Grasmere, British Columbia, Canada
As of September 4, 2026, the median asking price in Grasmere is $699,000, across 27 active MLS® listings.
Those listings have been on the market an average of 134 days.
6 new listings came to market in Grasmere in the last 30 days.
Asking prices work out to about $766 per square foot, based on the 15 listings that report floor area.
Detached homes in Grasmere are listed at an average of $1,019,322 across 9 active listings.
Vacant land in Grasmere are listed at an average of $248,875 across 8 active listings.
Grasmere is a very small, rural settlement in the East Kootenay region near Lake Koocanusa and the U.S. border, characterized by large lots, acreages, and recreational properties rather than a conventional “neighbourhood” layout. The area attracts a mix of long-time residents, seasonal owners, and lifestyle buyers seeking outdoor access (boating, fishing, backcountry activities) with a quiet, low-density feel. Daily services are limited locally; residents typically rely on nearby communities such as Jaffray/Elko, Fernie, or Cranbrook for major groceries, healthcare, and broader retail. School options are generally within School District 5 (Southeast Kootenay), with families commonly commuting to schools in surrounding communities rather than having a full suite of neighbourhood schools in Grasmere itself.
Real estate is dominated by detached homes, cabins, and land, with values influenced by waterfront/recreation proximity, views, and road access. Transaction volume is thin and pricing can be volatile due to small sample sizes and the outsized impact of a few sales. Rental demand is more limited than in employment hubs like Fernie/Cranbrook and tends to skew toward seasonal/short-term and contractor housing, which can produce reasonable peak-season revenue but higher vacancy risk off-season and greater management intensity. Overall, the market profile suits investors comfortable with rural liquidity risk and a strategy oriented to recreation-driven demand rather than stable, year-round long-term rentals.
Grasmere has limited market data available right now, so pricing trends and negotiation conditions are less clear than in more active markets. Buyers and investors should expect higher uncertainty and lean on recent comparable sales and local agent insight to benchmark value until more live data emerges.
The median asking price in Grasmere is $699,000, across 27 active MLS® listings as of September 4, 2026. The average asking price is $756,048. These are list prices on homes currently for sale, not sale prices.
There are 27 active MLS® listings in Grasmere as of September 4, 2026. 6 of them came to market in the last 30 days.
Homes currently listed in Grasmere have been on the market an average of 134 days as of September 4, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 27 homes currently listed in Grasmere, 33% detached houses, 30% vacant land.
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code.
Powered by CREA DDF®