Langley Real Estate Market Update – March 2025: What You Need to Know

The Langley real estate market is always evolving, and staying informed is key whether you’re looking to buy or sell. As we move into spring, market activity is picking up, and we’re seeing some interesting trends shaping the detached home market. Let’s dive into what’s happening right now and what it means for you.

Langley Real Estate Market: March 2025 Update

The Fraser Valley real estate market, including Langley, has remained resilient despite fluctuating interest rates. Here’s what we’re seeing so far in March:

• Home Prices Adjusting: The average price for a detached home in Langley is $1,450,000, reflecting an 8% decrease from last month. While prices have softened slightly, homes in sought-after areas are still attracting strong offers.

• Increased Inventory: There are currently 400 detached homes on the market, an 18% increase from January. This gives buyers more options, but also means sellers need to be strategic with pricing and presentation.

• Stronger Sales Activity: 57 detached homes sold in February, a 54% jump from January, signaling a more active spring market.

• Faster Sales: Homes are now selling in an average of 11 days, down 76% from the previous month. Well-priced homes are moving quickly, especially in Murrayville, Walnut Grove, and Willoughby Heights.

• Balanced Market: With a 14% sales ratio, Langley’s detached home market is currently balanced. Homes priced between $1 million and $1.25 million are seeing the most activity, with a 43% sales ratio, making it a seller's market in this price range.

What This Means for Sellers

If you’re thinking about selling, now is a great time to get your home market-ready. Here’s how to position yourself for success:

• Price it Right: The market is active, but buyers are still price-conscious. A well-priced home will sell faster and potentially attract multiple offers.

• Stage for Success: Homes that are well-presented, decluttered, and staged are selling quicker and for top dollar.

• Marketing Matters: Professional photography, video tours, and strategic online exposure are crucial. Our team specializes in high-quality marketing to get your home noticed.

📌 Check out our Home Selling Guide for expert tips on maximizing your home’s value.

What This Means for Buyers

If you’re looking to buy a home in Langley, here’s what you should know:

• Be Prepared to Act Fast: Desirable homes are selling quickly. Having your financing in place and being ready to move forward with an offer will give you an edge.

• Consider New Developments: Presale investments are a great way to secure a home at today’s prices before the market shifts again.

• Work with a Local Expert: Navigating a competitive market requires insight and experience. Our team is here to guide you through the process and help you find the right home.

📌 Explore our latest listings in Langley to see what’s available right now.  https://murphyrealestategroup.ca/neighbourhood-guide.html

Final Thoughts

The Langley real estate market is showing strong activity as we head into spring. Whether you’re selling, buying, or considering an investment, having the right strategy is key. If you’re thinking about making a move, let’s connect and discuss how to maximize your opportunities in today’s market.

🚀 Thinking of selling in Langley? Let’s get you top dollar! Schedule a free home evaluation today!  https://murphyrealestategroup.ca/home-evaluation.html

Jen Murphy / 778-882-5478  / jen@murphyreg.ca