Kelowna Real Estate Market Report – March 2025 | Central Okanagan Housing Trends
Explore the latest Kelowna real estate market update for March 2025. This monthly report highlights key housing trends across the Central Okanagan, including updated statistics on home sales, property prices, new listings, and days on market for single-family homes, townhouses, and condominiums.
Kelowna Single-Family Home Market – March 2025
- Home Sales: Sales of single-family homes rose 15% year-over-year, with 149 homes sold in March 2025, compared to 130 in March 2024.
- New Listings: Inventory dipped slightly, with 564 new listings—down 2% from 574 the year prior.
- Average Price: The average home price increased to $1,117,815, up from $994,594 in March 2024.
- Days on Market: Homes sold faster, averaging 56 days on the market—a 10% improvement from 62 days last year.
Kelowna Townhome Market – March 2025
- Townhome Sales: A modest 1% increase in townhome sales, with 61 units sold this March, up from 60 in March 2024.
- New Listings: Listings held steady, with 160 new townhomes listed, just one fewer than the 161 listings seen in March 2024.
- Average Price: Townhome prices rose 7% to $750,493, up from $702,815 in March 2024.
- Days on Market: Townhomes spent 53 days on the market—15% longer than the 46-day average last March.
Kelowna Condo Market – March 2025
- Condo Sales: Condo sales jumped 14%, with 92 units sold in March 2025, compared to 81 last year.
- New Listings: Inventory rose 5%, with 312 new condo listings, up from 296 in March 2024.
- Average Price: The average condo price declined 8% to $443,684, down from $480,682 the previous year.
- Days on Market: Condos took longer to sell, averaging 66 days on the market—a rise of 18% from 56 days last March.
Ready to Buy or Sell in the Kelowna Real Estate Market?
If you're planning to buy or sell real estate in Kelowna or the Central Okanagan, connect with Jeff Creamer at Royal LePage Kelowna. Get expert insights and personalized support in today's evolving market.
- Call: 250-575-7112
- Email: jeff@shopkelownahomes.com
Check out February 2025 Central Okanagan / Kelowna Real Estate Market Statistics
Source: Association of Interior Realtors