By Levi Loughlin

NREMR: MARCH 2025

Nanaimo Real Estate Market Report: March 2025

Apr 7, 2025 | 3:25 PM

NANAIMO –  Market maintains a steady pace.

In March, 301 single-family homes sold in Nanaimo, up twenty-six per cent over February and up four per cent over the previous year. Active listings of single-family homes on the Mid-Island were 1,162 in March, up seven percent from the previous year.

The average sale price for a single-family home in Nanaimo was $852,497 in March, on par with both the previous month and March 2024.

In a competitive market, it is key to obtain the advice of a REALTOR®, especially in a rapidly changing environment.

These are the benchmark numbers for Nanaimo in March 2025, as well as central and northern Vancouver Island:

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• Nanaimo’s benchmark sits at $823,000, on par with last month and last year.
• Campbell River’s benchmark price for single-family homes was $706,000, a nearly three per cent increase over the previous year.
• Comox Valley’s benchmark price is on par with last year’s price and sits at $848,500.
• Cowichan Valley reported a benchmark price of $799,100, up five per cent over March 2024.
• The Parksville-Qualicum area is up three per cent over last year with a benchmark price of $893,400
• Port Alberni’s benchmark increased to $519,700, which is on par with last year’s number.
• The North Island area is up thirteen per cent over last year with a benchmark price of $446,600.

The monthly Nanaimo Real Estate report analyzes the Vancouver Island Real Estate market north of the Malahat and, more precisely, the Nanaimo and the greater area. The information included here does not reflect the actual value of any particular property. You can find out what your home is worth by contacting a RE/MAX of Nanaimo’s agents here.

Looking for listings? Start browsing Nanaimo’s Real Estate listings here

Want to know more? Find more Nanaimo Real Estate Market Reports here https://nanaimonewsnow.com/nanaimo-real-estate-market-report