Nestled on the shores of Lake Ontario, Oakville is a picturesque town known for its natural beauty and robust real estate market. Current Oakville MLS® stats indicate an average house price of $2,053,721 and 404 new listings in the last 28 days. As of today, Oakville housing data shows median days on the market for a home is 15 days.
1. Listings on the Market
Oakville’s real estate market offers a variety of housing options, including homes, townhomes, and condos.
Oakville currently boasts 462 homes listed on the market, showcasing the allure of this tranquil community for both residents and newcomers.
For those seeking townhome living, Oakville offers 150 listings, providing a harmonious blend of comfort and convenience amidst the town’s natural splendour. Condos present 202 options for those looking for a more compact and maintenance-free living arrangement.
2. Avg Listings Price Last 3 months
The average listing price for homes, townhomes, and condos in the past three months provides insight into the affordability and value of these properties:
The average listing price for homes in the last three months stands at a substantial $2.4 million, emphasizing the premium nature of homeownership in Oakville.
Townhomes offer a more accessible option, with an average listing price of $1.2 million over the same period, appealing to those seeking a blend of comfort and affordability.
Condos maintain their affordability in Oakville, with an average listing price of $825.2 thousand in the past three months, providing an attractive option for budget-conscious buyers.
3. Change in Average Listing Price
Over the past three months, there has been a modest 1.67% increase in the average listing price for homes. This stability showcases Oakville’s resilience in maintaining property values.
Townhomes have seen no change in the average listing price over the past three months, indicating competitive and stable pricing in this segment.
Condos have also experienced no change in the average listing price, reinforcing the affordability factor in Oakville’s condo market.
4. Avg SOLD Price Last 3 months
Homes in Oakville have seen an average selling price of $2 million in the last three months, showcasing the willingness of buyers to invest in the town’s beautiful properties.
The average sold price for townhomes in the past three months is $1.1 million, demonstrating steady demand for this housing category. The condo market in Oakville, while competitive, has seen an average sold price of $811.2 thousand in the past three months.
5. Change in Average SOLD Price
The change in the average sold price for homes reflects a notable 4.23% increase, indicating robust demand and appreciation in property values. Townhomes have witnessed a substantial 6.67% increase in the average sold price, showcasing the attractiveness of this segment to buyers. The condo market has seen no change in the average sold price in the past three months, highlighting stability.
Inventory & SOLD Statistics
In the last 60 days, the Oakville real estate market has been active, with key statistics as follows:
There were 844 new home listings, with 258 homes sold in the same period. The average days on the market for homes is 17 days, and the selling-to-listing price ratio stands at a strong 100.2%. Oakville saw 360 new townhome listings and 140 townhomes sold in the last 60 days. The average days on the market for townhomes is 15 days, with a selling-to-listing price ratio of 100.78%. For condos, there were 268 new listings and 26 condos sold in the last 60 days. The average days on the market for condos is 26 days, and the selling-to-listing price ratio is 99.56%.
Real Estate Market Trends and Average Listings Price in Oakville in November
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