Oakville Real Estate Statistics

Oakville real estate average sold price in the last 30 days (October 29 - November 27) was $1,616,578, which is $197,846 (12.2%) higher than the average price of $1,418,732 in the previous 30 day period (September 29 - October 28), and $257,004 (15.9%) up from the same period 1 year ago ($1,359,574). Oakville real estate prices over the last 30 days are also $172,822 (10.7%) higher than the average selling price of $1,443,756 over the past year.

Oakville average sold price for homes was $1,851,049 in the last 30 days (October 29 - November 27), which is $100,296 (5.4%) up from the average home price of $1,750,753 in the previous 30 day period (September 29 - October 28), and $133,902 (7.2%) higher than the same period 1 year ago ($1,717,147). In the last 30 days Oakville the average home price was $28,874 (1.6%) higher than the average selling price of $1,822,175 over the last 12 months.

Average Oakville condo sold price over the last 30 days (October 29 - November 27) was $1,619,339. During this period it was $711,795 (44.0%) up from the average price of condo of $907,544 during the previous 30 days (September 29 - October 28), and $911,554 (56.3%) higher compared to the same period 1 year ago ($707,785). In the last 30 days Oakville the average condo price was $798,232 (49.3%) higher than the average selling price of $821,107 over the last year.

Average sold price of Oakville townhouse was $1,011,445 in the last 30 days (October 29 - November 27), down $85,668 (8.5%) from the average townhome price of $1,097,113 over the previous 30 days (September 29 - October 28), and $44,539 (4.4%) lower than during to the same period 1 year ago ($1,055,984). Over the last 30 days the average townhouse price in Oakville was $67,195 (6.6%) lower compared to the average selling price of $1,078,640 over the last 12 months.

Average selling price for Oakville real estate was $1,616,578 in the last 30 days (October 29 - November 27), which is collectively $53,955 (3.4%) lower than the average asking price of $1,609,528. This represents a decline of $11,005 (25.6%) compared to $42,950 (2.5%) Sold-Under-Asking price from the previous 30 day period (September 29 - October 28).

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 January, 2023 with $68,384 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 41.1% with 153 properties sold and 496 new properties listed in the past 30 days (October 29 - November 27). This represents an increase from 34.5% recorded during the previous 30 day period (September 29 - October 28), and a decrease from 59.1% compared to the same period one year ago.

Over the the last year the highest SNLR in Oakville was 80.8% recorded in April 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 153 properties that were successfully sold in Oakville in the last 30 days (October 29 - November 27) was 33 days, which is 15 days more than 18 days average in the previous 30 day period (September 29 - October 28) and 6 days longer than during the same period a year ago (27 days).

There were 366 delisted properties in Oakville, those that got either Expired, Suspended or Terminated over the last 30 days (October 29 - November 27) with an average of 49 days on the market. This is 8 days longer than the average of 41 days during the previous 30 day period (September 29 - October 28) and 2 days more compared to the same period last year average of 47 days on the market.

366 Oakville properties that didn't sell stayed on the market 48.5% longer than 153 that sucessfully sold over the last 30 days - 33 days when sold vs 49 days when delisted respectively.

Average Days on the Market in Oakville over the past 12 months for properties that have sold was 21.1 days, with 47.4 days for those properties that did not sell.

372 new properties were listed on the market in Oakville in the last 30 days (October 29 - November 27). During the same time 153 properties were sold and 366 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 147 properties (or 39.5%).

During the previous 30 day period (September 29 - October 28) there were 496 new properties listed, 171 sold and 372 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 130 new listings and a yearly average of 396 new listings per month.

There were a total of 185 homes listed during the last 30 days (October 29 - November 27), which is 49.7% of all properties listed in Oakville. This is a 41.5% decline compared with a previous 30 day period (September 29 - October 28) and 13.5% up from the same period a year ago. Over the past year an average of 223 homes are were listed per month.

99 condo units were listed in the last 30 days (October 29 - November 27) in Oakville, which represents 26.6% of all new listings. This is up 1.0% from the prior 30 day period (September 29 - October 28) and 106.2% more compared to the same period last year. There were 84 condos listed per month on average during the last 12 months.

88 townhomes were listed over the last 30 days (October 29 - November 27) in Oakville, which is 23.7% of all new real estate inventory. This is a 7.3% more than during the previous 30 day period (September 29 - October 28) and 83.3% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 89 a month.

There were a total of 90 homes sold during the last 30 days (October 29 - November 27), which is 58.8% of all properties sold in Oakville. This is a 4.3% decline compared with a previous 30 day period (September 29 - October 28) and 5.9% up from the same period a year ago. Over the past year an average of 134 homes are were sold per month.

28 condo units were sold in the last 30 days (October 29 - November 27) in Oakville, which represents 18.3% of all sold properties. This is down 17.6% from the prior 30 day period (September 29 - October 28) and 0.0% less compared to the same period last year. There were 45 condos sold per month on average during the last 12 months.

35 townhomes were sold over the last 30 days (October 29 - November 27) in Oakville, which is 22.9% of all sold real estate. This is a 18.6% less than during the previous 30 day period (September 29 - October 28) and 12.5% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 64 a month.