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Oakville
Real Estate Trends

Housing Market Report for August 2018

Current Oakville MLS stats indicate an average house price of $1,037,317 and 592 new listings in the last 28 days. As of today, Oakville housing data shows median days on market for a home is 31 days.

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Oakville Housing Prices

$1.0M
Avg sold price
2.2%
Monthly change
3.7%
Quarterly change
3.4%
Yearly change
$1.0M
Avg sold price
0.5%
Monthly change
2.4%
Quarterly change
5.3%
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 Jul 16 - Aug 13 3 mo ago 6 mo ago 1 year ago
2 Bd $921K -46% $1.0M $994K $1.7M
3 Bd $1.1M +11% $1.1M $1.1M $973K
4 Bd $1.5M +7% $1.5M $1.7M $1.4M
5 Bd $1.2M -21% $1.8M $1.5M $1.6M
6 Bd n/a n/a n/a n/a
All $1.3M +6% $1.3M $1.5M $1.3M
# Beds Jul 16 - Aug 13 3 mo ago 6 mo ago 1 year ago
1 Bd n/a n/a n/a n/a
2 Bd $615K -34% $558K $545K $935K
3 Bd $872K +23% $760K $730K $710K
4 Bd $1.2M +45% $665K $675K $799K
All $814K +7% $711K $686K $762K
# Beds Jul 16 - Aug 13 3 mo ago 6 mo ago 1 year ago
Studio n/a n/a n/a $263K
1 Bd $381K -1% $374K $382K $384K
2 Bd $635K +2% $727K $635K $623K
3 Bd $715K -48% $435K $1.4M $1.4M
All $577K +3% $583K $571K $560K
Note: +/- change calculated year-over-year

Oakville Housing Inventory

592
new listings
(last 28 days)
231
homes sold 1
(last 28 days)
31
average days on market
100%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings Jul 16 - Aug 13 Sold Listings Jul 16 - Aug 13 Active Listings Days on Market Sale to List
2 Bd 8 -11% 6 +20% 24 +9% 25 96.14%
3 Bd 66 -44% 33 -18% 155 -17% 32 +28% 95.3% -3%
4 Bd 219 +16% 68 +45% 387 +19% 29 +12% 97.02% +1%
5 Bd 42 -16% 5 -29% 110 +25% n/a n/a
6 Bd 3 -57% 0 9 -44% n/a n/a
All 341 -9% 113 +14% 692 +7% 31 +19% 96.48% -0%
# of Beds New Listings Jul 16 - Aug 13 Sold Listings Jul 16 - Aug 13 Active Listings Days on Market Sale to List
1 Bd 0 0 0 n/a n/a
2 Bd 10 -73% 22 +100% 11 -83% 28 -13% 97.11% 0%
3 Bd 74 -35% 55 +41% 109 -35% 25 0% 114.35% +17%
4 Bd 9 -40% 3 0% 19 +12% n/a n/a
All 93 -44% 80 +51% 139 -44% 26 0% 109.16% +12%
# of Beds New Listings Jul 16 - Aug 13 Sold Listings Jul 16 - Aug 13 Active Listings Days on Market Sale to List
Studio 1 0 -100% 2 n/a n/a
1 Bd 16 -27% 9 0% 31 -6% 37 +118% 96.89% -1%
2 Bd 56 +40% 22 +29% 110 +53% 35 +75% 96.63% -1%
3 Bd 25 +257% 3 +200% 43 +291% n/a n/a
All 98 +42% 33 +18% 187 +61% 38 +90% 96.51% -2%
Note: +/- change calculated year-over-year

Oakville Rankings
out of 23 in Greater Toronto

2nd
Most expensive
9th
Fastest Growing
10th
Fastest Selling
18th
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 $1.2M $1.0M
#2 Oakville $1.0M $870K
#3 Richmond Hill $1.0M $957K
#4 Mono $989K $985K
#5 Vaughan $987K $867K
#6 Aurora $918K $815K
#7 Uxbridge $918K $843K
#8 Markham $896K $852K
#9 Whitchurch-Stouffville $872K $804K
#10 Caledon $851K $770K
#11 East Gwillimbury $787K $743K
#12 Toronto $784K $653K
#13 Halton Hills $757K $673K
#14 Newmarket $749K $723K
#15 Milton $717K $690K
#16 Mississauga $700K $645K
#17 Brampton $695K $664K
#18 Pickering $682K $646K
#19 Bradford West Gwillimbury $650K $638K
#20 Ajax $625K $615K
#21 New Tecumseth $568K $520K
#22 Orangeville $548K $520K
#23 Georgina $499K $500K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 Uxbridge 27.5%
#2 Mono 21.3%
#3 Whitchurch-Stouffville 10.0%
#4 Orangeville 6.8%
#5 Halton Hills 6.7%
#6 Milton 5.0%
#7 Brampton 4.5%
#8 Richmond Hill 4.2%
#9 Oakville 3.4%
#10 Toronto 3.1%
#11 Aurora 1.7%
#12 Ajax 1.5%
#13 Mississauga 1.1%
#14 Markham -1.5%
#15 Pickering -1.9%
#16 Vaughan -1.9%
#17 Newmarket -3.0%
#18 Bradford West Gwillimbury -5.5%
#19 East Gwillimbury -5.5%
#20 Caledon -8.0%
#21 Georgina -19.5%
#22 King -25.2%
#23 New Tecumseth -30.5%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Ajax 20 days
#2 Toronto 22 days
#3 Brampton 23 days
#4 Milton 24 days
#5 Mississauga 25 days
#6 Orangeville 26 days
#7 Pickering 27 days
#8 Halton Hills 27 days
#9 Markham 28 days
#10 Vaughan 31 days
#11 Oakville 31 days
#12 Caledon 32 days
#13 Newmarket 33 days
#14 Richmond Hill 33 days
#15 Mono 33 days
#16 King 34 days
#17 Whitchurch-Stouffville 34 days
#18 Aurora 34 days
#19 Georgina 35 days
#20 Bradford West Gwillimbury 37 days
#21 Uxbridge 37 days
#22 East Gwillimbury 39 days
#23 New Tecumseth 43 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Toronto 46.3%
#2 Halton Hills 46.2%
#3 Orangeville 45.5%
#4 Ajax 42.9%
#5 Pickering 41.0%
#6 Mississauga 39.9%
#7 Bradford West Gwillimbury 37.6%
#8 New Tecumseth 36.6%
#9 Mono 35.3%
#10 Caledon 33.7%
#11 Milton 33.3%
#12 Brampton 33.2%
#13 Newmarket 32.9%
#14 Richmond Hill 30.2%
#15 Markham 29.5%
#16 Aurora 29.0%
#17 Oakville 28.6%
#18 Whitchurch-Stouffville 27.4%
#19 Georgina 26.5%
#20 Vaughan 24.6%
#21 King 21.5%
#22 Uxbridge 21.4%
#23 East Gwillimbury 18.9%
Note: +/- change calculated year-over-year

Oakville vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2018-08-08
Oakville Data
Greater Toronto Data
Download as:
Last Updated: 2018-08-08

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 July 16 - August 13 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."