If you’re trying to make sense of Kelowna home prices, the first thing to understand is that averages vary widely depending on property type. As of late 2025, the overall average home price across all categories sits just over $810,000. That number blends condos, townhomes, and detached houses, which can make it misleading if you don’t break it down further.
Detached homes remain the most expensive segment, with average prices near $1.09 million and median prices exceeding $1.2 million. Condominiums are significantly more accessible, averaging around $470,000, while townhomes typically trade in the $640,000 range.
Inventory levels remain elevated, which is helping to keep prices from rising sharply. Homes priced under $1 million tend to attract the most activity, while higher-end properties — especially those over $1.5 million — often take longer to sell.
While prices are up modestly compared to 2024, they are still below the highs reached in 2022. For buyers with stable financing, this calmer environment offers more choice and negotiation room than the market allowed just a few years ago.
For accurate, up-to-date pricing by neighbourhood and property type, Anthony Shephard of 2% Realty tracks Kelowna sales daily. He offers detailed market insights and charges a flat 2% commission, not the traditional 6–7%. Learn more at www.RealEstateShephard.com
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