Oakville
Real Estate Trends

Housing Market Report for April 2018

Current Oakville MLS stats indicate an average house price of $1,027,319 and 967 new listings in the last 28 days. As of today, Oakville housing data shows median days on market for a home is 25 days.

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Oakville Housing Prices

$1.0M
Avg sold price
2.5%
Monthly change
12.2%
Quarterly change
14.9%
Yearly change
$1.0M
Avg sold price
2.6%
Monthly change
7.2%
Quarterly change
19.1%
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 Mar 25 - Apr 22 3 mo ago 6 mo ago 1 year ago
2 Bd $1.3M +6% $769K $1.4M $1.2M
3 Bd $1.0M -19% $949K $1.1M $1.2M
4 Bd $1.4M -12% $1.3M $1.4M $1.6M
5 Bd $1.5M -24% $1.9M $1.7M $2.0M
6 Bd $5.9M +78% n/a $9.0M $3.3M
All $1.3M -13% $1.2M $1.4M $1.5M
# Beds Mar 25 - Apr 22 3 mo ago 6 mo ago 1 year ago
1 Bd n/a n/a n/a $480K
2 Bd $534K -21% $551K $549K $676K
3 Bd $754K -6% $744K $723K $799K
4 Bd $745K -26% $799K $914K $1.0M
All $704K -11% $696K $694K $789K
# Beds Mar 25 - Apr 22 3 mo ago 6 mo ago 1 year ago
Studio n/a n/a n/a n/a
1 Bd $392K +7% $367K $367K $367K
2 Bd $862K +29% $724K $627K $670K
3 Bd $386K -6% $299K $405K $411K
All $633K +10% $513K $465K $576K
Note: +/- change calculated year-over-year

Oakville Housing Inventory

967
new listings
(last 28 days)
271
homes sold 1
(last 28 days)
25
average days on market
97%
selling to listing price ratio

Number of Sales and Inventory

Average Days on Market

# of Beds New Listings Mar 25 - Apr 22 Sold Listings Mar 25 - Apr 22 Active Listings Days on Market Sale to List
2 Bd 10 -55% 4 -56% 21 +11% n/a n/a
3 Bd 181 -28% 49 -49% 227 +76% 20 +122% 96.6% -10%
4 Bd 317 -30% 87 -43% 472 +78% 25 +257% 96.33% -9%
5 Bd 82 -34% 11 -52% 98 +44% 26 +189% 101.39% -5%
6 Bd 16 -20% 1 0% 14 +40% n/a n/a
All 611 -31% 151 -47% 843 +68% 24 +200% 96.57% -9%
# of Beds New Listings Mar 25 - Apr 22 Sold Listings Mar 25 - Apr 22 Active Listings Days on Market Sale to List
1 Bd 0 -100% 0 -100% 0 -100% n/a n/a
2 Bd 47 -2% 18 -33% 51 +155% 20 +82% 100.15% -6%
3 Bd 146 -22% 55 -25% 206 +145% 21 +200% 97.5% -10%
4 Bd 26 +13% 7 -42% 36 +140% 23 +229% 97.68% -9%
All 222 -15% 80 -29% 296 +145% 21 +163% 97.96% -10%
# of Beds New Listings Mar 25 - Apr 22 Sold Listings Mar 25 - Apr 22 Active Listings Days on Market Sale to List
Studio 0 0 0 n/a n/a
1 Bd 52 +108% 17 +42% 51 +168% 27 +145% 98.56% -6%
2 Bd 73 +30% 20 -38% 115 +125% 47 +88% 94.6% -7%
3 Bd 14 +40% 2 -33% 18 +64% n/a n/a
All 139 +53% 39 -17% 184 +127% 37 +85% 95.79% -6%
Note: +/- change calculated year-over-year

Oakville Rankings
out of 23 in Greater Toronto

3rd
Most expensive
13th
Fastest Growing
17th
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 $1.4M $1.4M
#2 Mono $1.1M $1.1M
#3 Oakville $1.0M $925K
#4 Richmond Hill $1.0M $934K
#5 Vaughan $993K $884K
#6 Aurora $967K $880K
#7 Caledon $960K $835K
#8 Whitchurch-Stouffville $930K $835K
#9 Markham $879K $839K
#10 Toronto $866K $695K
#11 East Gwillimbury $831K $724K
#12 Halton Hills $812K $815K
#13 Newmarket $789K $750K
#14 Uxbridge $780K $680K
#15 Mississauga $710K $647K
#16 Milton $702K $655K
#17 Pickering $699K $643K
#18 Brampton $696K $662K
#19 Bradford West Gwillimbury $686K $654K
#20 Ajax $663K $630K
#21 New Tecumseth $611K $546K
#22 Georgina $556K $530K
#23 Orangeville $548K $540K
Price growth is the change in sale price from the same period last year.
City Price Growth
#1 Mono 6.5%
#2 Halton Hills -1.8%
#3 Orangeville -6.6%
#4 Toronto -7.6%
#5 Caledon -8.2%
#6 New Tecumseth -9.8%
#7 Brampton -10.3%
#8 King -12.4%
#9 Uxbridge -12.4%
#10 Ajax -12.6%
#11 Mississauga -12.9%
#12 Oakville -14.9%
#13 Milton -15.1%
#14 Pickering -16.4%
#15 Vaughan -16.8%
#16 Bradford West Gwillimbury -20.3%
#17 Aurora -21.5%
#18 Georgina -22.0%
#19 Newmarket -24.4%
#20 East Gwillimbury -25.9%
#21 Whitchurch-Stouffville -26.3%
#22 Richmond Hill -26.5%
#23 Markham -27.7%
Days on market is the length of time a listing is active and for sale.
City Days on Market
#1 Toronto 15 days
#2 Milton 16 days
#3 Mississauga 17 days
#4 Brampton 18 days
#5 Ajax 18 days
#6 Pickering 19 days
#7 Halton Hills 19 days
#8 Orangeville 19 days
#9 Aurora 21 days
#10 Markham 22 days
#11 Richmond Hill 22 days
#12 Uxbridge 22 days
#13 Vaughan 23 days
#14 Mono 23 days
#15 Newmarket 24 days
#16 Georgina 24 days
#17 Oakville 25 days
#18 Whitchurch-Stouffville 26 days
#19 Bradford West Gwillimbury 27 days
#20 Caledon 27 days
#21 East Gwillimbury 30 days
#22 New Tecumseth 33 days
#23 King 37 days
Turnover is the percentage of homes sold over listings added in the last 28 days.
City Turnover
#1 Orangeville 45.1%
#2 Toronto 44.1%
#3 Pickering 43.1%
#4 Brampton 41.3%
#5 Ajax 40.3%
#6 Bradford West Gwillimbury 40.1%
#7 Mississauga 39.9%
#8 Halton Hills 35.8%
#9 New Tecumseth 34.7%
#10 Caledon 34.3%
#11 Uxbridge 32.3%
#12 Milton 29.5%
#13 Markham 29.3%
#14 Newmarket 27.4%
#15 Aurora 27.3%
#16 Georgina 27.3%
#17 Vaughan 26.3%
#18 Richmond Hill 21.4%
#19 East Gwillimbury 21.3%
#20 Whitchurch-Stouffville 19.4%
#21 King 16.0%
#22 Oakville 15.9%
#23 Mono 8.0%
Note: +/- change calculated year-over-year

Oakville vs. Greater Toronto

Area
Price Type
Property Type
Download as:
Last Updated: 2018-04-16
Oakville Data
Greater Toronto Data
Download as:
Last Updated: 2018-04-16

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 March 25 - April 22 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."