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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

$2,522,880

AVERAGE PRICE OF 133 HOMES

$2,701,686

AVERAGE PRICE OF 122 MULTI-MILLION DOLLAR HOMES

$2,890,833

AVERAGE PRICE OF 6 NEWLY BUILT HOMES

$4,402,475

AVERAGE PRICE OF 4 HOMES WITH A POOL

$3,327,666

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $2,522,880
Avg Bedrooms 3.71 beds
Avg Bathrooms 3.14 baths

Average Price by Bedrooms

1 bedroom $820,616
2 bedrooms $1,736,575
3 bedrooms $2,069,332
4 bedrooms $2,800,334
5 bedrooms $3,388,263
Oak Bay Home Price Trends
  6/2025 5/2025 4/2025 3/2025 2/2025
Total Listings 121 118 99 81 67
Average Price $2,501,043 $2,526,924 $2,474,338 $2,494,381 $2,631,731
Avg Price Change -1.03% +2.13% -0.81% -5.51% -5.88%
Median Price $1,972,827 $1,942,375 $1,936,827 $1,886,884 $2,037,171
Med Price Change +1.57% +0.29% +2.65% -7.96% +3.44%
Avg Bedrooms 3.62 beds 3.59 beds 3.45 beds 3.53 beds 3.59 beds
Avg Bathrooms 3.12 baths 3.03 baths 2.98 baths 3.03 baths 3.15 baths
Total Homes Average Price Avg Days on Site
All Homes 133 $2,522,880 55 days
Multi-Million Dollar Homes 122 $2,701,686 52 days
Newly Built Homes 6 $2,890,833 29 days
Homes with a Pool 4 $4,402,475 40 days
Reduced Price Homes 3 $3,327,666 54 days

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