Langley Real Estate Market Update September 2026

The Langley real estate market continued to move through a period of adjustment in August 2026, with prices below last year's levels and sales activity varying considerably between detached homes, townhouses and condos.

The latest Fraser Valley Real Estate Board statistics show that Langley remains a market where buyers have more choice and negotiating room than they have had during stronger market conditions. At the same time, the numbers also show that not every segment of Langley real estate is behaving the same way.

Detached homes, townhouses and apartments each recorded different levels of sales, inventory and price movement during August. That makes it increasingly important to look beyond a single overall market number when evaluating Langley real estate.

The overall benchmark price for Langley was $948,600 in August, down 0.8 per cent from July and 6.6 per cent from August 2025.

For buyers and sellers, however, the more useful story is found by looking at each property type individually.

Langley Real Estate Market at a Glance

August produced a mixed set of results across Langley's three major residential property categories.

For detached homes, the benchmark price was $1,479,400. Townhouses had a benchmark price of $806,400, while apartments and condos had a benchmark price of $534,000.

Compared with August 2025:

• Langley detached home prices were down 7.1 per cent.

• Langley townhouse prices were down 5.0 per cent.

• Langley apartment prices were down 8.8 per cent.

The sales numbers also varied considerably.

Langley recorded 69 detached home sales, 83 townhouse sales and 64 apartment sales during August.

This is important because the Langley market cannot be accurately described simply as either a "good" or "bad" market. The experience of a detached-home buyer can be very different from that of someone looking for a condo or townhouse.

Langley Detached Home Market

Detached homes remain the highest-priced major residential category in Langley, with the August 2026 benchmark price reaching $1,479,400.

That represents a 1.4 per cent decline from July and a 7.1 per cent decline from August 2025.

The median detached-home price was $1,315,000, down 2.6 per cent from July and 7.6 per cent compared with August 2025.

The average detached-home price was $1,367,948, also down 2.6 per cent from July and 7.6 per cent year over year.

Sales activity was softer than last year. Langley recorded 69 detached sales in August, compared with 72 in July and 79 in August 2025.

That means detached sales declined 4.2 per cent compared with August 2025 and 12.7 per cent from July.

New listings also declined. There were 128 new detached listings in August, compared with 171 in August 2025 and 144 in July.

Active detached listings stood at 425 at the end of August. That was down 22 per cent from August 2025 and 7.6 per cent from July.

The combination of fewer new listings and fewer active listings is an important part of the detached-home story. While the market remains buyer-friendly, the amount of available detached inventory has declined substantially from a year ago.

For buyers searching for detached homes in Langley, the lower benchmark price compared with last year provides an opportunity to consider properties that may have been less accessible previously. However, buyers should not assume that every detached home is priced below market value simply because overall prices have declined.

The individual property, location, condition and asking price still matter.

Langley Townhouse Market

The Langley townhouse market also experienced a decline in prices over the past year, although the year-over-year decrease was smaller than the decline recorded for detached homes and apartments.

The August benchmark price for a Langley townhouse was $806,400. This was down 0.6 per cent from July and five per cent from August 2025.

The median townhouse price was $792,500, down 3.3 per cent from July and 3.6 per cent from August 2025.

The average townhouse price was $807,346, representing a 2.2 per cent monthly decline and a 4.1 per cent year-over-year decrease.

Townhouse sales were more active than detached sales in August. Langley recorded 83 townhouse sales, compared with 65 in July and 72 in August 2025.

That means townhouse sales increased 15.4 per cent from July but declined 13.9 per cent compared with August 2025.

New townhouse listings totalled 117 in August. That was down from 150 in July and 148 in August 2025.

Active townhouse inventory stood at 266 listings at the end of August, down from 316 in July and 281 a year earlier.

The townhouse market therefore continues to provide buyers with opportunities, but the number of available properties has moved lower.

For many Langley buyers, townhouses represent an important middle ground between condo ownership and detached-home ownership. The August benchmark of $806,400 remains substantially below the detached benchmark of $1,479,400, creating a significant price difference between the two property categories.

Langley Condo Market

The Langley condo market is particularly interesting because some of the August numbers were more stable than those recorded in the detached and townhouse segments.

The benchmark price for a Langley apartment was $534,000 in August 2026. The benchmark was unchanged from July, while remaining 8.8 per cent below August 2025.

The median price was $521,600, which increased 3.5 per cent from July and was 0.3 per cent higher than August 2025.

The average price was $540,492, down 0.9 per cent from July and 0.9 per cent from August 2025.

Langley recorded 64 apartment sales in August. That was slightly higher than the 63 sales recorded in August 2025 but lower than the 66 sales recorded in July.

In percentage terms, apartment sales were up 1.6 per cent year over year and down three per cent month over month.

New apartment listings totalled 164 in August. This was almost unchanged from the 158 recorded in August 2025 and down slightly from 169 in July.

Active apartment listings stood at 420 at the end of August. This was 1.7 per cent higher than the 413 active listings recorded a year earlier, although it was down substantially from the 528 active listings recorded in July.

The condo market therefore deserves a closer look. While the benchmark price remains 8.8 per cent below last year's level, the monthly benchmark was unchanged and the median price actually increased from July.

This illustrates why looking at only the overall Langley benchmark price can be misleading. Different segments can be moving in different directions at the same time.

How Langley's Three Major Property Types Compare

The August numbers show a clear difference in pricing between the three major categories.

Detached homes had a benchmark price of $1,479,400.

Townhouses had a benchmark price of $806,400.

Apartments had a benchmark price of $534,000.

The difference between detached homes and townhouses is approximately $673,000 based on their August benchmark prices, while the difference between townhouses and apartments is approximately $272,400.

Year-over-year price changes also varied.

Detached homes were down 7.1%

Townhouses were down 5%.

Apartments were down 8.8%

This makes the current Langley market particularly interesting for buyers who are flexible about property type. Someone who originally planned to purchase a townhouse may now want to compare the available options against condos, while a buyer considering a detached home may want to examine whether a townhouse provides better value for their particular needs.

The right decision depends on budget, lifestyle and the specific properties available, but the August statistics show that buyers have several segments to consider.

Langley Real Estate Compared With the Fraser Valley

Although Langley is the primary focus, the broader Fraser Valley market provides useful context.

The Fraser Valley benchmark price for all residential properties was $869,900 in August, compared with $948,600 in Langley.

The Fraser Valley detached benchmark was $1,319,600, compared with $1,479,400 in Langley.

For townhouses, the Fraser Valley benchmark was $750,600 compared with $806,400 in Langley.

For apartments, the Fraser Valley benchmark was $466,100 compared with $534,000 in Langley.

Langley therefore remained above the Fraser Valley-wide benchmark in all three major property categories.

The year-over-year price declines were also somewhat different.

Across the Fraser Valley, detached homes were down 8.4 per cent compared with 7.1 per cent in Langley.

Townhouses across the Fraser Valley were down 7.1 per cent compared with five per cent in Langley.

Apartments across the Fraser Valley were down 8.9 per cent compared with 8.8 per cent in Langley.

In other words, Langley's detached and townhouse benchmarks experienced smaller year-over-year declines than the Fraser Valley as a whole, while the apartment market was almost identical to the broader regional trend.

What the Langley Market Means for Buyers

The current market environment gives Langley buyers considerably more time to evaluate their options.

Across the Fraser Valley, the sales-to-active-listings ratio was 10 per cent in August. A ratio between 12 and 20 per cent is generally considered balanced, meaning the broader market remained in buyer's-market territory.

That broader market condition is important when considering Langley because it provides buyers with a more favourable negotiating environment than would exist in a balanced or seller's market.

The August Langley numbers also show that buyers should not focus solely on the headline price.

A buyer should consider:

• The property's current asking price compared with recent market values.

• How long the property has been available.

• The amount of competing inventory.

• Whether similar properties have recently sold.

• The differences between detached, townhouse and condo pricing.

• Whether the property has experienced a price reduction.

• The condition and overall appeal of the property.

The current environment rewards buyers who are prepared and patient.

There may be opportunities to negotiate, but the best opportunities are not necessarily the cheapest properties. Value comes from understanding how the individual property compares with the alternatives currently available.

What the Langley Market Means for Sellers

The August numbers also provide an important message for Langley sellers.

The market is no longer one where sellers can necessarily price a home based on what similar properties sold for during stronger market conditions.

Detached prices are down 7.1 per cent year over year, townhouse prices are down five per cent and apartment prices are down 8.8 per cent.

That means sellers need to pay close attention to current competition.

A home that is priced correctly can still attract buyers, but an overpriced listing may struggle when buyers have numerous alternatives.

The decline in active detached and townhouse listings compared with last year does provide some support for sellers, but the broader buyer's-market conditions mean pricing remains critical.

For sellers, the August market reinforces several priorities:

• Establish a realistic current market value.

• Study the most relevant competing listings.

• Pay attention to recent sales rather than relying on older market conditions.

• Make sure the property is presented competitively.

• Understand how buyers are likely to compare the property against alternatives.

• Be prepared for negotiation.

The strategy that works in a buyer's market is different from the strategy that works when multiple buyers are competing for the same property.

Why Local Langley Market Knowledge Matters

The August statistics demonstrate why real estate decisions should be based on local and property-type-specific data.

Langley's overall benchmark price was $948,600, but that number alone does not tell the full story.

A detached home had a benchmark price of $1,479,400.

A townhouse had a benchmark price of $806,400.

An apartment had a benchmark price of $534,000.

Each category also experienced different sales and price trends.

This means a buyer searching for a condo should not necessarily use detached-home market conditions to evaluate an offer. Likewise, a seller of a detached home should not assume that townhouse or condo trends accurately represent the market for their property.

For anyone searching for a Langley realtor, having someone who understands these differences can be especially valuable in the current market.

August 2026 Langley Real Estate Market Outlook

The August numbers suggest that Langley remains in a period of gradual price adjustment rather than a rapidly changing market.

Prices are lower than they were a year ago across all three major property categories, while activity remains relatively measured.

At the same time, there are signs of variation within the market.

The detached benchmark declined 1.4% from July.

The townhouse benchmark declined 0.6%.

The apartment benchmark was unchanged from July.

That divergence is worth watching as the market moves into the fall.

The current statistics do not provide a reason to assume that all Langley properties will move in exactly the same direction or at the same pace. Instead, they reinforce the importance of watching individual property categories and current inventory.

Final Thoughts on Langley Real Estate in August 2026

August 2026 was another month of adjustment for Langley real estate.

The overall Langley benchmark price declined to $948,600, down 6.6 per cent from August 2025. Detached homes, townhouses and apartments all remained below their year-ago benchmark prices, although the magnitude of the decline differed between property types.

Detached homes recorded a benchmark price of $1,479,400, townhouses were at $806,400 and apartments were at $534,000.

For buyers, the current market provides more opportunity to research, compare and negotiate. For sellers, it places greater emphasis on accurate pricing and effective positioning.

The most important takeaway is that there is no single Langley real estate market. There are different markets within Langley, and the numbers for detached homes, townhouses and condos tell different stories.

That makes local market knowledge increasingly important.

If you're looking for a top Langley realtor to help navigate the current market, understanding the latest numbers is only the starting point. The real value comes from applying those numbers to the specific neighbourhood, property type and property being considered.

For buyers and sellers considering a move, the August 2026 statistics suggest that Langley remains a market where preparation and informed decision-making can make a meaningful difference.

Anyone researching a top realtor Langley buyers and sellers can rely on should pay close attention to the differences between property types, current inventory and the direction of prices rather than relying on broad market headlines alone.