Oak Bay Market Report

$2,643,216

AVERAGE PRICE OF 106 HOMES

$3,150,326

AVERAGE PRICE OF 85 MULTI-MILLION DOLLAR HOMES

$3,794,800

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$6,606,000

AVERAGE PRICE OF 3 HOMES WITH A POOL

$3,559,286

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $2,643,216
Avg Bedrooms 3.56 beds
Avg Bathrooms 3.17 baths

Average Price by Bedrooms

1 bedroom $559,266
2 bedrooms $864,200
3 bedrooms $2,187,684
4 bedrooms $3,390,263
5 bedrooms $3,232,047
Oak Bay Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 90 78 74 78 93
Average Price $2,516,448 $2,453,235 $2,653,099 $2,807,707 $2,540,254
Avg Price Change +2.58% -8.15% -5.83% +10.53% -9.74%
Median Price $1,933,077 $1,834,435 $1,871,167 $2,040,325 $1,966,517
Med Price Change +5.38% -2.00% -9.04% +3.75% -10.57%
Avg Bedrooms 3.39 beds 3.5 beds 3.52 beds 3.64 beds 3.43 beds
Avg Bathrooms 3.06 baths 3.06 baths 3.15 baths 3.32 baths 3.09 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 106 $2,643,216 50 days
Multi-Million Dollar Homes 85 $3,150,326 49 days
Newly Built Homes 5 $3,794,800 55 days
Homes with a Pool 3 $6,606,000 96 days
Reduced Price Homes 7 $3,559,286 63 days