Sooke house market — prices, sold data & trends

Is Sooke a buyer's or seller's market?

As of the latest data, Sooke is a buyer's market. There are about 8.9 months of inventory — over 7 months gives buyers the upper hand. Around 9.9% of houses sold above asking, and the typical sale closed at 97.3% of list price.

How much does a house cost in Sooke?

The median sold price for a house in Sooke is $867K, down 0.3% from a year ago. The average sold price is $950K. That works out to roughly $435 per square foot.

Are houses in Sooke selling over asking?

9.9% of houses that sold in Sooke closed above their list price. The typical home sold at 97.3% of asking — just under list. Among the homes that sold over asking, the median premium was +$26.5k over asking.

How long do houses take to sell in Sooke?

Half of the houses that sold in Sooke went under contract within about 46 days — the median days on market. A longer time on market gives buyers more negotiating room.

Are home prices going up or down in Sooke?

Median sold prices in Sooke are down 0.3% year over year, at $867K. Currently 18.5% of active listings have cut their asking price at least once, a sign of steady pricing pressure.

Is now a good time to buy or sell in Sooke?

It depends which side you are on. With about 8.9 months of inventory, Sooke favours buyers. Buyers have more choice and negotiating room, with houses taking around 46 days to sell — sellers need to price sharply to stand out.

What is the best time of year to sell a home in Sooke?

Across the past two years, sales activity in Sooke has been strongest in October and quietest in December. In Greater Victoria the spring market — roughly March through June — is typically the busiest selling season, when buyer demand and prices tend to peak, with activity easing over the winter.

How many houses are for sale in Sooke?

As of the latest data there are 177 active house listings in Sooke. Over the period, 656 new listings came to market and 240 sold, which is about 8.9 months of inventory at the current sales pace.

Do houses in Sooke sell for more than their assessed value?

The typical home in Sooke sold at 101.3% of its BC-assessed value — about 1% above its BC Assessment. Assessments are set once a year and lag the market, so a ratio above 100% is common when prices are rising.

Directional market benchmarks from Repliers MLS, BC Assessment & VREB — not an appraisal or personalized advice.