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Renanza Realty
Market

Kelowna & Okanagan real estate

Lakeside living, vineyards and investment across the Okanagan Valley, from Kelowna to Osoyoos.

Market snapshot

The Kelowna & Okanagan market right now

Kelowna & Okanagan currently has 5,934 active listings. Most homes for sale are priced between $279K and $1.80M, with a median around $699K. Detached houses make up the largest share of the market.

5,934
Active listings
5,934
For sale
$699K
Median list price
$279K–$1.80M
Typical range
$422
Median price / sq ft
83
Median days listed
288
New in last 7 days
2003
Median year built

Kelowna & Okanagan prices by bedrooms

BedroomsActive listingsMedian asking price
1333$335K
21,443$490K
31,412$760K
4+1,689$1.19M

Across Kelowna & Okanagan, the most listings are in Kelowna (1,848), Vernon (751), West Kelowna (619), Penticton (434), Osoyoos (357) and Lake Country (263).

Figures reflect current active MLS® listings and update as the market moves.

Buying a home in Kelowna & Okanagan

BC's 2023 small-scale multi-unit housing legislation now allows three to four units on most single-family lots in larger municipalities, which is reshaping what detached lots are worth. Check the lot's current zoning with the municipality, and get a home inspection and a title search before removing subjects.

Budget for BC's property transfer tax on top of the price — it's charged on the purchase and first-time buyers and new builds may qualify for exemptions. See our BC & Alberta closing costs checklist.

Common questions

Kelowna & Okanagan real estate FAQs

How much does a home cost in Kelowna & Okanagan?

The median asking price for homes currently for sale in Kelowna & Okanagan is about $699,000, and most are listed between $279,000 and $1,799,000. These figures come from active MLS® listings and move with the market.

How many homes are for sale in Kelowna & Okanagan right now?

There are 5,934 active listings on this page's search, 288 of them new in the last 7 days. Listings are updated continuously from the MLS®.

How much is a 3-bedroom home in Kelowna & Okanagan?

Median asking prices by bedroom count in Kelowna & Okanagan right now — 1 bedroom: about $335,000; 2 bedrooms: about $490,000; 3 bedrooms: about $760,000; 4+ bedrooms: about $1,189,000. Based on 4,877 active listings.

What is the price per square foot for homes in Kelowna & Okanagan?

The median asking price per square foot of living area is about $422 across homes currently listed in Kelowna & Okanagan. Location, age and building type move this a lot, so compare within a neighbourhood.

How long have homes in Kelowna & Okanagan been on the market?

The typical active listing here first came on the market about 83 days ago. That's days listed so far, not time to sell, but a long figure usually signals more room to negotiate.

Can non-Canadians buy a home in Kelowna & Okanagan?

Generally not right now. Since January 1, 2023, the federal Prohibition on the Purchase of Residential Property by Non-Canadians Act has barred most non-Canadians from buying residential property, with exceptions such as permanent residents and some work-permit holders. The ban has been extended before, so confirm its current status and get legal advice on your situation.

Areas we cover

Communities across Kelowna & Okanagan

Buying or selling in Kelowna & Okanagan?

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