The month in numbers
Oakville recorded 214 home sales in February 2024, representing $337,143,379 in total dollar volume. The average sale price was $1,575,436 and the median was $1,353,750. There were 489 new listings and 438 active listings at month end. Sold listings spent an average of 26 days on the market; property days on market, which include qualifying relistings, averaged 36 days. The average sale-to-list price ratio was 99%. These town-wide measures provide context; individual results depend on neighbourhood, property type, condition and asking price.
Listing days on market comparisons show the difference in days; other comparisons show percentage changes. Missing comparison data shows “Not available”; percentage changes require a nonzero baseline. MoM compares the previous calendar month; YoY compares the same month last year.
How much choice do buyers have?
Supply indicators
46.9% · Sales-to-new-listings trend
2.6 months · Inventory trend
TRREB trend measures use 12-month moving averages.
February brought approximately 2.3 new listings for every sale, with 438 homes available at month end. TRREB reported a 46.9% sales-to-new-listings trend and a 2.6-month inventory trend. Both measures use 12-month moving averages; the 46.9% trend is not February sales divided by February new listings, and the inventory trend is not calculated using February sales alone. The sales-to-new-listings trend suggests broadly balanced conditions, while competition can vary by neighbourhood and price range. February's 26 average listing days and 99% average sale-to-list price ratio indicate that sold homes transacted close to asking price on average. Compared with January 2024, sales rose 42.7%, the average sale price rose 8.5%, new listings rose 66.9%, and active listings rose 19.7%. Average listing days decreased by fourteen days. Average prices reflect the mix of sales rather than changes in the value of a constant property. February 2023 comparison data has not yet been added, so no year-over-year trend is inferred for February.
One town. Different markets.
| Transaction category | Sales | Average sale price |
|---|---|---|
| Detached | 110 | $2,209,270 |
| Semi-Detached | 7 | $1,226,857 |
| Att/Row/Townhouse | 34 | $1,214,446 |
| Condo Townhouse | 21 | $774,305 |
| Condo Apartment | 41 | $658,515 |
Detached homes accounted for 110 sales, approximately 51.4% of Oakville's total, at an average price of $2,209,270. Condo apartments recorded 41 sales at $658,515, attached/row townhouses 34 at $1,214,446, condo townhouses 21 at $774,305, and semi-detached homes seven at $1,226,857. These five categories account for 213 of the 214 total sales; the remaining one transaction is outside the five categories shown. Average prices reflect the mix of homes sold rather than price changes for a constant property. Small samples, particularly the seven semi-detached sales, can lead to substantial fluctuations between months.
Turning market data into a plan
For buyers
Compare suitable homes and recent comparable sales within your target neighbourhood and property type. February's 438 active listings provide options overall, while well-positioned homes may still attract competition. The 99% sale-to-list price ratio describes average prices for sold homes, not a guaranteed discount on an individual listing or necessarily its original asking price. Evaluate condition, costs and competing alternatives before deciding on offer terms.
For sellers
Use recent comparable sales and current competing listings for the same home type to set your asking price. With 489 new listings entering the market and 438 active listings at month end, preparation and pricing deserve careful attention. The average 26 listing days and 36 property days support allowing a realistic selling timeline and monitoring showing activity and feedback. The town-wide average price provides context but does not replace a property-specific valuation.
What does this market mean for your home?
Speak with The Fisher Group about buying or selling in Oakville.
A clear record of the market
February 2024 · Current report →
Data source
Toronto Regional Real Estate Board (TRREB)
Market terms & abbreviations
TRREB — Toronto Regional Real Estate Board. The regional real estate board that publishes the market statistics presented on this website.
Avg. / Ave. — Average. A summary measure calculated from the observations included in the reported period.
SP/LP — Sale Price-to-List Price Ratio. The ratio of average selling price to average listing price for firm sales, expressed as a percentage; it is not necessarily based on the original asking price and does not show the share of homes sold above asking.
LDOM — Listing Days on Market. The average number of days sold listings were on the market.
PDOM — Property Days on Market. The average number of days a property was on the market before selling, including repeat listings by the same seller and brokerage during the original listing contract period.
SNLR — Sales-to-New-Listings Ratio. The reported trend uses a 12-month moving average of sales divided by new listings, expressed as a percentage.
MOI — Months of Inventory. The reported inventory trend uses a 12-month moving average of active listings divided by sales to express supply in months.
YoY — Year over Year. The change compared with the same calendar month in the previous year.
MoM — Month over Month. The change compared with the previous calendar month.
Att/Row/Townhouse — Attached / Row / Townhouse. TRREB's transaction category for attached or row townhouses, shown separately from condo townhouses.
HPI — Home Price Index. An index that tracks price changes for benchmark homes while accounting for differences in property characteristics.
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