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Market overview
Median price by type
As of November 2026, homes for sale in Terrace, British Columbia carry a median asking price of about $505,000, across 148 active MLS listings for sale. Asking prices have eased about 55.3% in the past month, giving buyers a little more room than they had earlier in the year. 8 new listings came on this week, and inventory is on the tighter side, so well priced homes tend to attract attention quickly.
That puts Terrace in the middle of the British Columbia market, within reach for move up buyers and growing families. On a per square foot basis, homes here run around $308, a useful benchmark when two listings look similar on paper. Because prices are softening, it is worth comparing recent sales before you make an offer.
What is the average home price in Terrace?
As of November 2026, the median asking price for a home in Terrace, British Columbia is about $505,000. By property type, houses sit around $512,000.
Is Terrace a buyer's or seller's market right now?
Terrace is currently a balanced market, without a strong tilt toward buyers or sellers.
How many homes are for sale in Terrace?
There are currently 148 active MLS listings for sale in Terrace, British Columbia, updated daily on haho.ca.
What are the most popular neighbourhoods in Terrace?
Terrace has a range of established and up and coming neighbourhoods. Use the neighbourhood filters above to compare them by price and inventory.
How long does it take to sell a home in Terrace?
Time to sell in Terrace depends on price and condition. Well priced, move in ready homes tend to sell fastest.