According to recent Oakville MLS® statistics, the average home cost is $2 Million and 404 new listings have appeared in the previous 28 days. The median number of days a home spends on the market in Oakville as of right now is 15.
1. Listings on the Market:
Oakville real estate market currently boasts 462 homes listed on the market, offering a plethora of options for prospective homebuyers and investors.
The townhome market in Oakville presents 150 listings, making it a compelling choice for those seeking convenient and comfortable living.
For individuals in search of compact and low-maintenance living, there are 202 condo listings available in Oakville.
2. Average Listing Price in the Last Month:
The popularity of Oakville’s residential properties is evidenced by the $2.4 million average listing price for residences in the previous month.
Over the same time period, the average listing price for townhomes was $1.2 million.
With an average listing price of $825.2K during the past month, condos in Oakville provide a cost-effective home alternative.
3. Change in Average Listing Price:
The market has seen a modest 1.67% increase in the average listing price for homes over the last month, reflecting steady demand and potential investment opportunities.
The townhome market remains stable, with no change in the average listing price over the last month.
Condo prices have also held steady, with no change in the average listing price over the last month.
4. Average SOLD Price in the Last Month:
Over the last month, homes in Oakville have sold at an average price of $2 million, indicating a robust and appreciating real estate market.
Townhomes have seen an average sold price of $1.1 million over the same period, with a notable 6.67% increase.
Condos in Oakville have sold at an average price of $811.2K over the last month.
5. Change in Average SOLD Price:
The change in the average sold price for homes is a substantial 4.23% increase, reflecting strong demand and property value appreciation in Oakville’s real estate market.
The townhome market shows a healthy 6.67% increase in the average sold price, making it an appealing option for buyers.
The condo market in Oakville has maintained stability, with no change in the average sold price.
Inventory & SOLD Statistics
Oakville’s housing market has been busy in the previous 30 days, with 844 new listings and 258 house sales. Homes spent an average of 17 days on the market, and the selling-to-listing price ratio was 100.2%, highlighting competition.
In the last 30 days, there were 360 new listings for townhomes, and 140 of those were sold. Townhomes spent an average of 15 days on the market, and their efficiency and market competitiveness were highlighted by a selling-to-listing price ratio of 100.78%.
In the last 30 days, 92 condominiums were sold and 268 new condo listings were made. Condominiums stayed on the market for an average of 26 days, and the selling-to-listing price ratio was 99.56%, which indicates market stability.
Oakville Real Estate Market Trends and Average Listings Price
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