Condos Market Report

November 2024 Metrotown Condos Market

Condos market data for Metrotown, Burnaby — November 2024. Average sold price $863,800, 15 sold in 30 days, 55 avg days on market.

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Buyer's MarketMetrotown condos is currently a buyer's market. 4.1% sales-to-active listings ratio — homes selling in an average of 55 days, at an average sold price of $863,800 — well-priced properties are attracting strong demand.
15
Condos Sold (30d)
$864K
Avg Sold Price
55d
Avg Days on Market
363
Homes For Sale

Current Metrotown Condos Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Condos Sold (30d)15
Avg Sold Price$863,800
Homes For Sale363
Avg Days on Market55 days
Months of Supply24.2 mo

November 2024 Metrotown Market Snapshot

All property types — historical MLS® data for Metrotown in November 2024.

All Types Sold49
Avg Sold Price$933,250
Avg Days on Market31 days
Avg Price per ft²$347,943

Metrotown Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
September 202621$1,055,14360d$563,016—
August 202650$785,85056d$270,038Seller's
July 202658$871,71046d$314,085Seller's
June 202653$873,53948d$322,580Seller's
May 202653$895,17240d$298,999Seller's
April 202640$686,31049d$150,582Seller's

Frequently Asked Questions — Metrotown Condos

How did the Metrotown condos market perform in November 2024?+
The Metrotown condos market currently shows 15 units sold in the last 30 days at an average price of $863,800, with an average of 55 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a condo in Metrotown?+
The average sold price for a condo in Metrotown is currently $863,800, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do condos take to sell in Metrotown?+
Condos in Metrotown are currently selling in an average of 55 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for condos in Metrotown?+
Metrotown condos has a sales-to-active listings ratio (SALR) of 4.1%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in Metrotown?+
Metrotown condos are currently in a buyer's market. The average price is $863,800. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Metrotown market perform in November 2024?+
In November 2024, the Metrotown real estate market (all property types) recorded 49 sales at an average price of $933,250, with properties averaging 31 days on market at $347,943 per square foot.
How did Metrotown compare in November 2024 vs. October 2024?+
Compared to October 2024, overall Metrotown sales volume was down 41% (83 vs 49 homes sold) and the average sold price was up 5% to $933,250.
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