343	33	97.3%	101.5%
Aug 2025	228	$1,167,500	$1,368,373	35	97.5%	102.9%
Jul 2025	267	$1,218,000	$1,347,930	28	97.6%	102.7%
Jun 2025	320	$1,187,250	$1,377,513	24	98.2%	103.8%
May 2025	335	$1,220,000	$1,325,220	21	98.7%	104.7%
Apr 2025	293	$1,250,000	$1,419,384	23	98.5%	104.8%
Mar 2025	296	$1,210,000	$1,338,685	20	98.6%	104.4%
Feb 2025	215	$1,265,000	$1,407,857	25	98.5%	104.8%
Jan 2025	217	$1,195,000	$1,385,227	43	97.6%	101.8%
Dec 2024	179	$1,170,000	$1,307,379	35	97.8%	101.9%
Nov 2024	224	$1,200,000	$1,339,014	31	97.8%	100.2%
Oct 2024	266	$1,162,500	$1,276,968	31	97.7%	101.2%

8X Real Estate analysis of MLS® sales (Victoria Real Estate Board). Aggregates only; medians unless stated. Figures from fewer than 3 sales are withheld; changes need at least 10 sales in both periods. Ratio changes are in percentage points. Updated 2026-10-01.

lender	under 20%	20%+	under 20%	20%+
	5-yr fixed		5-yr variable
Coast Capital	4.19 (lowest)	4.74 (lowest)	3.69 (lowest)	3.84 (lowest)
CIBC	4.79	5.14	3.95	4.10
Vancity	4.84	4.84

Greater Victoria house market — prices, sold data & trends

How the market moved

The current Greater Victoria snapshot

price

demand side

supply side

price

Across the region

The backdrop

What borrowing costs

What it rents for

price

demand side

supply side

demand side

supply side

What buyers & sellers ask about the Greater Victoria market

From registration to completion

Greater Victoria houses sold prices & market statistics — September 2026

Greater Victoria sales by quarter

Greater Victoria sales by year

Greater Victoria sold prices by month

How the market moved

The current Greater Victoria snapshot

price

demand side

supply side

price

Across the region

The backdrop

What borrowing costs

What it rents for

Methodology — sources and resolution contract

price

demand side

supply side

demand side

supply side

What buyers & sellers ask about the Greater Victoria market

From registration to completion

Greater Victoria houses sold prices & market statistics — September 2026

Greater Victoria sales by quarter

Greater Victoria sales by year

Greater Victoria sold prices by month