Royal Oak residential real estate market — Jun 2026

Is Royal Oak a buyer's or seller's market?

As of the latest data, Royal Oak is a seller's market. There are about 2.0 months of inventory — under 4 months typically favours sellers. Around 9.0% of homes sold above asking, and the typical sale closed at 98.3% of list price.

How much does a home cost in Royal Oak?

The median sold price for a home in the Royal Oak neighbourhood is $880K, up 7.2% from a year ago. The average sold price is $908K. That works out to roughly $594 per square foot.

Are homes in Royal Oak selling over asking?

9.0% of homes that sold in the Royal Oak neighbourhood closed above their list price. The typical home sold at 98.3% of asking — just under list. Among the homes that sold over asking, the median premium was +$20k over asking.

How long do homes take to sell in Royal Oak?

Half of the homes that sold in the Royal Oak neighbourhood went under contract within about 29 days — the median days on market. That is a moderate pace.

Are home prices going up or down in Royal Oak?

Median sold prices in the Royal Oak neighbourhood are up 7.2% year over year, at $880K. Currently 29.1% of active listings have cut their asking price at least once, a sign of softening pricing pressure.

Is now a good time to buy or sell in Royal Oak?

It depends which side you are on. With about 2.0 months of inventory, the Royal Oak neighbourhood favours sellers. Sellers have leverage, with homes moving in around 29 days and 9.0% selling over asking — buyers should be ready to act quickly and expect competition.

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

Across the past two years, sales activity in the Royal Oak neighbourhood has been strongest in July 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 homes are for sale in Royal Oak?

As of the latest data there are 21 active home listings in the Royal Oak neighbourhood. Over the period, 172 new listings came to market and 97 sold, which is about 2.0 months of inventory at the current sales pace.

Do homes in Royal Oak sell for more than their assessed value?

The typical home in the Royal Oak neighbourhood sold at 101.8% of its BC-assessed value — about 2% 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.