Oakville Real Estate Market Report
Executive Summary
Jason ShawLocal expert · OakvilleThe Oakville, Ontario real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $1.2M, down 3.9% year-over-year.
There are currently 1,185 active listings, representing 4.5 months of inventory. According to Toronto Regional Real Estate Board, there were 248 sales and 575 new listings in July 2026. Inventory has increased 54.5% compared to last month.
Currently, listings spend an average of 38 days on market and the average price per square foot is $645.
Board Data vs Our Listings
| Metric | Toronto Regional Real Estate Board | Our Listings |
|---|---|---|
| Benchmark / Median Price | $1.2M | $1.5M |
| Average Price | $1.4M | $2.0M |
| Active Listings | 1,105 | 1,185 |
Detached properties make up the largest share of the Oakville market at 73% of active listings with an average price of $2.4M. Condo listings follow at 27% (avg $847K).
Sales Activity & Absorption
Volume
Market Signals
Toronto Regional Real Estate Board reported 248 sales this period, 403 new listings appeared in the past month.
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
At 4.5 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Oakville market currently has 1,185 active listings with a median price of $1.5M and 4.5 months of inventory.
According to Toronto Regional Real Estate Board, the composite benchmark price is $1.2M (-3.9% year-over-year). There were 248 sales recorded
- Low price reduction rate (0% of listings)
- Low sell-through rate (0%)
- Average price per square foot is $645
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark and sales statistics from Toronto Regional Real Estate Board. Prepared by Jason Shaw with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of August 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.