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Oakville
Real Estate Trends

Housing Market Report for June 2020

Current Oakville MLS® stats indicate an average house price of $1,242,192 and 595 new listings in the last 28 days. As of today, Oakville housing data shows median days on market for a home is 50 days.

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Oakville Housing Prices

$1.2M
Avg sold price
20.7%
Monthly change
5.6%
Quarterly change
24.9%
Yearly change
$999K
Avg sold price
7.8%
Monthly change
7.5%
Quarterly change
1.3%
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 May 06 - Jun 03 3 mo ago 6 mo ago 1 year ago
2 Bd $1.1M +9% $1.2M $1.5M $1.0M
3 Bd $1.3M +17% $1.2M $1.1M $1.1M
4 Bd $1.6M +8% $1.7M $1.4M $1.5M
5 Bd $1.5M +4% $1.6M $1.9M $1.4M
6 Bd n/a $2.6M $1.3M n/a
All $1.5M +13% $1.5M $1.3M $1.3M
# Beds May 06 - Jun 03 3 mo ago 6 mo ago 1 year ago
1 Bd n/a n/a n/a n/a
2 Bd $608K +12% $646K $671K $542K
3 Bd $840K +4% $876K $744K $811K
4 Bd n/a $940K $826K $867K
All $748K +1% $839K $735K $741K
# Beds May 06 - Jun 03 3 mo ago 6 mo ago 1 year ago
Studio n/a n/a n/a n/a
1 Bd $485K +16% $503K $482K $420K
2 Bd $745K +21% $699K $649K $613K
3 Bd n/a $538K $330K $464K
All $589K +6% $591K $590K $558K
Note: +/- change calculated year-over-year

Oakville Housing Inventory

595
new listings
(last 28 days)
75
homes sold 1
(last 28 days)
50
average days on market
96%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings May 06 - Jun 03 Sold Listings May 06 - Jun 03 Active Listings Days on Market Sale to List
2 Bd 2 -83% 4 0% 10 -82% n/a n/a
3 Bd 76 -57% 14 -75% 119 -57% 50 +100% 95.32% -2%
4 Bd 204 -49% 34 -55% 300 -56% 53 +104% 95.7% -0%
5 Bd 44 -65% 1 -83% 63 -76% n/a n/a
6 Bd 4 -73% 0 9 -79% n/a n/a
All 333 -55% 53 -63% 506 -62% 52 +108% 95.57% -1%
# of Beds New Listings May 06 - Jun 03 Sold Listings May 06 - Jun 03 Active Listings Days on Market Sale to List
1 Bd 0 0 0 n/a n/a
2 Bd 10 -60% 4 -86% 9 -69% n/a n/a
3 Bd 73 -54% 6 -90% 63 -67% 44 +110% 97.21% -1%
4 Bd 5 -83% 0 -100% 9 -75% n/a n/a
All 88 -59% 11 -89% 82 -68% 47 +104% 97.58% -1%
# of Beds New Listings May 06 - Jun 03 Sold Listings May 06 - Jun 03 Active Listings Days on Market Sale to List
Studio 0 0 0 n/a n/a
1 Bd 13 -70% 6 -33% 14 -72% 35 +35% 98.55% -0%
2 Bd 41 -59% 4 -86% 54 -56% n/a n/a
3 Bd 25 -29% 0 -100% 21 -56% n/a n/a
All 80 -55% 11 -74% 90 -60% 47 +104% 97.8% -0%
Note: +/- change calculated year-over-year

Oakville Rankings
out of 23 in Greater Toronto

3rd
Most expensive
5th
Fastest Growing
18th
Fastest Selling
24th
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 $1.7M $1.5M
#2 Whitchurch-Stouffville $1.3M $900K
#3 Oakville $1.2M $965K
#4 Vaughan $1.2M $955K
#5 Markham $1.1M $955K
#6 Caledon $1.1M $858K
#7 Halton Hills $1.0M $925K
#8 Mono $1.0M $930K
#9 Richmond Hill $1.0M $928K
#10 Uxbridge $1.0M $835K
#11 Aurora $976K $830K
#12 Toronto $931K $750K
#13 Mississauga $889K $750K
#14 Newmarket $884K $795K
#15 East Gwillimbury $878K $875K
#16 New Tecumseth $822K $690K
#17 Bradford West Gwillimbury $815K $735K
#18 Brampton $772K $745K
#19 Milton $766K $743K
#20 Pickering $745K $707K
#21 Ajax $732K $698K
#22 Georgina $672K $585K
#23 Orangeville $614K $595K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 Whitchurch-Stouffville 42.2%
#2 Uxbridge 35.9%
#3 Halton Hills 33.5%
#4 New Tecumseth 33.4%
#5 Oakville 24.9%
#6 Vaughan 22.6%
#7 Markham 21.7%
#8 Georgina 20.3%
#9 Bradford West Gwillimbury 18.5%
#10 Mississauga 17.5%
#11 Newmarket 16.8%
#12 Aurora 13.1%
#13 Orangeville 8.6%
#14 East Gwillimbury 7.2%
#15 Brampton 7.0%
#16 Caledon 5.8%
#17 Mono 4.2%
#18 Ajax 3.9%
#19 King 2.7%
#20 Milton 1.9%
#21 Pickering 0.9%
#22 Toronto -0.1%
#23 Richmond Hill -0.5%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Pickering 35 days
#2 Ajax 36 days
#3 Milton 37 days
#4 Orangeville 37 days
#5 Aurora 38 days
#6 Brampton 39 days
#7 Toronto 40 days
#8 Mississauga 42 days
#9 Newmarket 42 days
#10 Whitchurch-Stouffville 43 days
#11 Caledon 43 days
#12 Richmond Hill 45 days
#13 Mono 45 days
#14 Markham 47 days
#15 Halton Hills 47 days
#16 East Gwillimbury 47 days
#17 Vaughan 48 days
#18 Oakville 50 days
#19 Georgina 51 days
#20 New Tecumseth 54 days
#21 Bradford West Gwillimbury 56 days
#22 Uxbridge 62 days
#23 King 63 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Orangeville 44.1%
#2 Pickering 26.6%
#3 Ajax 23.7%
#4 Caledon 23.6%
#5 Georgina 23.6%
#6 Brampton 22.1%
#7 Halton Hills 21.8%
#8 Milton 20.5%
#9 Newmarket 19.3%
#10 Mississauga 17.5%
#11 Uxbridge 17.1%
#12 Vaughan 17.0%
#13 Markham 16.9%
#14 Whitchurch-Stouffville 16.4%
#15 New Tecumseth 16.0%
#16 Bradford West Gwillimbury 16.0%
#17 King 15.0%
#18 Mono 14.8%
#19 East Gwillimbury 14.6%
#20 Aurora 14.6%
#21 Toronto 14.5%
#22 Richmond Hill 14.0%
#23 Oakville 10.4%
Note: +/- change calculated year-over-year

Oakville vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2020-05-25
Oakville Data
Greater Toronto Data
Download as:
Last Updated: 2020-05-25

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 May 05 - June 02 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."