Mission BC Real Estate: 17 House Sales in October, Prices Down 12%, and the Fraser Valley Board's Cheapest Benchmark House (2026)

Seventeen. That's how many detached houses sold in Mission in October 2026, according to the Fraser Valley Real Estate Board (FVREB), against 211 on the market. It's the fewest October house sales in the eight years of FVREB packages I pulled, and Mission's composite benchmark is down 11.9% in a year, the biggest drop of any area on the board.

The other side of that: a typical detached house in Mission now has a benchmark of $883,300, the lowest of the eight FVREB areas. Below are Mission's prices by type, eight Octobers of history, the last 13 months, what's listed on EstateBlock today and how asking prices compare with what's actually selling.

Sources: Fraser Valley Real Estate Board, October 2026 stats package (Mission area, MLS® Summary and MLS® HPI); EstateBlock.com Mission pages, snapshot taken November 3, 2026 (active listings, asking prices). EstateBlock counts include all listing types on the Mission page.

Mission home prices by type

Source: Fraser Valley Real Estate Board, October 2026 stats package, MLS® Home Price Index table, Mission rows.

The benchmark is the MLS® Home Price Index: the estimated price of a typical home with fixed features, so it isn't pushed around by which homes happened to sell. In Mission every type is down on the year, and the fall sped up this autumn. The composite lost 5.3% in three months, apartments 7.0%, including 3.7% in October alone.

Detached houses are the story, though. At $883,300, Mission's benchmark house is 13.8% below October 2021 and 13.1% below a year ago. Over 10 years it's still up 62.0%, so long-time owners are fine on paper; anyone who bought in 2021 or 2022 likely isn't. Townhouses (+2.1%) and apartments (+3.1%) are roughly where they were five years ago.

Mission (−11.9%) and Abbotsford (−9.9%), the two areas furthest up the valley, are falling fastest. The board as a whole is down 6.4%. The full area-by-area breakdown is in my Fraser Valley Real Estate Board stats post, updated today with October's numbers.

Source: Fraser Valley Real Estate Board, October 2026 stats package, MLS® Home Price Index table. "Central Surrey" is the row FVREB labels Surrey.

Mission's benchmark house is $207,200 below Abbotsford's and $564,800 below Langley's. Mission townhouses and condos aren't the cheapest on the board (Abbotsford's are lower, and so are North Surrey's condos), so Mission's discount is mostly a house discount.

Eight Octobers in Mission

Source: Fraser Valley Real Estate Board October stats packages, 2019 to 2026 (Mission area, as first published each year). Benchmarks are as first published each October; FVREB revises past HPI values, so use the 3-, 5- and 10-year changes in the price table above for like-for-like comparisons.

October 2021 is the contrast that matters. Mission had 60 detached listings and 59 sales: almost one sale for every house on the market. This October it was 17 sales against 211 listings, a ratio of 8%. Octobers of 24 and 28 house sales in 2022 and 2023 show a weak October isn't new in Mission. What's new is that it's coming with a benchmark that has fallen for a full year.

For reference, FVREB's March 2022 package put Mission's composite benchmark at $1,218,500 and the detached benchmark at $1,285,200, as published at the time.

The last 13 months

Mission had between 24 and 51 residential sales a month over the past 13 months, while 45 to 126 new listings came on. Year to date (January to October), 390 detached, townhouse and apartment sales were recorded in the Mission area. Sellers listed 85 homes in October, about three for every sale.

The detached line is the steepest: $1,015,400 in October 2025 (as first published), $883,300 now, with the biggest single drop in August (−4.5%). Townhouses hovered between $637,700 and $655,400 through June, then slid to $606,100. Apartments went from $425,800 in July to $396,200 in October.

Source: Fraser Valley Real Estate Board, October 2026 stats package, MLS® Summary, Mission. Sales-to-active and months of supply (active ÷ sales) calculated by EstateBlock. With four or five sales, a median sale price says very little.

A balanced market runs at roughly 12% to 20% sales-to-active. Mission's three residential types together came in at 7.8%, about 13 months of supply. That's a buyer's market for houses, and the townhouse and condo segments are too small (a handful of sales each) to call either way in a single month.

What Mission sellers are asking, and what sells

EstateBlock's Mission pages update daily. These are asking prices of active listings, not sale prices.

Source: EstateBlock.com Mission pages, snapshot taken November 3, 2026 (active listings, asking prices); October 10 figures from the EstateBlock snapshot that day.

Here's the gap that matters. The median asking price for a Mission house on EstateBlock is $1,155,900. The median detached sale in Mission in October was $910,000, and FVREB's detached benchmark is $883,300. Asking sits about 27% above the October median sale.

Part of that is likely mix: EstateBlock's Mission pages include rural areas such as Stave Falls, Lake Errock and Durieu. My read is that part of it is also sellers still pricing to a market that has moved. The median house has been listed 78 days. If you're selling, your comparable is what sold in the last 60 to 90 days on your street, not what's sitting.

Inventory peaked in late October and has started to shrink: 582 homes for sale on October 16, 568 on November 3. 166 listings (29%) have cut, by 7.7% on average, and 74 are asking less than their BC Assessment value.

Mission vs Abbotsford, Maple Ridge and Chilliwack

Source: EstateBlock.com city pages for Mission, Abbotsford, Maple Ridge and Chilliwack, snapshot taken November 3, 2026 (active listings, asking prices). Chilliwack and Maple Ridge are outside FVREB's area.

Per square foot, Mission houses ask $443, the same range as Abbotsford ($441) and well under Maple Ridge across the river ($530). Chilliwack is cheaper again at $389. Mission's whole-house median ask is lower than Abbotsford's ($1,267,473) and Maple Ridge's ($1,376,863). If you're choosing between Mission and Maple Ridge for a house, the per-foot gap is about $87 on asking prices.

Outside the town centre

Source: EstateBlock.com area pages, snapshot taken November 3, 2026 (asking prices of active listings, all types).

These four areas together hold only a small share of Mission's listings, few enough that one listing moves the median, so treat them as a rough guide rather than a price signal. Most of what's for sale is in and around the town itself.

What I'd do in Mission right now