Rayleigh, Kamloops - October 2026 Real Estate Report
Rayleigh Real Talk: Your Home Is Worth Less Than the City Thinks
If you have been watching the market in Rayleigh and wondering whether now is the time to make a move, here is the honest answer. The numbers are shifting, and your tax assessment is not keeping up with reality. Let us break it down.
The Vibe Right Now
Rayleigh is a neighbourhood where prices sit near the top of the Kamloops leaderboard - ranked 4th out of 23 for house prices across the city. But sitting near the top does not mean prices are climbing. They are not. The market here is taking a breather, and the data backs that up.
We have 727 assessed properties in Rayleigh and only 20 transactions recorded in 2026. That is a thin slice of activity for a neighbourhood this size. Neighbourhood growth has dipped 0.01% year over year, and the growth rate ranks 24th out of 27 comparable Kamloops neighbourhoods. That puts us near the bottom of the local leaderboard when it comes to momentum.
Houses: What Is Actually Happening
The house market in Rayleigh right now is a buyer's market, plain and simple. Here is what the numbers are telling us:
- Average sale price: $736,633 - down 30.4% from last month
- Current average listing price: $764,933
- Price per square foot: $334
- Homes are selling at 95.88% of list price - buyers are paying below ask
- Average days on market: 38 days
- Only 3 homes sold this period, though that is up 50% from last month
- Predicted market value: $766,275
- 3-month moving average: $772,013 - values are trending down
- Recent value change: -0.82%
- Estimated monthly rent: $3,470 with a rental yield of 5.13%
- Days-on-market rank: 7th out of 22 - homes here move at a moderately fast pace
The 5.13% rental yield is genuinely strong. If you are holding a Rayleigh house as an investment, the rental income story is one of the better ones in Kamloops. The Airbnb potential sits at $172 per night, ranking 12th in the city - solid but not a standout.
Condos: A Different Story
Rayleigh condos are a smaller part of the picture, but worth knowing about if you own one or are thinking about buying.
- Average HonestDoor Price: $321,000 - up 0.75% from the previous period
- Predicted market value: $318,600
- 3-month moving average: $325,300 - also trending down
- Recent value change: -0.96%
- Estimated monthly rent: $1,700 with a rental yield of 4.15%
- Airbnb estimate: $85 per night, ranked 24th in Kamloops
- Growth rank: 18th out of 27 - below average for the city
Compared to nearby neighbourhoods, Rayleigh condos are actually the more affordable option. Noble Creek condos average $362,400 and Westsyde sits much higher at $617,383. So if you own a condo here, you are in a value-priced pocket of the city - but do not expect rapid appreciation right now.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Assessment
Here is the thing about your city assessment. It is a snapshot from months ago, built on formulas that do not react to what is happening on the street right now. The average assessed value in Rayleigh is $777,108. But the average HonestDoor Price - which updates in real time using actual market signals - is $762,643. That is a gap of roughly $14,000, and the HonestDoor Price is 1.86% lower than what the city has on file.
That gap matters. If you are pricing a home based on your assessment, you may be starting the conversation in the wrong place. The HonestDoor Price is the real-world check - it reflects what buyers are actually doing, not what a government formula calculated months ago.
For houses specifically, the HonestDoor Price has decreased 0.47% from the previous period. The market is moving, and your assessment is standing still.
The So What - Thinking About Selling This Summer?
If you are planning to list in Rayleigh this summer, here is the straight talk.
- Buyers are negotiating - homes are closing at about 4% below list price on average
- You have roughly 38 days on market to work with before a listing goes stale
- Nearby neighbourhoods like Noble Creek ($751,729), Westsyde ($653,703), and Heffley Creek ($580,394) are all cheaper - and all showing faster growth than Rayleigh right now
- Rayleigh is still one of the pricier addresses in Kamloops, ranked 4th for house prices, so you have a positioning advantage - but you need to price it right
- The rental yield of 5.13% gives you a strong backup argument if you need to hold and rent instead of sell
The bottom line is this. Rayleigh is not a neighbourhood in freefall - it is a high-value area that is cooling off after a run-up. If you price based on your assessment, you will likely sit on the market. If you price based on your HonestDoor Price and what buyers are actually paying right now, you have a real shot at moving the property before summer ends. Check your HonestDoor Price before you do anything else.
rayleigh | kamloops | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.