Market intelligence

See the Oak Bay market more clearly.

A live view of active inventory, asking-price ranges, property types, and neighbourhood activity.

Current snapshot October 12, 2026 Updated from active listing data
Active listings 125 Currently available
New this week 8 Listed in the last 7 days
Median price $1.72M Median active asking price
Neighbourhoods 7 With active inventory

What the numbers say

The market at a glance

Oak Bay currently has 125 active residential listings. The median asking price across current inventory is $1.72M. Detached Homes make up the largest property category, with 74 active listings. The largest share of available inventory is currently in the $1M–$1.5M price range. Sales represented 8% of new listings in Sep 26. New supply substantially outpaced completed sales, indicating more buyer choice and stronger competition between sellers. The median sold listing spent 27 days on market. Properties sold for 99.4% of asking price on average.

Two years in view

Active listings and sales over time

Active listings Sales
Oak Bay monthly active listings and sales 0 50 100 150 Oct 24 Jan 25 Apr 25 Jul 25 Oct 25 Jan 26 Apr 26 Jul 26 Sep 26 Oct 24: 33 active listings Oct 24: 19 sales Nov 24: 19 active listings Nov 24: 26 sales Dec 24: 14 active listings Dec 24: 13 sales Jan 25: 38 active listings Jan 25: 19 sales Feb 25: 42 active listings Feb 25: 23 sales Mar 25: 47 active listings Mar 25: 25 sales Apr 25: 81 active listings Apr 25: 25 sales May 25: 66 active listings May 25: 24 sales Jun 25: 67 active listings Jun 25: 29 sales Jul 25: 48 active listings Jul 25: 28 sales Aug 25: 34 active listings Aug 25: 19 sales Sep 25: 60 active listings Sep 25: 25 sales Oct 25: 50 active listings Oct 25: 32 sales Nov 25: 27 active listings Nov 25: 22 sales Dec 25: 10 active listings Dec 25: 7 sales Jan 26: 39 active listings Jan 26: 13 sales Feb 26: 49 active listings Feb 26: 14 sales Mar 26: 55 active listings Mar 26: 24 sales Apr 26: 84 active listings Apr 26: 29 sales May 26: 75 active listings May 26: 26 sales Jun 26: 61 active listings Jun 26: 29 sales Jul 26: 61 active listings Jul 26: 20 sales Aug 26: 60 active listings Aug 26: 25 sales Sep 26: 104 active listings Sep 26: 8 sales

Market pulse · Sep 26

Average active listings 75

58% more active listings vs. the same 3-month period last year

Average sales / month 18

26% fewer sales vs. the same 3-month period last year

The numbers behind it.

Over the last three months, the market averaged 75 active listings and 18 sales per month. Median days on market averaged 36 days — 4 days slower than the same period last year. Sale-to-list averaged 98.0%, 0.7 percentage points higher than the same period last year.

Faint lines show monthly activity; the stronger lines are six-month averages. Residential and condominium records come from Repliers.

What happened to prices

Median single-family home sold price

24-month change -36.4%
Oak Bay monthly median single-family home sold price $1.2M $1.4M $1.6M $1.8M $2M $2.2M $2.4M $2.6M Oct 24 Apr 25 Oct 25 Apr 26 Sep 26 Oct 24: $2.25M median single-family sold price Nov 24: $1.82M median single-family sold price Dec 24: $1.95M median single-family sold price Jan 25: $1.7M median single-family sold price Feb 25: $1.85M median single-family sold price Mar 25: $1.78M median single-family sold price Apr 25: $2M median single-family sold price May 25: $1.72M median single-family sold price Jun 25: $1.9M median single-family sold price Jul 25: $1.55M median single-family sold price Aug 25: $1.99M median single-family sold price Sep 25: $1.85M median single-family sold price Oct 25: $1.75M median single-family sold price Nov 25: $1.73M median single-family sold price Dec 25: $1.49M median single-family sold price Jan 26: $1.69M median single-family sold price Feb 26: $1.58M median single-family sold price Mar 26: $1.82M median single-family sold price Apr 26: $1.75M median single-family sold price May 26: $1.75M median single-family sold price Jun 26: $1.57M median single-family sold price Jul 26: $1.71M median single-family sold price Aug 26: $1.59M median single-family sold price Sep 26: $1.43M median single-family sold price

Starting median $2.25M

Latest median $1.43M

Period high $2.25M Oct 24

Period low $1.43M Sep 26

Monthly median sold prices for single-family homes can move with the mix of properties sold. A change does not necessarily mean every individual property gained or lost the same amount.

Price distribution

Where current inventory sits

Browse all listings →
Under $1M
23 $1M–$1.5M
29 $1.5M–$2.25M
28 $2.25M–$3.5M
20 $3.5M+
24

Property types

Active listings by property type

Detached Homes 74 $2.61M median Condos 20 $749K median Townhomes 19 $1.3M median Lots & Land 11 $950K median

Neighbourhood activity

Where buyers have the most choice

Explore all areas →
Neighbourhood Active listings Median asking price
South Oak Bay Neighbourhood 48 listings Median $2.02M View area → Henderson Neighbourhood 23 listings Median $1.3M View area → Gonzales Neighbourhood 14 listings Median $3.63M View area → Unknown 13 listings Median $297K View area → Uplands Neighbourhood 10 listings Median $3.86M View area → North Oak Bay Neighbourhood 9 listings Median $1.45M View area → Estevan Neighbourhood 8 listings Median $2.1M View area →

Across Greater Victoria

Which markets are heating up or slowing down?

The latest complete month is compared with three months earlier using prices, days on market, sale-to-list ratios, and sales relative to new listings.

0 Heating Up 0 Steady 1 Mixed 3 Slowing Down
Oak Bay Current market Mixed -8.8% -6 days 99.4% 8% The indicators moved in different directions, without one clear market trend. Victoria Slowing Down +3.8% +23 days 96.0% 5% Multiple indicators softened, pointing to more buyer choice and slower market pressure. Saanich Slowing Down -6.5% +10 days 97.2% 6% Multiple indicators softened, pointing to more buyer choice and slower market pressure. Colwood Slowing Down -3.8% +41 days 97.1% 4% Multiple indicators softened, pointing to more buyer choice and slower market pressure.

Momentum describes recent direction, not whether a market is expensive or inexpensive. Median prices can also move when the mix of homes sold changes.

About this data

A current-inventory view

These figures describe active listing inventory and asking prices. They are not sold-price statistics or a formal market appraisal. Contact a local REALTOR® for advice based on your property, timing, and neighbourhood.

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