Oakville Real Estate Statistics

Oakville real estate average sold price in the last 30 days (March 24 - April 22) was $1,460,188, which is $12,461 (0.9%) lower than the average price of $1,472,649 in the previous 30 day period (February 23 - March 23), and $109,003 (7.5%) down from the same period 1 year ago ($1,569,191). Oakville real estate prices over the last 30 days are also $6,247 (0.4%) lower than the average selling price of $1,466,435 over the past year.

Oakville average sold price for homes was $1,865,157 in the last 30 days (March 24 - April 22), which is $97,492 (5.2%) down from the average home price of $1,962,649 in the previous 30 day period (February 23 - March 23), and $100,842 (5.4%) lower than the same period 1 year ago ($1,965,999). In the last 30 days Oakville the average home price was $11,396 (0.6%) lower than the average selling price of $1,876,553 over the last 12 months.

Average Oakville condo sold price over the last 30 days (March 24 - April 22) was $739,067. During this period it was $59,015 (8.0%) up from the average price of condo of $680,052 during the previous 30 days (February 23 - March 23), and $60,672 (8.2%) higher compared to the same period 1 year ago ($678,395). In the last 30 days Oakville the average condo price was $82,516 (11.2%) lower than the average selling price of $821,583 over the last year.

Average sold price of Oakville townhouse was $1,040,568 in the last 30 days (March 24 - April 22), up $3,161 (0.3%) from the average townhome price of $1,037,407 over the previous 30 days (February 23 - March 23), and $109,162 (10.5%) lower than during to the same period 1 year ago ($1,149,730). Over the last 30 days the average townhouse price in Oakville was $49,927 (4.8%) lower compared to the average selling price of $1,090,495 over the last 12 months.

Average selling price for Oakville real estate was $1,460,188 in the last 30 days (March 24 - April 22), which is collectively $12,737 (0.8%) lower than the average asking price of $1,621,746. This represents a decline of $1,952 (18.1%) compared to $10,785 (0.7%) Sold-Under-Asking price from the previous 30 day period (February 23 - March 23).

The maximum Sold Over/Under Asking ratio in Oakville during the last 12 months was recorded in May, 2023 with an average of $30,205 over the asking price, while the minimum occurring in December, 2023 with $88,262 below the asking price.

Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Oakville was 65.5% with 364 properties sold and 494 new properties listed in the past 30 days (March 24 - April 22). This represents an increase from 60.7% recorded during the previous 30 day period (February 23 - March 23), and a decrease from 83.0% compared to the same period one year ago.

Over the the last year the highest SNLR in Oakville was 127.1% recorded in December and the lowest was in September at 34.7%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.

The Average Days on the Market (DOM) for 364 properties that were successfully sold in Oakville in the last 30 days (March 24 - April 22) was 17 days, which is 4 days less than 21 days average in the previous 30 day period (February 23 - March 23) and 2 days longer than during the same period a year ago (15 days).

There were 316 delisted properties in Oakville, those that got either Expired, Suspended or Terminated over the last 30 days (March 24 - April 22) with an average of 48 days on the market. This is 5 days shorter than the average of 53 days during the previous 30 day period (February 23 - March 23) and 7 days more compared to the same period last year average of 41 days on the market.

316 Oakville properties that didn't sell stayed on the market 182.4% longer than 364 that sucessfully sold over the last 30 days - 17 days when sold vs 48 days when delisted respectively.

Average Days on the Market in Oakville over the past 12 months for properties that have sold was 23.1 days, with 49.3 days for those properties that did not sell.

556 new properties were listed on the market in Oakville in the last 30 days (March 24 - April 22). During the same time 364 properties were sold and 316 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 124 properties (or 22.3%).

During the previous 30 day period (February 23 - March 23) there were 494 new properties listed, 300 sold and 204 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 613 new properties listed, the slowest - December with 118 new listings and a yearly average of 422 new listings per month.

There were a total of 301 homes listed during the last 30 days (March 24 - April 22), which is 54.1% of all properties listed in Oakville. This is a 19.4% increase compared with a previous 30 day period (February 23 - March 23) and 32.6% up from the same period a year ago. Over the past year an average of 230 homes are were listed per month.

120 condo units were listed in the last 30 days (March 24 - April 22) in Oakville, which represents 21.6% of all new listings. This is up 3.4% from the prior 30 day period (February 23 - March 23) and 46.3% more compared to the same period last year. There were 95 condos listed per month on average during the last 12 months.

135 townhomes were listed over the last 30 days (March 24 - April 22) in Oakville, which is 24.3% of all new real estate inventory. This is a 7.1% more than during the previous 30 day period (February 23 - March 23) and 57.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 98 a month.

There were a total of 209 homes sold during the last 30 days (March 24 - April 22), which is 57.4% of all properties sold in Oakville. This is a 25.1% increase compared with a previous 30 day period (February 23 - March 23) and 5.6% up from the same period a year ago. Over the past year an average of 138 homes are were sold per month.

65 condo units were sold in the last 30 days (March 24 - April 22) in Oakville, which represents 17.9% of all sold properties. This is down 3.0% from the prior 30 day period (February 23 - March 23) and 27.5% more compared to the same period last year. There were 49 condos sold per month on average during the last 12 months.

90 townhomes were sold over the last 30 days (March 24 - April 22) in Oakville, which is 24.7% of all sold real estate. This is a 36.4% more than during the previous 30 day period (February 23 - March 23) and 13.9% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 66 a month.