Terrace, British Columbia
As of September 26, 2026, the median asking price in Terrace is $519,000, across 117 active MLS® listings.
Those listings have been on the market an average of 94 days.
29 new listings came to market in Terrace in the last 30 days.
Asking prices work out to about $293 per square foot, based on the 92 listings that report floor area.
Detached homes in Terrace are listed at an average of $553,673 across 52 active listings.
Vacant land in Terrace are listed at an average of $1,015,885 across 21 active listings.
Homes in Terrace are listed at an average of $234,956 across 16 active listings.
Homes in Terrace are listed at an average of $1,533,840 across 7 active listings.
Tree-Lined Streets, Everyday Terrace
Terrace’s core residential neighbourhoods—those mature blocks just off the main commercial corridors—feel like the city’s steady heartbeat. Older bungalows and split-levels sit under tall spruce and birch, with the occasional tidy infill home or low-rise rental tucked into the mix. It’s not flashy or touristy; it’s the kind of place where driveways get shoveled early, kids cut through familiar side streets, and neighbours recognize one another at the mailbox.
A lot of the area’s identity comes from being close to the institutions that keep Terrace running: the hospital, schools, city services, and the workplaces tied to regional industry and transportation. You’ll find long-time residents who’ve watched the town change, young families who want a practical commute and a yard, and trades and professional workers who value dependable housing over showpiece living. With a Walk Score around 69, errands can be done on foot in many pockets—especially if you’re near Lakelse Avenue or the city centre—while still keeping that quiet, residential buffer.
Real estate here tends to be defined by “good bones” and sensible layouts: established single-family homes with basements, garages, and room to renovate, plus a smaller supply of newer builds that trade yard size for efficiency. Pricing and competition often hinge on condition (updated mechanicals, newer roofs/windows, dry basements) and proximity to schools, parks, and the hospital. Compared with newer subdivisions, the value proposition is straightforward: central convenience, mature streetscapes, and a neighbourhood that feels lived-in—in the best, most Terrace way.
Terrace’s market currently shows 104 active for-sale listings with a median asking price of $527,250, averaging $288 per square foot and 94 days on market so far, pointing to a well-supplied, more deliberative environment than a fast-moving one. With 32 new listings added in the past 30 days across the city’s mix of entry-level homes, mid-range family properties, and larger/luxury options in different pockets, buyers have meaningful choice and negotiating room, while investors can focus on value-by-area and property condition rather than expecting quick turnover.
AI-written commentary on the active MLS® listing snapshot as of September 11, 2026. Not financial advice.
Walk Score 70 · Bike Score 50
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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