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Oakville
Real Estate Trends

Housing Market Report for December 2018

Current Oakville MLS stats indicate an average house price of $918,104 and 425 new listings in the last 28 days. As of today, Oakville housing data shows median days on market for a home is 33 days.

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Oakville Housing Prices

$918K
Avg sold price
13.5%
Monthly change
11%
Quarterly change
13.9%
Yearly change
$1.0M
Avg sold price
9%
Monthly change
0.9%
Quarterly change
1%
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 Nov 14 - Dec 12 3 mo ago 6 mo ago 1 year ago
2 Bd $970K -40% $835K $1.2M $1.6M
3 Bd $924K -14% $1.2M $1.1M $1.1M
4 Bd $1.3M -9% $1.4M $1.5M $1.5M
5 Bd $1.7M -13% $2.2M $1.9M $1.9M
6 Bd n/a $625K $1.9M $7.0M
All $1.2M -16% $1.4M $1.4M $1.4M
# Beds Nov 14 - Dec 12 3 mo ago 6 mo ago 1 year ago
1 Bd $371K -1% n/a $345K $375K
2 Bd $517K -15% $582K $633K $612K
3 Bd $736K +2% $739K $763K $718K
4 Bd $772K -5% $840K $808K $815K
All $687K -0% $709K $740K $689K
# Beds Nov 14 - Dec 12 3 mo ago 6 mo ago 1 year ago
Studio n/a n/a n/a $279K
1 Bd $472K +18% $418K $387K $400K
2 Bd $575K +4% $618K $684K $555K
3 Bd $561K +21% $1.2M $838K $464K
All $536K +7% $652K $582K $499K
Note: +/- change calculated year-over-year

Oakville Housing Inventory

425
new listings
(last 28 days)
145
homes sold 1
(last 28 days)
33
average days on market
97%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings Nov 14 - Dec 12 Sold Listings Nov 14 - Dec 12 Active Listings Days on Market Sale to List
2 Bd 3 -63% 1 -75% 18 +20% n/a n/a
3 Bd 46 -45% 25 -31% 147 -8% 35 +6% 97.41% +1%
4 Bd 139 -29% 33 -46% 344 -5% 40 +25% 95.93% -0%
5 Bd 52 +58% 8 -33% 77 -4% 42 +20% 94.88% -1%
6 Bd 3 -40% 0 -100% 16 -6% n/a n/a
All 244 -25% 69 -39% 608 -5% 38 +15% 96.16% -0%
# of Beds New Listings Nov 14 - Dec 12 Sold Listings Nov 14 - Dec 12 Active Listings Days on Market Sale to List
1 Bd 0 2 +100% 0 -100% n/a n/a
2 Bd 12 -65% 9 -55% 11 -82% 19 -24% 98.52% +2%
3 Bd 69 -37% 35 -17% 119 -34% 27 -10% 97.81% 0%
4 Bd 10 -23% 6 +20% 22 -12% n/a 96.95%
All 91 -42% 53 -22% 152 -43% 25 -14% 97.76% +1%
# of Beds New Listings Nov 14 - Dec 12 Sold Listings Nov 14 - Dec 12 Active Listings Days on Market Sale to List
Studio 0 -100% 0 -100% 0 -100% n/a n/a
1 Bd 28 +8% 8 +14% 39 +11% 19 -27% 97.26% -1%
2 Bd 57 +24% 11 -42% 105 +17% 36 +9% 97.17% 0%
3 Bd 10 0% 3 -25% 32 +100% n/a n/a
All 95 +16% 23 -26% 179 +25% 33 +14% 97.2% -1%
Note: +/- change calculated year-over-year

Oakville Rankings
out of 23 in Greater Toronto

6th
Most expensive
22th
Fastest Growing
16th
Fastest Selling
22th
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 $1.6M $1.6M
#2 Mono $1.1M $1.1M
#3 Aurora $951K $807K
#4 Richmond Hill $942K $840K
#5 Caledon $921K $830K
#6 Oakville $918K $791K
#7 Whitchurch-Stouffville $908K $716K
#8 Vaughan $862K $801K
#9 East Gwillimbury $852K $810K
#10 Toronto $823K $660K
#11 Markham $820K $770K
#12 Uxbridge $738K $705K
#13 Bradford West Gwillimbury $712K $732K
#14 Newmarket $704K $678K
#15 Halton Hills $701K $633K
#16 Mississauga $701K $633K
#17 Brampton $695K $660K
#18 Milton $688K $672K
#19 Pickering $672K $628K
#20 Ajax $643K $615K
#21 New Tecumseth $567K $554K
#22 Orangeville $531K $528K
#23 Georgina $519K $535K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 East Gwillimbury 13.8%
#2 Mono 9.2%
#3 Uxbridge 7.9%
#4 Brampton 7.5%
#5 King 6.9%
#6 Whitchurch-Stouffville 6.5%
#7 Orangeville 5.7%
#8 Richmond Hill 5.5%
#9 New Tecumseth 5.0%
#10 Mississauga 4.7%
#11 Toronto 3.6%
#12 Milton 0.1%
#13 Ajax -1.5%
#14 Aurora -1.6%
#15 Bradford West Gwillimbury -1.8%
#16 Caledon -1.9%
#17 Halton Hills -2.4%
#18 Pickering -2.9%
#19 Georgina -6.1%
#20 Vaughan -6.4%
#21 Markham -6.8%
#22 Oakville -13.9%
#23 Newmarket -15.2%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Toronto 23 days
#2 Ajax 23 days
#3 Halton Hills 24 days
#4 Mississauga 26 days
#5 Brampton 26 days
#6 Newmarket 28 days
#7 Pickering 29 days
#8 Milton 29 days
#9 Markham 30 days
#10 Vaughan 30 days
#11 King 30 days
#12 Richmond Hill 30 days
#13 Whitchurch-Stouffville 32 days
#14 Caledon 32 days
#15 East Gwillimbury 32 days
#16 Oakville 33 days
#17 Orangeville 36 days
#18 Georgina 37 days
#19 Bradford West Gwillimbury 39 days
#20 Aurora 40 days
#21 Uxbridge 44 days
#22 New Tecumseth 46 days
#23 Mono 47 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Ajax 69.4%
#2 Toronto 66.0%
#3 Mississauga 59.7%
#4 Orangeville 57.7%
#5 Brampton 54.6%
#6 Aurora 52.1%
#7 Newmarket 51.9%
#8 Bradford West Gwillimbury 48.2%
#9 Georgina 48.0%
#10 Pickering 47.5%
#11 Markham 47.2%
#12 Uxbridge 46.9%
#13 Vaughan 45.9%
#14 Milton 45.9%
#15 New Tecumseth 44.3%
#16 Halton Hills 42.2%
#17 Richmond Hill 39.0%
#18 Mono 38.5%
#19 Caledon 36.1%
#20 King 35.1%
#21 East Gwillimbury 32.9%
#22 Oakville 27.2%
#23 Whitchurch-Stouffville 25.0%
Note: +/- change calculated year-over-year

Oakville vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2018-12-06
Oakville Data
Greater Toronto Data
Download as:
Last Updated: 2018-12-06

Have questions?

For media inquiries contact [email protected]

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 November 14 - December 12 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 Realtor 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."