Maple Ridge Market:

October 2025 vs 2024

Maple Ridge continues to be hit hard

Prices are down, condos struggle to selll, & for 2/3 of the market sales increase.

Looking for an accurate picture of where the real estate market is headed?

  Today we dive in and take a deeper look at the Maple Ridge market as a whole:

• A full overview & an in depth look at detached homes and townhouses. Both focusing on:

1. How statistics stack up to the previous month's activity.
2. Where we are standing compared to the same time period in 2023.
3. Larger market trends.

•••

Maple Ridge Benchmark Price Overview:

1. In 2025 the longest sustained period of benchmark increases was 3 consecutive months.
2. Overall, the year started strong and by late spring the market had fully shifted
1. Townhouses saw their benchmark peak in March. Detached homes saw theirs in April and condos in June.
2. Since their individual peaks the market has largley tended downwards plagued by high supply.
1. Condos have seen 4 back-to-back months of decline
2. Townhouses have seen 5 months of decline in the 7 months since their peak
3. Detached homes have now seen half of a year of straight decline. 
3. Compared to October 2024 benchmark prices are down between 2.4% & 11.4%.
4. Despite a low supply compared to October 2024 condos are now at their lowest benchmark price since Jan 2022...a 45 month low.
1. Even at such a low benchmark October sales crashed out compared to 2024. 

•••

Overall Supply & Sales Update:

 
Compared to the same time last year supply varies:

• Detached: +4.2%
• Condo: -15.5%
• Townhouse: +6.9%

When October supply is compared to September:

• Detached: 36 less listings than in September
• Condo: 1 less listings than in September
• Townhouse: 10 less listing than in September

Compared October 2024 sales are downm. 

• Detached: -11.9%
• Condo: -47.2%
• Townhomes: -23.1%

When October is compared to September sales have varied:

• Detached: 17 more sale than September
• Condo: 9 less sales than September
• Townhouse: 4 more sales than September

Overall Sales & Supply At A Glance:

1. 2025's high supply is now bumping up against the beginning of listing increases from last October which is why supply now appears to be even keeled compared to 2024. When in reality it is still high compared to a more traditional average.
2. Compared to September 2024 sales have taken a massive hit...but compared to September 2025 have increased for 2/3 of the market. After record low sales in September both the townhouse and detached market bounced back, at least slightly, in October...while the condo market experienced its lowest sales month since January.
3. Currently both the detached & condo market are facing downward pressure on pricing. A buyers market. Townhouses remain more balanced by comparison.

Fall continues with slipping prices, slowly softening supply, and buyer friendly conditions. 

•••

Detached Market Update:

1. From October 2024 to June 2025 (with the mild exception of the April peak..it only exceeded the window by $2000) the benchmark fluctuated within a $15,000 window. However, since the April peak it has been trending downwards and it has down decreased for 6 months.
2. The October 2025 benchmark for detached homes is now $48,200 below October 2024.
3. In the last 30 days the benchmark decreased $14,400.
• For the previous 2 months it appeared as though the rate of reduction was declining...but October bucked that forming trend. Now we have to question how much lower the benchmark will drop before leveling out.
4. So far in 2025 the benchmark price only cracked $1,300,000 once. In 2024 it passed 1.3 for 3 months.
5. The benchmark price is now $64,900 below the 2025 peak.
6. For 8 consecutive months of 2023 the benchmark price outperformed October 2025.
7. A supply explosion first started in March and lasted for 4 months ballooning active listings by 184. The increase now accounts for 31% of current active listings. 
• Although October saw 2025's first true supply drop, after 3 months of slight downward motion, October's supply still far outstrips February's level (481) before the increase started. 
8. October saw a nice boost to sales after September was one of the top 3 slowest months for sales since Jan 2020.
1. May was the peak for sales in a single month this year. There were 12 more sales in May compared to October.

High supply and record low sales from September gave buyers the upper hand and pushed the benchmark down. This months main question...did October's sales increase do enough to restore buyer confidence and level off the bechmark decline? Or will 2025 finish with record lows?

Detached Home Benchmark Pricing:

1. October: $1,287,500
2. November: $1,283,200
3. December: $1,286,800
4. January: $1,272,200
5. February: $1,284,600
6. March: $1,287,800
7. April: $1,304,200
8. May: $1,287,300
9. June: $1,282,700
10. July: $1,266,000
11. August: $1,255,400
12. September: $1,253,800
13. October: $1,239,300 -lowest since April 2023 (30 month low)

•••

Townhouse Market Update:

1. Until September the benchmark price had fluctuated in the same $20,000 window for 12 months.
2. The October 2025 benchmark is now $18,300 below October 2024.
• The lowest benchmark since January 2024 (21 months)
• The benchmark is now lower than it was for 7 months of 2023.
3. I the last 30 days the benchmark has decreased $10,100.
• It is now $42,900 below the 2025 peak back in March.
• Since March the benchmark has fluctuated each month with no strong trend.
• However if the benchmark continues down in November it will officially be trending downwards (3 consecutive months make a trend)
• April & September both mark the largest 30-day shifts in 2025 and they were both downwards.
4. A supply explosion first started in January and lasted for 6 months ballooning active listings by 99. The increase now represents 64% of current active listings. 
• After hold steady in September supply took a step in the right direction in October.
•  Before active listings began to exponentially increase supply was at 68 in December of 2024 meaning October's supply was still inflated by 86 listings...more than double December's supply. 
• Peak supply for 2024 was 142 in July. Currently we are 12 listings above the 2024 peak.
• Supply only broke 100 once in 2023 and 8 times in 2024. Currently 2025 supply has only dropped below 100 twice and one of those months was 98.
5. After September marked the slowest sales month of 2025, and the third consecutive month of decline, October finally saw a small uptick in sales. 
• September was the slowest month since January 2024 & one of the top 5 slowest months in the last 2 years and 8 months.
• With October's sales increase 7 months of 2025 have seen sales fluctuate in the 30s.
• June was the busiest month this year with 38 sales.
• For 5 months of 2024, and 4 months of 2023, there were more than 40 sales.

September's supply levels and record low sales forced prices down in October. But, with lower prices came a higher number of sales and supply decrease. If buyer interest remains level we may be reaching balanced territory...but a typical holiday slowdown may be on its way.

Townhouse Benchmark Pricing:

1. September: $786,400
2. October: $768,900
3. November: $774,500
4. December: $777,100
5. January: $785,700
6. February: $789,300
7. March: $793,500
8. April: $781,400
9. May: $784,400
10. June: $773,300
11. July: $773,100
12. August: $777,100
13. September: $760,700
14. October: $750,600

•••

Summary:

Maple Ridge entered October still feeling the weight of a prolonged correction. Prices continued to slip across all housing types as the effects of high 2025 supply—and softer buyer sentiment—worked their way through the market.

Detached homes remain the most strained segment. After peaking in April, the benchmark has fallen for six straight months and now sits $48,200 below last year and nearly $65,000 under the 2025 high. October’s sharper-than-expected drop broke the emerging pattern of moderation, raising renewed questions about how much runway is left before pricing stabilizes. Even with the month’s modest sales rebound, detached listings remain elevated from the spring surge that reshaped inventory for the year.

Townhouses followed a similar trajectory, though with more balance. October marked another step down—the benchmark now sits $18,300 under 2024 and at its lowest point since early 2024. While September delivered one of the slowest sales months in nearly two years, October brought a slight recovery alongside a small but encouraging pullback in supply. With inventory still heavily inflated compared to historic norms, the segment sits at the crossroads between softening prices and a possible shift toward stability.

Condos faced the toughest month of all. Despite carrying less supply than last year, the segment posted its weakest sales since January and its lowest benchmark price in 45 months. Four consecutive months of price declines underscore a market struggling to generate traction even at reduced price levels.

Taken together, October reaffirmed the defining theme of Maple Ridge’s 2025 market: high supply, cautious demand, and a slow grind downward in pricing. While two-thirds of the market saw sales improve from September’s record lows, conditions remain firmly buyer-favoured. Any meaningful turnaround heading into winter will depend on whether sales momentum can build enough to counterbalance the elevated inventory remaining in 2/3 of the market and whether sentiment towards condos turn.

  Our Google reviews will give you all the confidence you need!

TOP 5 reasons to work with R3 Hayes Real Estate Group

In a market full of noise and hesitation, we’re the steady hand you can trust.
Whether you're planning ahead or ready to make a move, let's talk strategy—we’re here to help you come out ahead.

R3 Hayes Real Estate Group – Your Neighbourhood Experts

  Call/Text Ryan: 604-561-2127

 Follow us on social media for more market updates!

Your Neighbourhood Experts