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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

$2,611,116

AVERAGE PRICE OF 123 HOMES

$2,931,024

AVERAGE PRICE OF 106 MULTI-MILLION DOLLAR HOMES

$3,977,000

AVERAGE PRICE OF 5 NEWLY BUILT HOMES

$3,794,000

AVERAGE PRICE OF 3 HOMES WITH A POOL

$1,761,475

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $2,611,116
Avg Bedrooms 3.69 beds
Avg Bathrooms 3.22 baths

Average Price by Bedrooms

1 bedroom $822,000
2 bedrooms $1,169,908
3 bedrooms $2,133,784
4 bedrooms $3,498,408
5 bedrooms $2,715,128
Oak Bay Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 119 104 90 78 74
Average Price $2,563,359 $2,624,489 $2,516,448 $2,453,235 $2,653,099
Avg Price Change -2.38% +4.29% +2.58% -8.15% -5.83%
Median Price $2,209,283 $2,097,185 $1,933,077 $1,834,435 $1,871,167
Med Price Change +5.35% +8.49% +5.38% -2.00% -9.04%
Avg Bedrooms 3.59 beds 3.55 beds 3.39 beds 3.5 beds 3.52 beds
Avg Bathrooms 3.11 baths 3.15 baths 3.06 baths 3.06 baths 3.15 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 123 $2,611,116 57 days
Multi-Million Dollar Homes 106 $2,931,024 54 days
Newly Built Homes 5 $3,977,000 29 days
Homes with a Pool 3 $3,794,000 35 days
Reduced Price Homes 8 $1,761,475 52 days