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Oak Bay

Oak Bay Real Estate

Refine your Oak Bay real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Oak Bay.

143 homes for sale in Oak Bay, BC.

Showing results 1 — 35 of 143
  1. Canada
  2. British Columbia
  3. Oak Bay Real Estate

Home Prices in Oak Bay

The asking price of homes for sale in Oak Bay has decreased 6.69% since June last year, while the number of homes for sale has increased 5.8%. See more Oak Bay Home Prices & Values.

House
Median Asking Price
$2.4M
90 Houses
Townhouse
Median Asking Price
$1.3M
26 Townhouses
Condo
Median Asking Price
$675K
18 Condos

Find Real Estate & MLS® Listings in Oak Bay

Zolo has the most comprehensive, up-to-date set of Oak Bay real estate listings. At the moment, Oak Bay has 148 homes for sale, including 90 houses, 18 condos, and 26 townhouses for sale.

With Zolo you'll be able to find the hottest Oak Bay neighbourhoods, the best schools in the city, and evaluate nearby amenities. See the upcoming open houses in Oak Bay to tour homes in person. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Oak Bay is added every 15 minutes to provide you the most-up-to-date home listings. Contact one of our Oak Bay real estate agents to get started on landing your dream home today.

Oak Bay City Guide

18K
Population
0.6%
Population Growth
6%
Unemployment

Located in British Columbia, the city of Oak Bay has a population of 18,015. The 0.6% population growth for this city is below average when compared to other Canadian cities.

There are 22.41% of immigrants in in Oak Bay, 2.46% of which are recent immigrants to Canada. Other than English, the most common language spoken is Mandarin, with 1% of residents reporting it as their mother tongue. The largest cultural community within Oak Bay is English at 46%, followed by Scottish at 30% and Irish at 22%.

Oak Bay offers good employment opportunities with an unemployment rate that sits near 6%, which is average when compared to other cities. Approximately 71% of residents hold a university degree. Residents can expect an exceptional quality of life in Oak Bay based upon an above average median family income of $80,388.

According to Statistics Canada 68% of Oak Bay residents drive. About 11% of residents that are already established within the city will move within a year, while 34% will move within five years.

Oak Bay's population is higher than average when it comes to homeownership, with 76% owning a home and 24% renting. The median monthly mortgage cost is estimated to be about $771, which is below average when compared to renters in other Canadian cities.

In the Canadian real estate context, Oak Bay is a good place to to buy a home.

Nearby Cities

A considerable amount of would-be homeowners decide homes for sale in communities that are further from Oak Bay's downtown core. Suburban communities usually offer larger homes on larger lots. For even more options, consider commuting into Oak Bay's core from a nearby city, such as , , and . Even neighbouring cities that require a bit of a longer commute, such as , , and , are good options as they proffer great housing options, often at more attractive prices.

City
(Top 5)
 Active listings
1Victoria 669
2Saanich 611
3Sooke 310
4Colwood 145
5Sidney 93

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Oak Bay’s demographics, including median age, schools and income, using census information from Statistics Canada.

24%
Rent
76%
Own
$906
Monthly Rent (Median)
$771
Monthly Mortgage (Median)
4,960
Total Families
$80,388
Family Income (Median)
52
Age (Median)
71%
College Educated

Commuters

According to Statistics Canada, residents in Oak Bay use a variety of ways to get around.

68%
Drive
11%
Transit
11%
Bike
11%
Walk

FAQs About Oak Bay Real Estate

According to current Oak Bay MLS© statistics, the average home listing price in Oak Bay, BC is $2,747,000.

Based on current Oak Bay MLS© data, the average detached house in Oak Bay, BC has a listing price of $3,153,000. In Oak Bay, detached houses are on the market for 0 days on average.

According to current Oak Bay MLS© data, the average condo in Oak Bay, BC has a listing price of $1,017,000. In Oak Bay, the average price for a 2-bedroom condo is $1,163,000 and the average price for a 1-bedroom condo is $446,000.

The average townhouse in Oak Bay has an average listing price of $1,305,000, which represents a -10.5% change in price from last year. There are currently 26 townhouses for sale in Oak Bay, BC.

According to Statistics Canada Census data, the median total household income in Oak Bay is $80,388 per year, which is above the national median income of $67,000 per year.

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