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Oakville
Real Estate Trends

Housing Market Report for October 2020

Current Oakville MLS® stats indicate an average house price of $1,338,124 and 989 new listings in the last 28 days. As of today, Oakville housing data shows median days on market for a home is 18 days.

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Oakville Housing Prices

$1.3M
Avg sold price
1.6%
Monthly change
7.1%
Quarterly change
26.8%
Yearly change
$1.4M
Avg sold price
9.1%
Monthly change
12%
Quarterly change
20.6%
Yearly change

The change in average home price is affected by two factors:

  1. The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.
  2. Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

How we calculate our stats

Average Sold Price

Sales Volume by Property Type

# Beds Sep 19 - Oct 17 3 mo ago 6 mo ago 1 year ago
2 Bd $1.2M +7% $1.4M $1.0M $1.1M
3 Bd $1.3M +18% $1.3M $1.1M $1.1M
4 Bd $1.8M +17% $1.7M $1.5M $1.6M
5 Bd $1.9M +27% $1.8M $1.7M $1.5M
6 Bd $3.3M +101% n/a n/a $1.6M
All $1.7M +21% $1.6M $1.4M $1.4M
# Beds Sep 19 - Oct 17 3 mo ago 6 mo ago 1 year ago
1 Bd n/a $569K n/a n/a
2 Bd $739K +28% $625K $739K $578K
3 Bd $901K +14% $905K $821K $793K
4 Bd $876K -9% $887K $747K $960K
All $873K +15% $842K $792K $761K
# Beds Sep 19 - Oct 17 3 mo ago 6 mo ago 1 year ago
Studio n/a n/a n/a n/a
1 Bd $469K +4% $491K $474K $452K
2 Bd $691K +9% $657K $691K $636K
3 Bd $506K +43% $576K $613K $355K
All $600K +7% $587K $588K $561K
Note: +/- change calculated year-over-year

Oakville Housing Inventory

989
new listings
(last 28 days)
372
homes sold 1
(last 28 days)
18
average days on market
98%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings Sep 19 - Oct 17 Sold Listings Sep 19 - Oct 17 Active Listings Days on Market Sale to List
2 Bd 13 -35% 4 -33% 26 -51% n/a n/a
3 Bd 127 -17% 67 +52% 131 -57% 19 -17% 99.27% +2%
4 Bd 313 -12% 131 +66% 337 -50% 16 -48% 98.32% +3%
5 Bd 93 -11% 17 +240% 137 -50% 18 96.59%
6 Bd 16 -6% 2 +100% 23 -53% n/a n/a
All 563 -13% 222 +63% 673 -50% 18 -36% 98.39% +2%
# of Beds New Listings Sep 19 - Oct 17 Sold Listings Sep 19 - Oct 17 Active Listings Days on Market Sale to List
1 Bd 0 0 0 n/a n/a
2 Bd 43 +153% 15 -35% 45 +50% 14 -18% 98.77% -1%
3 Bd 121 +11% 68 +36% 104 -35% 17 -6% 100.39% +1%
4 Bd 23 -8% 13 0% 22 -24% 22 -35% 99.97% +4%
All 187 +23% 95 +10% 172 -22% 17 -15% 100.12% +2%
# of Beds New Listings Sep 19 - Oct 17 Sold Listings Sep 19 - Oct 17 Active Listings Days on Market Sale to List
Studio 0 0 0 n/a n/a
1 Bd 32 +3% 14 0% 40 +25% 16 -16% 97.45% -2%
2 Bd 113 +28% 26 0% 117 -6% 30 +15% 98.32% +1%
3 Bd 30 -14% 5 +150% 31 -40% n/a n/a
All 178 +16% 46 +10% 198 -5% 23 -8% 98.23% +1%
Note: +/- change calculated year-over-year

Oakville Rankings
out of 23 in Greater Toronto

3rd
Most expensive
8th
Fastest Growing
13th
Fastest Selling
23th
Highest Turnover
If the average price is skewed, the median is a more accurate reflection of the market.
City Average Price Median Price
#1 King $1.8M $1.7M
#2 Caledon $1.3M $1.2M
#3 Oakville $1.3M $1.2M
#4 Mono $1.2M $1.2M
#5 Richmond Hill $1.2M $1.1M
#6 Vaughan $1.2M $1.1M
#7 Uxbridge $1.1M $1.0M
#8 Markham $1.1M $985K
#9 Whitchurch-Stouffville $1.1M $990K
#10 Aurora $1.1M $1.0M
#11 Toronto $1.0M $860K
#12 East Gwillimbury $1.0M $945K
#13 Halton Hills $946K $876K
#14 Milton $913K $850K
#15 Newmarket $903K $830K
#16 Mississauga $895K $830K
#17 Bradford West Gwillimbury $879K $820K
#18 Brampton $864K $805K
#19 Pickering $844K $763K
#20 Ajax $777K $745K
#21 New Tecumseth $708K $665K
#22 Georgina $670K $650K
#23 Orangeville $643K $660K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 Caledon 33.3%
#2 East Gwillimbury 30.7%
#3 Bradford West Gwillimbury 30.2%
#4 King 29.0%
#5 New Tecumseth 28.0%
#6 Whitchurch-Stouffville 27.3%
#7 Oakville 26.8%
#8 Halton Hills 26.6%
#9 Mono 24.2%
#10 Pickering 21.0%
#11 Milton 19.3%
#12 Uxbridge 18.7%
#13 Newmarket 18.7%
#14 Markham 18.4%
#15 Orangeville 16.6%
#16 Ajax 16.3%
#17 Vaughan 16.1%
#18 Brampton 16.0%
#19 Richmond Hill 14.9%
#20 Mississauga 13.8%
#21 Georgina 12.8%
#22 Toronto 12.3%
#23 Aurora 2.6%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Ajax 10 days
#2 Orangeville 11 days
#3 Pickering 12 days
#4 Milton 12 days
#5 Brampton 13 days
#6 Newmarket 14 days
#7 Halton Hills 14 days
#8 Toronto 15 days
#9 Mississauga 15 days
#10 Bradford West Gwillimbury 15 days
#11 Aurora 16 days
#12 Caledon 17 days
#13 Markham 18 days
#14 Oakville 18 days
#15 Georgina 18 days
#16 Vaughan 19 days
#17 East Gwillimbury 19 days
#18 Whitchurch-Stouffville 20 days
#19 Richmond Hill 21 days
#20 New Tecumseth 21 days
#21 Mono 22 days
#22 Uxbridge 25 days
#23 King 27 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Orangeville 101.3%
#2 Ajax 82.0%
#3 New Tecumseth 71.8%
#4 Halton Hills 68.8%
#5 Milton 68.8%
#6 Bradford West Gwillimbury 67.5%
#7 Whitchurch-Stouffville 64.9%
#8 Uxbridge 64.2%
#9 Newmarket 63.5%
#10 Pickering 62.6%
#11 East Gwillimbury 61.9%
#12 Brampton 61.7%
#13 Georgina 60.7%
#14 Mono 58.8%
#15 Caledon 57.4%
#16 Aurora 53.7%
#17 King 50.0%
#18 Markham 49.5%
#19 Mississauga 46.4%
#20 Vaughan 43.7%
#21 Richmond Hill 42.6%
#22 Oakville 37.3%
#23 Toronto 34.8%
Note: +/- change calculated year-over-year

Oakville vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2020-10-10
Oakville Data
Greater Toronto Data
Download as:
Last Updated: 2020-10-10

Have questions?

For media inquiries contact press@zolo.ca

About this Report

See a current overview of the housing market with with Zolo's Oakville real estate market trends. We've made real estate data like average house prices, housing inventory, and days on market readily available to you. Our home price data is always updated. This report analyzes sales history between September 19 - October 17 and compares it against the same period last year. These real estate statistics are accompanied by rankings of all cities in the Greater Toronto area based on home sold price, price growth, days on market, and turnover. With all this content, you'll be prepared with both a comprehensive view of the local Oakville housing market and a glimpse of the metro area as a whole. All this data is intended to give you a thorough understanding of both the local Oakville and the Greater Toronto area, so that ultimately, you'll be able to make a well-informed decision about where you'd like to live. As well, using other handy MLS® stats like the MLS® Home Price Index will give you a more panoramic view of the housing market.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the agent submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."