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Oakville
Real Estate Trends

Housing Market Report for February 2019

Current Oakville MLS stats indicate an average house price of $1,013,406 and 672 new listings in the last 28 days. As of today, Oakville housing data shows median days on market for a home is 28 days.

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Oakville Housing Prices

$1.0M
Avg sold price
9%
Monthly change
2.4%
Quarterly change
4.7%
Yearly change
$1.0M
Avg sold price
7.5%
Monthly change
12.4%
Quarterly change
10.6%
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 Jan 18 - Feb 15 3 mo ago 6 mo ago 1 year ago
2 Bd $1.2M -9% $1.0M $856K $1.3M
3 Bd $1.2M +12% $1.1M $1.1M $1.1M
4 Bd $1.4M -17% $1.5M $1.5M $1.7M
5 Bd $1.3M -16% $2.6M $1.3M $1.6M
6 Bd n/a n/a n/a n/a
All $1.3M -11% $1.4M $1.3M $1.5M
# Beds Jan 18 - Feb 15 3 mo ago 6 mo ago 1 year ago
1 Bd $406K $400K n/a n/a
2 Bd $649K +26% $475K $591K $514K
3 Bd $708K -5% $730K $927K $743K
4 Bd $998K +39% $499K $1.2M $720K
All $711K +2% $635K $840K $694K
# Beds Jan 18 - Feb 15 3 mo ago 6 mo ago 1 year ago
Studio n/a n/a $435K n/a
1 Bd $430K +13% $420K $394K $380K
2 Bd $638K +9% $538K $698K $583K
3 Bd $540K -61% $897K $829K $1.4M
All $534K +1% $563K $579K $530K
Note: +/- change calculated year-over-year

Oakville Housing Inventory

672
new listings
(last 28 days)
162
homes sold 1
(last 28 days)
28
average days on market
97%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings Jan 18 - Feb 15 Sold Listings Jan 18 - Feb 15 Active Listings Days on Market Sale to List
2 Bd 10 0% 3 +50% 21 +31% n/a n/a
3 Bd 114 -4% 30 +3% 160 +8% 29 +4% 96.83% -0%
4 Bd 219 -11% 51 -12% 339 +9% 28 -7% 95.69% 0%
5 Bd 67 +24% 4 -64% 91 +26% n/a n/a
6 Bd 15 +88% 0 20 +300% n/a n/a
All 425 -4% 89 -13% 636 +14% 28 0% 96.27% 0%
# of Beds New Listings Jan 18 - Feb 15 Sold Listings Jan 18 - Feb 15 Active Listings Days on Market Sale to List
1 Bd 0 1 0 n/a n/a
2 Bd 10 -70% 9 -44% 11 -70% 26 -13% 98.11% 0%
3 Bd 88 -34% 31 -46% 130 -8% 22 -27% 98.5% +2%
4 Bd 11 -56% 3 0% 15 -55% n/a n/a
All 109 -43% 44 -42% 156 -26% 22 -24% 98.31% +1%
# of Beds New Listings Jan 18 - Feb 15 Sold Listings Jan 18 - Feb 15 Active Listings Days on Market Sale to List
Studio 0 0 0 n/a n/a
1 Bd 34 -6% 13 +18% 35 -3% 36 +89% 97.4% -1%
2 Bd 77 +12% 13 -13% 115 +7% 28 -20% 98.11% 0%
3 Bd 24 +300% 2 +100% 33 +120% n/a n/a
All 136 +21% 28 +4% 189 +17% 34 +17% 97.65% -0%
Note: +/- change calculated year-over-year

Oakville Rankings
out of 23 in Greater Toronto

3rd
Most expensive
20th
Fastest Growing
11th
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 Mono $1.2M $1.1M
#2 King $1.2M $1.1M
#3 Oakville $1.0M $905K
#4 Vaughan $943K $845K
#5 Richmond Hill $918K $855K
#6 Whitchurch-Stouffville $872K $795K
#7 Caledon $855K $810K
#8 Aurora $850K $755K
#9 Toronto $830K $675K
#10 East Gwillimbury $827K $780K
#11 Markham $792K $735K
#12 Newmarket $760K $722K
#13 Milton $754K $683K
#14 Uxbridge $737K $740K
#15 Mississauga $712K $625K
#16 Bradford West Gwillimbury $696K $665K
#17 Brampton $692K $665K
#18 Halton Hills $678K $646K
#19 Ajax $638K $603K
#20 Pickering $637K $600K
#21 Georgina $581K $575K
#22 Orangeville $536K $525K
#23 New Tecumseth $530K $536K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 Mono 48.7%
#2 Georgina 15.3%
#3 Uxbridge 15.1%
#4 Milton 11.3%
#5 Mississauga 10.5%
#6 East Gwillimbury 6.9%
#7 Orangeville 6.6%
#8 Richmond Hill 5.6%
#9 Toronto 4.0%
#10 Brampton 3.8%
#11 Vaughan 2.9%
#12 King 1.4%
#13 Bradford West Gwillimbury 0.8%
#14 Ajax -1.5%
#15 Newmarket -2.7%
#16 Halton Hills -3.4%
#17 Aurora -3.7%
#18 Whitchurch-Stouffville -4.4%
#19 Oakville -4.7%
#20 Pickering -4.8%
#21 New Tecumseth -12.3%
#22 Markham -12.8%
#23 Caledon -16.9%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Halton Hills 19 days
#2 Toronto 21 days
#3 Ajax 21 days
#4 Mississauga 22 days
#5 Pickering 22 days
#6 Brampton 23 days
#7 Georgina 23 days
#8 Bradford West Gwillimbury 24 days
#9 Aurora 26 days
#10 Milton 26 days
#11 Markham 28 days
#12 Oakville 28 days
#13 Vaughan 29 days
#14 Newmarket 29 days
#15 Richmond Hill 30 days
#16 Mono 30 days
#17 Orangeville 30 days
#18 Caledon 31 days
#19 Uxbridge 32 days
#20 East Gwillimbury 33 days
#21 Whitchurch-Stouffville 39 days
#22 New Tecumseth 40 days
#23 King 43 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Orangeville 64.4%
#2 Brampton 53.8%
#3 Ajax 49.7%
#4 Toronto 48.6%
#5 Mississauga 44.0%
#6 Markham 41.4%
#7 Pickering 40.3%
#8 Richmond Hill 40.0%
#9 Milton 39.7%
#10 Bradford West Gwillimbury 39.4%
#11 Halton Hills 35.8%
#12 Newmarket 33.0%
#13 Vaughan 30.7%
#14 New Tecumseth 27.7%
#15 King 27.6%
#16 Georgina 27.6%
#17 Mono 27.3%
#18 Aurora 27.0%
#19 Caledon 26.5%
#20 East Gwillimbury 24.8%
#21 Uxbridge 24.6%
#22 Whitchurch-Stouffville 24.5%
#23 Oakville 20.8%
Note: +/- change calculated year-over-year

Oakville vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2019-02-10
Oakville Data
Greater Toronto Data
Download as:
Last Updated: 2019-02-10

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 January 18 - February 15 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."