Oak Bay Market Report
$2,504,584
AVERAGE PRICE OF 119 HOMES$2,751,177
AVERAGE PRICE OF 105 MULTI-MILLION DOLLAR HOMES$3,721,833
AVERAGE PRICE OF 6 NEWLY BUILT HOMES$4,977,667
AVERAGE PRICE OF 3 HOMES WITH A POOL$2,092,167
AVERAGE PRICE OF 6 REDUCED PRICE HOMESAverage Home
| Average Price | $2,504,584 |
| Avg Bedrooms | 3.58 beds |
| Avg Bathrooms | 2.97 baths |
Average Price by Bedrooms
| 1 bedroom | $552,633 |
| 2 bedrooms | $1,526,786 |
| 3 bedrooms | $2,159,650 |
| 4 bedrooms | $2,884,022 |
| 5 bedrooms | $3,299,419 |
Oak Bay Home Price Trends
| 4/2025 | 3/2025 | 2/2025 | 1/2025 | 12/2024 | |
|---|---|---|---|---|---|
| Total Listings | 99 | 81 | 67 | 55 | 70 |
| Average Price | $2,474,338 | $2,494,381 | $2,631,731 | $2,786,358 | $2,623,021 |
| Avg Price Change | -0.81% | -5.51% | -5.88% | +6.23% | +9.01% |
| Median Price | $1,936,827 | $1,886,884 | $2,037,171 | $1,969,352 | $1,861,411 |
| Med Price Change | +2.65% | -7.96% | +3.44% | +5.80% | +3.53% |
| Avg Bedrooms | 3.45 beds | 3.53 beds | 3.59 beds | 3.4 beds | 3.36 beds |
| Avg Bathrooms | 2.98 baths | 3.03 baths | 3.15 baths | 3.16 baths | 3.04 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 119 | $2,504,584 | 44 days |
| Multi-Million Dollar Homes | 105 | $2,751,177 | 43 days |
| Newly Built Homes | 6 | $3,721,833 | 32 days |
| Homes with a Pool | 3 | $4,977,667 | 65 days |
| Reduced Price Homes | 6 | $2,092,167 | 31 days |
