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North Oak Bay Real Estate

Stately homes and tree-canopied streets in a sought-after enclave

North Oak Bay

Oak Bay

Stately homes and tree-canopied streets in a sought-after enclave
$1.37M
Median SOLD price
3 month
9
active now
30
avg. day on market
N/A
Yoy median price change
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Oak Bay
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North Oak Bay is a sought-after enclave of stately homes and tree-canopied streets, set between Cadboro Bay Road and Henderson Park. Willows Beach, the Oak Bay Recreation Centre, and Carnarvon Park are the daily anchors, with the village shops of Estevan just to the south. North Oak Bay real estate features Tudor and Arts-and-Crafts character homes, post-war bungalows on generous lots, and a steady supply of high-end rebuilds favoured by long-term Oak Bay families. There are 4 homes for sale at a median of $1.50M. Houses move in 28 days, with prices — year-over-year. Browse every North Oak Bay listing below with sold data and live market stats. Explore the live North Oak Bay market dashboard for 24-month price trends, inventory and days-on-market.

North Oak Bay

Market Pulse

Live Data
$593
Avg Price per Sqft
Jun–Aug 2026
30
Avg. Days on Market
Jun–Aug 2026
110.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
93.7%
Avg. Sale-to-List Ratio
Below list · Jun–Aug 2026

Months of Inventory (MOI)

The time it would take to sell all current listings at the current sales pace. Responsive to filters.

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

How the North Oak Bay market is moving

Homes in North Oak Bay trade at a median of $678 per square foot. By property type, North Oak Bay sees single-family homes around $1.50M, condos around $585K, townhomes around $1.29M. Recently, 20% of sales closed above the asking price, with homes averaging 35 days on market. Sale prices have been running near 110% of BC Assessment value. Sales activity tends to peak around September and is quietest around November, a useful signal for timing a purchase or sale.

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North Oak Bay

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on the market

Active Listings

Browse current properties for sale in this municipality

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

North Oak Bay

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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.

by property type

North Oak Bay homes by type

North Oak Bay Houses for Sale

4 for sale
median $1.50M

Browse 4 North Oak Bay houses for sale →North Oak Bay houses sold prices & stats →

North Oak Bay Condos for Sale

5 for sale
median $585K

Browse 5 North Oak Bay condos for sale →North Oak Bay condos sold prices & stats →
listings

North Oak Bay homes for sale

10 homes for sale in North Oak Bay
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More Oak Bay neighbourhoods

EstevanGonzalesHendersonSouth Oak BayUplands
All Oak Bay homes for sale →
questions & answers

North Oak Bay real estate FAQ

Is North Oak Bay a buyer's or seller's market right now?
North Oak Bay is currently a seller's market with 3.4 months of inventory (MOI). There are 9 active listings and approximately 1 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 North Oak Bay?
The current median home price in North Oak Bay is $1.50M. This is based on 54 sales over the past 12 months.
How should I price my home in North Oak Bay?
Homes in North Oak Bay are currently selling at 97.1% of their list price, with an average of 35 days on market. Homes are selling close to asking price. Pricing at fair market value is recommended for a timely sale. Of recent sales, 20% sold above list price and 76% sold below.
How long do homes take to sell in North Oak Bay?
Homes in North Oak Bay currently take an average of 35 days to sell, which is at a moderate pace. Pricing, condition, and location all affect individual sale timelines.
What is the price per square foot in North Oak Bay?
The median price per square foot in North Oak Bay is $678. This metric is useful for comparing value across different property sizes and types.
Are homes in North Oak Bay selling above or below assessed value?
Homes in North Oak Bay are selling at an average of 110.0% of their BC Assessment value (based on 4 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 North Oak Bay?
In the last 30 days, 1 homes sold in North Oak Bay. Over the past 12 months, 54 properties have sold. There are currently 9 active listings on the market.
Are real estate sales increasing or decreasing in North Oak Bay?
Sales volume in North Oak Bay has been decreasing over the last 3 months: Jun 2026 (4 sales), Jul 2026 (3 sales), Aug 2026 (1 sales). Over the full 12-month period, there were 54 total sales.
How many homes, condos, and townhomes are for sale in North Oak Bay?
There are currently 9 properties for sale in North Oak Bay, including 4 single family homes, 5 condos. Listings are updated daily from the MLS® system.
What is the single family home market like in North Oak Bay?
The median single family home price in North Oak Bay is $1.50M. The single family market is currently a seller's market with 1.5 months of inventory. Houses take an average of 28 days to sell. The median price per square foot is $692. Browse all 4 houses currently for sale in North Oak Bay to see what is on the market.
What homes have recently sold in North Oak Bay and for how much?
There have been 54 homes sold in North Oak Bay over the past 12 months, with 1 selling in the last 30 days. The median sold price is $1.50M. Recent median sold prices: Jun 2026: $1.38M, Jul 2026: $1.32M, Aug 2026: $1.50M. 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 North Oak Bay?
50 houses have sold in North Oak Bay over the past 12 months, with 1 selling in the last 30 days. The median sold price for houses is $1.50M. Recent median prices: Jun 2026: $1.38M, Jul 2026: $1.32M, Aug 2026: $1.50M. Individual house sales are listed in the recently sold section on this page.
9 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate
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