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Oak Bay

Why you'd want to live in Oak Bay

We are a picture perfect, welcoming pocket of Victoria known for its spectacular seaside, vibrant villages, tree lined boulevards and exquisite Edwardian architecture. Unhurried and tranquil, Oak Bay is the perfect place to relax and explore at your own pace. via oakbaytourism.com

Oak Bay Market Report

$2,583,478

AVERAGE PRICE OF 56 HOMES

$3,035,967

AVERAGE PRICE OF 46 MULTI-MILLION DOLLAR HOMES

$4,260,980

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$5,048,000

AVERAGE PRICE OF 3 HOMES WITH A POOL

$2,495,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $2,583,478
Avg Bedrooms 3.41 beds
Avg Bathrooms 3.16 baths

Average Price by Bedrooms

1 bedroom $477,450
2 bedrooms $1,226,484
3 bedrooms $1,828,280
4 bedrooms $2,707,127
5 bedrooms $4,238,567
Oak Bay Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 56 67 78 76 84
Average Price $2,474,688 $2,319,845 $2,358,998 $2,400,423 $2,394,714
Avg Price Change +6.67% -1.69% -1.76% +0.24% -1.53%
Median Price $1,990,620 $1,939,775 $1,964,035 $2,034,850 $1,857,898
Med Price Change +2.62% -1.25% -3.61% +9.52% -8.62%
Avg Bedrooms 3.29 beds 3.49 beds 3.45 beds 3.36 beds 3.39 beds
Avg Bathrooms 3.06 baths 2.96 baths 3 baths 2.97 baths 2.97 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 56 $2,583,478 51 days
Multi-Million Dollar Homes 46 $3,035,967 55 days
Newly Built Homes 5 $4,260,980 48 days
Homes with a Pool 3 $5,048,000 99 days
Reduced Price Homes 1 $2,495,000 2 days