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Royal Oak Real Estate

Vibrant town centre with shops, dining, and diverse housing options

Royal Oak

Saanich

Vibrant town centre with shops, dining, and diverse housing options
$821K
Median SOLD price
3 month
34
active now
30
avg. day on market
-5.9%
Yoy median price change
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Royal Oak is a vibrant town centre in west Saanich where Broadmead-style shops, casual restaurants, and diverse housing share the West Saanich Road corridor. Royal Oak real estate includes single-family homes, townhomes, and a growing slate of mid-rise condos near Royal Oak Shopping Centre, Commonwealth Place, and Elk Lake in Saanich. The Lochside Trail and Pat Bay Highway access keep the area highly connected. There are 6 homes for sale at a median of $1.14M. Detached homes sell in 34 days, with prices — year-over-year. Condo inventory sits at 15 with a median of $661K. Browse every Royal Oak listing below with sold data and live market stats. Explore the live Royal Oak market dashboard for 24-month price trends, inventory and days-on-market.

Royal Oak

Market Pulse

Live Data
$618
Avg Price per Sqft
+1.5% YoY · Jun–Aug 2026
30
Avg. Days on Market
-1.9% YoY · Jun–Aug 2026
106.0%
Avg. Sale-to-Assessed Ratio
Trailing 3 months
98.0%
Avg. Sale-to-List Ratio
High demand · 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 Royal Oak market is moving

Median sold prices in Royal Oak are up 3.4% compared with a year ago, and homes trade at a median of $589 per square foot. By property type, Royal Oak sees single-family homes around $1.14M, condos around $661K, townhomes around $905K. Recently, 14% of sales closed above the asking price, with homes averaging 35 days on market. Sale prices have been running near 106% of BC Assessment value. Sales activity tends to peak around May and is quietest around December, a useful signal for timing a purchase or sale.

Questions about

Royal Oak

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Get the inside scoop on off-market listings and upcoming inventory from our local specialist.

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DUSTIN MILLER
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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

Royal Oak

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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

Royal Oak homes by type

Royal Oak Houses for Sale

6 for sale
median $1.14M

Browse 6 Royal Oak houses for sale →Royal Oak houses sold prices & stats →

Royal Oak Condos for Sale

15 for sale
median $661K · +0.7% YoY

Browse 15 Royal Oak condos for sale →Royal Oak condos sold prices & stats →

Royal Oak Townhomes for Sale

13 for sale
median $905K

Browse 13 Royal Oak townhomes for sale →Royal Oak townhomes sold prices & stats →
listings

Royal Oak homes for sale

12 homes for sale in Royal Oak
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More Saanich neighbourhoods

ArbutusBeaver LakeBlenkinsopBroadmeadCadboro BayCamosunCedar HillCordova BayElk LakeGatewayGlanfordGordon HeadGorgeGranville
All Saanich homes for sale →
questions & answers

Royal Oak real estate FAQ

Is Royal Oak a buyer's or seller's market right now?
Royal Oak is currently a balanced market with 5.4 months of inventory (MOI). There are 34 active listings and approximately 2 sales in the last 30 days, indicating stable conditions with moderate inventory. 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 Royal Oak?
The current median home price in Royal Oak is $870K. This is up 3.4% compared to the same period last year. This is based on 185 sales over the past 12 months.
How should I price my home in Royal Oak?
Homes in Royal Oak are currently selling at 98.3% 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, 14% sold above list price and 76% sold below.
How long do homes take to sell in Royal Oak?
Homes in Royal Oak 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 Royal Oak?
The median price per square foot in Royal Oak is $589. This metric is useful for comparing value across different property sizes and types.
Are homes in Royal Oak selling above or below assessed value?
Homes in Royal Oak are selling at an average of 106.0% of their BC Assessment value (based on 12 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 Royal Oak?
In the last 30 days, 2 homes sold in Royal Oak. Over the past 12 months, 185 properties have sold. There are currently 34 active listings on the market.
Are real estate sales increasing or decreasing in Royal Oak?
Sales volume in Royal Oak has been decreasing over the last 3 months: Jun 2026 (9 sales), Jul 2026 (8 sales), Aug 2026 (2 sales). Over the full 12-month period, there were 185 total sales.
How many homes, condos, and townhomes are for sale in Royal Oak?
There are currently 34 properties for sale in Royal Oak, including 6 single family homes, 15 condos, 13 townhomes. Listings are updated daily from the MLS® system.
What is the single family home market like in Royal Oak?
The median single family home price in Royal Oak is $1.14M. The single family market is currently a buyer's market with 9 months of inventory. Houses take an average of 34 days to sell. The median price per square foot is $605. Browse all 6 houses currently for sale in Royal Oak to see what is on the market.
What is the condo market like in Royal Oak?
The median condo price in Royal Oak is $661K (+0.7% year-over-year). The condo market is currently a balanced market with 4.5 months of inventory. Condos take an average of 37 days to sell. The median price per square foot for condos is $649. There were 85 condo sales in the past 12 months. There are 15 condos for sale in Royal Oak right now.
What is the townhome market like in Royal Oak?
The median townhome price in Royal Oak is $905K. The townhome market is currently a balanced market with 5.6 months of inventory. Townhomes take an average of 33 days to sell. The median price per square foot is $494. There were 58 townhome sales in the past 12 months. See the 13 townhomes for sale in Royal Oak on the market today.
What homes have recently sold in Royal Oak and for how much?
There have been 185 homes sold in Royal Oak over the past 12 months, with 2 selling in the last 30 days. The median sold price is $870K. Recent median sold prices: Jun 2026: $830K, Jul 2026: $815K, Aug 2026: $804K. 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 Royal Oak?
39 houses have sold in Royal Oak over the past 12 months. The median sold price for houses is $1.14M. Recent median prices: Jun 2026: $1.08M, Jul 2026: $1.30M. Individual house sales are listed in the recently sold section on this page.
What condos have recently sold in Royal Oak?
85 condos have sold in Royal Oak over the past 12 months, with 1 selling in the last 30 days. The median sold price for condos is $661K (+0.7% year-over-year). Recent median prices: Jun 2026: $770K, Jul 2026: $570K, Aug 2026: $454K. Individual condo sales are listed in the recently sold section on this page.
What townhomes have recently sold in Royal Oak?
58 townhomes have sold in Royal Oak over the past 12 months, with 1 selling in the last 30 days. The median sold price for townhomes is $905K. Recent median prices: Jun 2026: $963K, Jul 2026: $1.00M, Aug 2026: $1.15M. Individual townhome sales are listed in the recently sold section on this page.
34 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate
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