Question 1

Is Metrotown a buyer's or seller's market right now?

Accepted Answer

Metrotown is currently a buyer's market. There are 17 homes sold in the last 30 days across all property types. The current absorption rate of 21.4 months of supply favours buyers.

Question 2

What is the average home price in Metrotown?

Accepted Answer

The average sold price across all property types in Metrotown is currently $880,118, based on sales over the past 30 days. Prices vary by type — condominiums start lower, while detached homes command a premium. Contact a local Burnaby agent for a current, property-specific estimate.

Question 3

Have home prices come down in Metrotown?

Accepted Answer

Overall home prices in Metrotown are up 30.1% compared to the same period last year, with detached houses averaging $2,350,000; townhouses averaging $1,105,000; condos averaging $767,133. This upward trend suggests continued demand in Metrotown — buyers who act sooner may benefit from locking in before further appreciation.

Question 4

How long do homes stay on the market in Metrotown?

Accepted Answer

Homes in Metrotown are currently selling in an average of 64 days on market. In a seller's market, well-priced homes can attract offers within the first week of listing. In a buyer's market, buyers typically have more time to evaluate options.

Question 5

What does the absorption rate mean for Metrotown?

Accepted Answer

Metrotown has a sales-to-active listings ratio (SALR) of 4.7%, 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.

Question 6

What is the average price of each property type in Metrotown?

Accepted Answer

Detached houses average $2,350,000; townhouses average $1,105,000; condos average $767,133. These figures reflect sold prices over the past 30 days from MLS® records and are updated regularly.

Question 7

What property types are available in Metrotown?

Accepted Answer

Metrotown offers a mix of condos, townhouses, houses. Each type suits different lifestyles — condos and townhouses are popular for lower-maintenance living, while detached homes are sought by families looking for more space and a yard.

Question 8

How can I get a home evaluation in Metrotown?

Accepted Answer

You can request a free, no-obligation home evaluation through a local Burnaby real estate agent. They will research recent comparable sales in Metrotown and provide you with an accurate market valuation — typically within 24 hours.

Metric	Sep · Last 30 days	Aug	Sep (LY)
Homes Sold	21-58.0%	50	52
Avg Sold Price	$1.06M+34.3%	$786K	$811K
Avg Days on Market	60d+7.1%	56d	49d

Type	1 Bed	2 Bed	3 Bed	4+ Bed
Apartment	$548K $820/ft² 41 sold	$698K $752/ft² 63 sold	$889K $721/ft² 18 sold	$1.12M $690/ft² 5 sold
Townhouse	$699K $698/ft² 8 sold	$879K $672/ft² 31 sold	$1.08M $645/ft² 44 sold	$1.25M $612/ft² 14 sold
House	—	$1.19M $580/ft² 6 sold	$1.49M $558/ft² 22 sold	$2.25M $498/ft² 18 sold

Type	Avg Sold Price	Sold (30d)	Active	Avg DOM	Condition
Condos	$767K	15	305	69d	Buyer's Market	View Condos →
Townhouses	$1.1M	1	32	13d	Buyer's Market	View Townhouses →
Houses	$2.35M	1	14	37d	Buyer's Market	View Houses →

Metrotown Real Estate Market

How Have Prices Trended in Metrotown?

Month-over-Month Comparison

Last 30 Days — By Property Type

What Does Each Home Cost?

What Does Each Property Type Cost in Metrotown?

What Did Homes Sell for in Metrotown Recently?

Frequently Asked Questions — Metrotown Market