The New Westminster Market Right Now
New Westminster is one of the most stable markets in Metro Vancouver right now. Sales activity ticked up 13% month-over-month in April, inventory is healthy, and prices have held steady within a narrow range. It's not a hot market and it's not a buyer's market either. It's balanced, which is honestly the best environment for both sides to make confident, unhurried decisions.
What makes New West unique is value. The Royal City has the lowest average sold price of any of the 18 Greater Vancouver areas tracked. You get SkyTrain access, walkable urban living, heritage character, and Fraser River views, all for significantly less than Burnaby, Vancouver, or the Tri-Cities. That's why this market keeps attracting first-time buyers, downsizers, and investors looking for cash flow.
New Westminster Market Stats (April 2026)
Detached Homes
$1.46M
Average sold price
19 sales in April
Townhouses
$835K
Average sold price
12 sales in April
Condos
$615K
Average sold price
50 sales in April
All Property Types
$846,503
Average sold price
81 total sales · Balanced market
Key indicators:
- Median Days on Market: 32 days
- Sale-to-List Price Ratio: 98% (sellers are getting close to asking)
- Active Listings: 610 (up 5% from March)
- New Listings (April): 282
- Months of Supply: 7 months (balanced market territory)
- Quarterly Price Change: +13.5%
- Yearly Price Change: +2.5%
Data sourced from Greater Vancouver REALTORS® (GVR) MLS® reports.
What's Actually Happening Behind the Numbers
The condo market is doing the heavy lifting in New West. Fifty of the 81 sales in April were condos, which makes sense given the average price of $615K, attainable for first-time buyers and a serious value play compared to Vancouver condos at $703K+. Buildings near Columbia Street, the Quay, and Sapperton Station are moving fastest.
Detached homes are softer. Nineteen sales in April with an average price of $1.46M, but the per-bedroom data shows prices are down meaningfully year-over-year (a 4-bedroom is sitting around $1.47M versus $2.28M a year ago). That's not because the homes are worth less, it's because the mix of homes that sold this month leaned smaller and more affordable. If you're selling a detached home in Queens Park or Glenbrooke North right now, pricing strategy matters more than ever.
Townhouses are the sweet spot. Inventory is tight, prices are holding, and family buyers priced out of detached homes are scooping up Queensborough and Sapperton townhomes within 30 days of listing.
Selling in New Westminster? Here's What to Know
This is a balanced market, which means pricing right matters more than ever. The 98% sale-to-list ratio tells you sellers who price strategically are getting strong offers within the first month. Sellers who overprice are sitting past 60 days and dropping their price anyway.
Going with a traditional brokerage on a $900K New West condo costs you tens of thousands in commission. With One Percent Realty, that money stays in your equity. Want exact numbers?
Calculate My Commission Savings →
Explore New Westminster Neighbourhoods
Each pocket of New West has its own personality, price point, and buyer profile. Tap any neighbourhood below for the detailed guide:
Frequently Asked Questions
What's the average home price in New Westminster?
As of April 2026, the average sold price across all property types in New Westminster is $846,503. Detached homes average $1.46M, townhouses $835K, and condos $615K. The median price is $695K.
Is New Westminster a buyer's or seller's market?
New West is currently a balanced market. Seven months of supply, a 98% sale-to-list ratio, and 32 median days on market all point to neither side having significant leverage. Sellers who price well are getting strong offers. Buyers have more selection than a year ago.
What's the cheapest neighbourhood in New West?
Brow of the Hill and Uptown tend to be the most affordable for condos, with units starting under $500K. Connaught Heights offers the most affordable detached homes.
What's the most expensive neighbourhood in New Westminster?
Queens Park is consistently the priciest pocket, with heritage detached homes regularly trading north of $2M. Moody Park and West End follow close behind.
Are New West condos a good investment in 2026?
The fundamentals are strong. New Westminster has two SkyTrain lines (Expo and Millennium), strong rental demand from Vancouver commuters, and condos that price significantly below comparable Vancouver units. Cap rates here typically beat Vancouver and West Burnaby.
How much can I save selling with One Percent Realty in New West?
Savings depend on your home's price. On an $850K condo, sellers often keep tens of thousands of dollars in equity that would otherwise go to commission. Use the calculator above to run your specific numbers.
Thinking About Buying or Selling in New West?
Find out what your home is worth. Free evaluation, no obligation.
Last updated: May 2026, using April 2026 REBGV data. Stats refreshed monthly.
