Terrace, British Columbia, Canada
As of August 12, 2026, the median asking price in Terrace is $547,000, across 100 active MLS® listings.
Those listings have been on the market an average of 93 days.
19 new listings came to market in Terrace in the last 30 days.
Asking prices work out to about $296 per square foot, based on the 72 listings that report floor area.
Detached homes in Terrace are listed at an average of $628,620 across 30 active listings.
Vacant land in Terrace are listed at an average of $999,987 across 24 active listings.
Homes in Terrace are listed at an average of $252,005 across 17 active listings.
Homes in Terrace are listed at an average of $1,533,475 across 6 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 Terrace neighbourhood currently has 114 active listings with a median asking price of $547,000, averaging $298 per square foot and about 94 days on market, pointing to a relatively measured pace where pricing and property condition matter. With 20 new listings added in the past 30 days, buyers and investors have fresh options and negotiating room, while well-priced homes can still stand out and move faster than the average.
Walk Score 69 · Bike Score 60
The median asking price in Terrace is $547,000, across 100 active MLS® listings as of August 12, 2026. The average asking price is $686,198. These are list prices on homes currently for sale, not sale prices.
There are 100 active MLS® listings in Terrace as of August 12, 2026. 19 of them came to market in the last 30 days.
Homes currently listed in Terrace have been on the market an average of 93 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 100 homes currently listed in Terrace, 30% detached houses, 24% vacant land, 4% townhouses, 4% duplexes.
Terrace has a Walk Score of 69 out of 100, which Walk Score classifies as Somewhat Walkable — some errands can be accomplished on foot. Bike Score is 60.