The month in numbers
Oakville recorded 181 home sales in August 2024, representing $258,890,484 in total dollar volume. The average sale price was $1,430,334 and the median was $1,200,000. There were 496 new listings and 956 active listings at month end. Sold listings spent an average of 33 days on the market; property days on market, which include qualifying relistings, averaged 51 days. The average sale-to-list price ratio was 97%. 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
38.1% · Sales-to-new-listings trend
3.5 months · Inventory trend
TRREB trend measures use 12-month moving averages.
August brought approximately 2.7 new listings for every sale, with 956 homes available at month end. TRREB reported a 38.1% sales-to-new-listings trend and a 3.5-month inventory trend. Both measures use 12-month moving averages; the 38.1% trend is not August sales divided by August new listings, and the inventory trend is not calculated using August sales alone. The low sales-to-new-listings trend and available selection suggest conditions favourable to buyers overall, although competition can vary by neighbourhood and price range. Compared with July 2024, sales fell 1.6%, the average sale price fell 3.2%, new listings fell 17.2%, and active listings fell 1.5%. Average listing days increased by five days. Average prices reflect the mix of sales rather than changes in the value of a constant property. August 2023 comparison data has not yet been added, so no year-over-year trend is inferred for August.
One town. Different markets.
| Transaction category | Sales | Average sale price |
|---|---|---|
| Detached | 82 | $1,953,377 |
| Semi-Detached | 3 | $1,076,667 |
| Att/Row/Townhouse | 37 | $1,268,100 |
| Condo Townhouse | 17 | $842,178 |
| Condo Apartment | 41 | $813,338 |
Detached homes accounted for 82 sales, approximately 45.3% of Oakville's total, at an average price of $1,953,377. Condo apartments recorded 41 sales at $813,338, attached/row townhouses 37 at $1,268,100, condo townhouses 17 at $842,178, and semi-detached homes three at $1,076,667. These five categories account for 180 of the 181 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 three 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. August's 956 active listings provide options overall, while well-positioned homes may still attract competition. The 97% 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 496 new listings entering the market and 956 active listings at month end, preparation and pricing deserve careful attention. The average 33 listing days and 51 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
August 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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