The month in numbers
Oakville recorded 261 home sales in May 2024, representing $415,506,138 in total dollar volume. The average sale price was $1,591,978 and the median was $1,460,000. There were 732 new listings and 871 active listings at month end. Sold listings spent an average of 19 days on the market; property days on market, which include qualifying relistings, averaged 29 days. The average sale-to-list price ratio was 98%. 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
41.3% · Sales-to-new-listings trend
3.0 months · Inventory trend
TRREB trend measures use 12-month moving averages.
May brought approximately 2.8 new listings for every sale, with 871 homes available at month end. TRREB reported a 41.3% sales-to-new-listings trend and a 3.0-month inventory trend. Both measures use 12-month moving averages; the 41.3% trend is not May sales divided by May new listings, and the inventory trend is not calculated using May sales alone. The sales-to-new-listings trend suggests broadly balanced conditions, while available selection can vary by neighbourhood and price range. May's 19 average listing days and 98% average sale-to-list price ratio indicate that sold homes could still transact promptly and close to asking price on average. Compared with April 2024, sales fell 9.1%, the average sale price rose 0.3%, new listings rose 8.6%, and active listings rose 21.0%. Average listing days increased by one day. Average prices reflect the mix of sales rather than changes in the value of a constant property. May 2023 comparison data has not yet been added, so no year-over-year trend is inferred for May.
One town. Different markets.
| Transaction category | Sales | Average sale price |
|---|---|---|
| Detached | 160 | $1,999,356 |
| Semi-Detached | 5 | $1,155,000 |
| Att/Row/Townhouse | 33 | $1,233,194 |
| Condo Townhouse | 23 | $813,680 |
| Condo Apartment | 40 | $760,603 |
Detached homes accounted for 160 sales, approximately 61.3% of Oakville's total, at an average price of $1,999,356. Condo apartments recorded 40 sales at $760,603, attached/row townhouses 33 at $1,233,194, condo townhouses 23 at $813,680, and semi-detached homes five at $1,155,000. These five categories account for all 261 sales and the full $415,506,138 in total dollar volume. Detached homes represented most transactions, so the overall average price is influenced by the mix of homes sold. Average prices do not measure price changes for a constant property. Small samples, particularly the five 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. May's 871 active listings provide options overall, while well-positioned homes may still attract competition. The 98% 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 732 new listings entering the market and 871 active listings at month end, preparation and pricing deserve careful attention. The average 19 listing days and 29 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
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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