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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

$2,789,605

AVERAGE PRICE OF 86 HOMES

$3,277,590

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$4,136,709

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$6,146,334

AVERAGE PRICE OF 3 HOMES WITH A POOL

$2,127,957

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $2,789,605
Avg Bedrooms 3.44 beds
Avg Bathrooms 3.33 baths

Average Price by Bedrooms

1 bedroom $2,134,117
2 bedrooms $1,672,340
3 bedrooms $2,652,756
4 bedrooms $3,009,200
5 bedrooms $3,715,294
Oak Bay Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 82 82 71 62 56
Average Price $2,695,328 $2,489,787 $2,482,262 $2,457,887 $2,474,688
Avg Price Change +8.26% +0.30% +0.99% -0.68% +6.67%
Median Price $2,224,317 $2,103,583 $2,163,588 $1,916,025 $1,990,620
Med Price Change +5.74% -2.85% +12.92% -3.89% +2.62%
Avg Bedrooms 3.55 beds 3.42 beds 3.36 beds 3.35 beds 3.29 beds
Avg Bathrooms 3.28 baths 3.12 baths 3.05 baths 3.08 baths 3.06 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 86 $2,789,605 48 days
Multi-Million Dollar Homes 71 $3,277,590 47 days
Newly Built Homes 11 $4,136,709 57 days
Homes with a Pool 3 $6,146,334 42 days
Reduced Price Homes 7 $2,127,957 48 days