Terrace Real Estate

  • 195 homes for sale in Terrace, BC.

  • $64,900 to $3,880,000
  • $480,253 Avg List

Refine your Terrace real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Terrace.

Showing results 1 — 24 of 195
  1. Canada
  2. BC
  3. Terrace

Home Prices in Terrace

The asking price of homes for sale in Terrace has increased 5.99% since June last year, while the number of homes for sale has decreased -14.85%. See more Terrace Home Prices & Values.

House
Median Asking Price
$490K
86 Houses
Townhouse
Median Asking Price
$375K
16 Townhouses
Condo
Median Asking Price
$135K
20 Condos

Find Real Estate & MLS® Listings in Terrace

Zolo has the most comprehensive, up-to-date set of Terrace real estate listings. At the moment, Terrace has 195 homes for sale, including 87 houses, 20 condos, and 16 townhouses listed for sale.

With Zolo you'll be able to find the hottest Terrace neighbourhoods, the best schools in the city, and evaluate nearby amenities. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Terrace is added every 15 minutes to provide you the most-up-to-date home listings. Contact one of our Terrace real estate agents to get started on landing your dream home today.

Terrace City Guide

11K
Population
1.5%
Population Growth
8%
Unemployment

Located in British Columbia, the city of Terrace has a population of 11,486. The 1.5% population growth for this city is above average when compared to other Canadian cities.

There are 10.93% of immigrants in in Terrace, 0.75% of which are recent immigrants to Canada. Other than English, the most common language spoken is Panjabi (Punjabi), with 2% of residents reporting it as their mother tongue. The largest cultural community within Terrace is Canadian at 28%, followed by English at 25% and Scottish at 21%.

Terrace offers good employment opportunities with an unemployment rate that sits near 8%, which is average when compared to other cities. Approximately 50% of residents hold a university degree. Residents can expect good quality of life in Terrace based upon an average median family income of $58,592.

According to Statistics Canada 83% of Terrace residents drive. About 17% of residents that are already established within the city will move within a year, while 42% will move within five years.

Terrace's population is average when it comes to homeownership, with 70% owning a home and 30% renting. The median monthly mortgage cost is estimated to be about $683, which is average when compared to renters in other Canadian cities.

In the Canadian real estate context, Terrace is a good place to set down roots.

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Terrace’s demographics, including median age, schools and income, using census information from Statistics Canada.

30%
Rent
70%
Own
$700
Monthly Rent (Median)
$683
Monthly Mortgage (Median)
3,070
Total Families
$58,592
Family Income (Median)
39
Age (Median)
50%
College Educated

Schools

For those interested in buying Canadian real estate in order to raise a family, take heart: Terrace is home to top-rated elementary and secondary schools. To help you narrow down your Terrace housing market search, here’s the top five schools in each category. (Learn more in our school guide.)

Elementary Schools

8.7 Veritas
2.0 Suwilaawks Community
n/a Uplands
n/a Mountainview
n/a Thornhill

Secondary Schools

4.7 Caledonia

Commuters

According to Statistics Canada, residents in Terrace use a variety of ways to get around.

83%
Drive
1%
Transit
4%
Bike
12%
Walk

FAQs About Terrace Real Estate

According to current Terrace MLS© statistics, the average home listing price in Terrace, BC is $480,000. Based on Terrace housing inventory, the average home is listed on the market for 64 days and has a 96.4% selling to listing price ratio.

Based on current Terrace MLS© data, the average detached house in Terrace, BC has a listing price of $511,000. In Terrace, detached houses are on the market for 64 days on average.

According to current Terrace MLS© data, the average condo in Terrace, BC has a listing price of $172,000. In Terrace, the average price for a 2-bedroom condo is $181,000 and the average price for a 1-bedroom condo is $129,000.

The average townhouse in Terrace has an average listing price of $798,000, which represents a 111.8% change in price from last year. There are currently 19 townhouses for sale in Terrace, BC.

According to Statistics Canada Census data, the median total household income in Terrace is $58,592 per year, which is below the national median income of $67,000 per year.

terrace
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association nor Zolo.