Steveston BC House Prices 2025: What Buyers Need to Know

Steveston, a vibrant and historic neighborhood located in Richmond, BC, continues to attract buyers with its unique charm, waterfront lifestyle, and strong community spirit. If you're considering making a move, you’re likely wondering: How much does it cost to buy a house in Steveston BC in 2025?

Let’s break down what you can expect when it comes to house prices, market trends, and housing options in this sought-after area.

Current Steveston BC House Prices (2025 Update)

As of early 2025, the real estate market in Steveston remains competitive but stable, offering a range of options depending on your needs and budget.

Here’s a general overview:

Property Type	Average Price (2025)
Detached Home	$1.6M – $2.2M
Townhouse	$1.0M – $1.3M
Condo	$700K – $850K
Luxury Homes	$2.4M+

Detached homes in Steveston Village and nearby neighborhoods tend to be the most in demand, especially those within walking distance of the waterfront, parks, and schools. Townhomes and condos provide more affordable entry points into the market while still offering excellent quality of life.

Factors That Influence House Prices in Steveston

Several factors impact how much you'll pay for a home in Steveston:

1. Location Within Steveston

• Properties closer to the waterfront, dyke trails, and Steveston Village tend to command higher prices.

• Westwind, Steveston North, and Steveston South offer a mix of newer developments and larger lots at varying price points.

2. Home Size and Lot Size

• Larger detached homes with bigger lots naturally cost more.

• Compact homes or heritage-style houses closer to the Village may carry a premium due to their charm and location.

3. Condition and Age of the Home

• Newly built homes or extensively renovated properties sell at a premium.

• Older homes may offer more value but could require updates.

4. School Catchment Areas

• Homes located within highly rated school zones, such as Steveston-London Secondary, are particularly desirable to families.

5. Market Demand and Inventory

• Steveston typically sees tight inventory, meaning fewer homes available at any given time, which helps maintain home values even during broader market slowdowns.

Buying a Home in Steveston: What You Should Budget For

Beyond the listing price, it’s important to plan for additional costs, including:

• Property Transfer Tax (based on the purchase price)

• Mortgage insurance (if your down payment is under 20%)

• Home inspection fees (usually $400–$600)

• Legal fees and closing costs

• Potential renovation costs if buying an older property

It’s also smart to be financially prepared for competitive bidding situations, especially on well-priced, move-in-ready homes in prime Steveston locations.

Is Steveston Still Affordable Compared to Other Parts of Richmond and Vancouver?

Compared to central Vancouver or Westside neighborhoods, Steveston offers better value for detached homes and townhouses — without sacrificing access to the waterfront, top schools, and community amenities.

While prices have steadily risen, Steveston still presents a relative “sweet spot” for buyers looking for a balance of lifestyle, investment potential, and long-term community appeal.

If you’re willing to explore slightly older homes, townhomes, or condos, Steveston remains one of the most desirable and attainable neighborhoods in the Greater Vancouver area.

Final Thoughts: What to Expect When Buying in Steveston BC

Buying a home in Steveston in 2025 means investing in a community that combines coastal living, urban convenience, and strong property value growth. While house prices are competitive, the lifestyle benefits and enduring appeal of the area make it a smart choice for both personal living and long-term investment.

Whether you're searching for a cozy townhouse, a modern waterfront property, or a family home with room to grow, Steveston has options worth exploring — but be ready to act quickly when you find the right one.

Ready to Start Your Home Search in Steveston?

If you're thinking about buying a home in Steveston BC, I can help you find the right property to fit your lifestyle and budget. Let’s start with a personalized home search or a quick consultation about your real estate goals.

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