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Oak Bay

Oak Bay Real Estate

Homes for Sale & Sold Prices

Heritage charm, village character, and Victoria's finest waterfront estates

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Market type
30
Pnd+sold (last month)
102
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Oak Bay is Greater Victoria's most established and prestigious municipality — heritage character, village charm, and the region's finest waterfront estates. Oak Bay real estate ranges from grand Uplands estates and South Oak Bay heritage homes to character condos and townhomes near Oak Bay Avenue and Estevan Village. Top-rated schools (Oak Bay High, Glenlyon Norfolk, St. Michael's University School) and easy access to downtown make it a long-standing favourite for established buyers. The median single-family home sells for $1.73M — currently -7.5% year-over-year — with 68 houses, 19 condos (median $731K), and 14 townhomes for sale. Houses typically sell in 33 days. Browse every Oak Bay listing below by neighbourhood (Uplands, South Oak Bay, North Oak Bay, Henderson, Gonzales, Estevan) with sold prices and full market stats. Explore the live Oak Bay market dashboard for 24-month price trends, inventory and days-on-market.

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Market Pulse

Live Data

Oak Bay

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Uplands
South Oak Bay
North Oak Bay
Henderson
Gonzales
Estevan
$732
Avg. Price per Sqft
Aug 2026 · -10.0% vs Aug 2025
49
Avg. Days on Market
Aug 2026 · +6 days vs Aug 2025
104.0%
Avg. Sale-to-Assessed Ratio
Last 90 days · 67 sales
95.5%
Avg. Sale-to-List Ratio
Aug 2026 · -0.5% vs Aug 2025

Months of Inventory (MOI)

Active listings divided by the 3-month average sales pace — the standard methodology used by CREA and VREB. Responsive to filters

— MOI
Seller's (< 4) Balanced (4-6) Buyer's (> 6)
Current Status
—
From live data
12-Month Sales Volume Trend
22 Sales · Apr 2025
Monthly Sales Trend
12-month rolling · Updated live
22 Sales · Apr 2025
12 Month Median Price Trend
$1.2M Median · Apr 2025
Median Price Trend
12-month rolling · Updated live
$1.2M Median · Apr 2025
market analysis

How the Oak Bay market is moving

Median sold prices in Oak Bay are down 3.7% compared with a year ago, and homes trade at a median of $732 per square foot. By property type, Oak Bay sees single-family homes around $1.73M, condos around $731K, townhomes around $1.31M. Recently, 16% of sales closed above the asking price, with homes averaging 49 days on market. Sale prices have been running near 104% of BC Assessment value. Sales activity tends to peak around October and is quietest around December, a useful signal for timing a purchase or sale.

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Oak Bay

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on the market

Active Listings

Browse current properties for sale in this municipality

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

transaction history

Recently Sold in

Oak Bay

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

by property type

Oak Bay homes by type

Oak Bay Houses for Sale

68 for sale
median $1.73M · -7.5% YoY

Browse Oak Bay houses for sale →Oak Bay houses sold prices & stats →

Oak Bay Condos for Sale

19 for sale
median $731K · +20.7% YoY

Browse Oak Bay condos for sale →Oak Bay condos sold prices & stats →

Oak Bay Townhomes for Sale

14 for sale
median $1.31M

Browse Oak Bay townhomes for sale →Oak Bay townhomes sold prices & stats →
listings

Oak Bay homes for sale

12 homes for sale in Oak Bay
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Neighbourhoods in Oak Bay

EstevanGonzalesHendersonNorth Oak BaySouth Oak BayUplands
explore

Other Greater Victoria municipalities

Central SaanichColwoodEsquimaltHighlandsLangfordMetchosinNorth SaanichSaanichSidneySookeVictoriaView Royal
questions & answers

Oak Bay real estate FAQ

Is Oak Bay a buyer's or seller's market right now?
Oak Bay is currently a seller's market with 3.6 months of inventory (MOI). There are 102 active listings and approximately 30 sales in the last 30 days, indicating low inventory favouring sellers. A MOI below 4 indicates a seller's market, 4–6 is balanced, and above 6 is a buyer's market.
What is the median home price in Oak Bay?
The current median home price in Oak Bay is $1.57M. This is down 3.7% compared to the same period last year. This is based on 315 sales over the past 12 months.
How should I price my home in Oak Bay?
Homes in Oak Bay are currently selling at 95.5% of their list price, with an average of 49 days on market. Homes are selling below asking price, typical of a buyer's market. Pricing competitively from the start is important to avoid extended time on market. Of recent sales, 16% sold above list price and 75% sold below.
How long do homes take to sell in Oak Bay?
Homes in Oak Bay currently take an average of 49 days to sell, which is at a slower pace, giving buyers more time to negotiate. Pricing, condition, and location all affect individual sale timelines.
What is the price per square foot in Oak Bay?
The median price per square foot in Oak Bay is $732. This metric is useful for comparing value across different property sizes and types.
Are homes in Oak Bay selling above or below assessed value?
Homes in Oak Bay are selling at an average of 104.0% of their BC Assessment value (based on 67 recent sales). Homes are selling above their BC Assessment values, indicating the assessed values have not kept pace with market demand.
How many homes are selling in Oak Bay?
In the last 30 days, 30 homes sold in Oak Bay. Over the past 12 months, 315 properties have sold. There are currently 102 active listings on the market.
Are real estate sales increasing or decreasing in Oak Bay?
Sales volume in Oak Bay has been decreasing over the last 3 months: Jul 2026 (24 sales), Aug 2026 (30 sales), Sep 2026 (20 sales). Over the full 12-month period, there were 315 total sales.
How many homes, condos, and townhomes are for sale in Oak Bay?
There are currently 102 properties for sale in Oak Bay, including 68 single family homes, 19 condos, 14 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Oak Bay?
The median single family home price in Oak Bay is $1.73M (-7.5% year-over-year). The single family market is currently a seller's market with 3.3 months of inventory. Houses take an average of 33 days to sell. The median price per square foot is $764. Browse all 68 houses currently for sale in Oak Bay to see what is on the market.
What is the condo market like in Oak Bay?
The median condo price in Oak Bay is $731K (+20.7% year-over-year). The condo market is currently a balanced market with 4.4 months of inventory. Condos take an average of 88 days to sell. The median price per square foot for condos is $620. There were 46 condo sales in the past 12 months. There are 19 condos for sale in Oak Bay right now.
What is the townhome market like in Oak Bay?
The median townhome price in Oak Bay is $1.31M. The townhome market is currently a balanced market with 4.7 months of inventory. Townhomes take an average of 84 days to sell. The median price per square foot is $845. There were 18 townhome sales in the past 12 months. See the 14 townhomes for sale in Oak Bay on the market today.
What homes have recently sold in Oak Bay and for how much?
There have been 315 homes sold in Oak Bay over the past 12 months, with 30 selling in the last 30 days. The median sold price is $1.57M. Recent median sold prices: Jul 2026: $1.38M, Aug 2026: $1.52M, Sep 2026: $1.42M. Every sale is listed in the recently sold section on this page, with photos, sold prices, and days on market.
What houses have recently sold in Oak Bay?
248 houses have sold in Oak Bay over the past 12 months, with 20 selling in the last 30 days. The median sold price for houses is $1.73M (-7.5% year-over-year). Recent median prices: Jul 2026: $1.71M, Aug 2026: $1.63M, Sep 2026: $1.74M. Individual house sales are listed in the recently sold section on this page.
What condos have recently sold in Oak Bay?
46 condos have sold in Oak Bay over the past 12 months, with 6 selling in the last 30 days. The median sold price for condos is $731K (+20.7% year-over-year). Recent median prices: Jul 2026: $698K, Aug 2026: $618K, Sep 2026: $585K. Individual condo sales are listed in the recently sold section on this page.
What townhomes have recently sold in Oak Bay?
18 townhomes have sold in Oak Bay over the past 12 months, with 3 selling in the last 30 days. The median sold price for townhomes is $1.31M. Recent median prices: Jul 2026: $1.27M, Aug 2026: $1.34M, Sep 2026: $1.11M. Individual townhome sales are listed in the recently sold section on this page.
102 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate
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