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Oak Bay Real Estate

Homes for Sale & Sold Prices

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

Balanced
Market type
21
Pnd+sold (last month)
105
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about Oak Bay

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 $1.72M — currently -6.7% year-over-year — with 66 houses, 17 condos (median $706K), and 21 townhomes for sale. Houses typically sell in 34 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.

Underlined figures are live VREB MLS® data

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Live Data

Oak Bay

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Showing all property types·Sep 2026 · latest month

$1.43M
Median Sale Price
Sep 2026 · -9.6% vs Sep 2025
$1.75M
Avg. Sale Price
Sep 2026 · -4.1% vs Sep 2025
$673
Avg. Price per Sqft
Sep 2026 · -8.1% vs Sep 2025
39
Avg. Days on Market
Sep 2026 · -5 days vs Sep 2025
101.0%
Avg. Sale-to-Assessed Ratio
Last 90 days · 56 sales
96.5%
Avg. Sale-to-List Ratio
Sep 2026 · -0.5% vs Sep 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
Monthly Sales Trend
12-month rolling · Updated live
12 Month Median Price Trend
Median Price Trend
12-month rolling · Updated live
market analysis

How the Oak Bay market is moving

Median sold prices in Oak Bay are down 4.0% compared with a year ago (272 sales vs 272 a year earlier), and homes trade at a median of $673 per square foot. By property type, Oak Bay sees single-family homes around $1.72M, condos around $706K, townhomes around $1.35M. Recently, 16% of sales closed above the asking price, with homes averaging 39 days on market. Sale prices have been running near 101% 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.

Questions about Oak Bay?

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

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public record · bc assessment

Sold prices in Oak Bay

97 home sales registered with the Land Title Office, Jul to Sep 2026, including off-market sales. Updated monthly.

Shown here: off-market sales, homes that sold without a public listing. Free members see every registered sale.

Registered date vs sold date, and how registered prices differ from MLS® sold prices
Registered date (completion, Land Title registration)
The day the new owner's name is officially recorded on the title at the Land Title Office. It usually comes weeks, sometimes months, after the deal was agreed. Every date in this section is a registered date.
Sold date (contract or "firm" date)
The day all subjects are removed and buyer and seller are locked into the price. This is the date MLS® sold records use, and BC Assessment also works from the contract date when it analyses sales to set values.
Registered price vs MLS® sold price
A registered price is the price on the title transfer, as reported by BC Assessment: public record, including homes that were never listed. An MLS® sold price is recorded by the real estate board when a listed home sells; its details are for signed-in members. The two can differ (chattels, GST, adjustments).

Statistics here exclude multi-property transfers; sale ÷ assessed figures outside 50–160% (usually new construction) are left out, and resale growth needs a hold of at least six months.

median sale price
$1,568,00097 sales, Jul to Sep
sale ÷ assessed value, median
105.7%59 of 87 at or above assessed
growth per year since previous sale
+5.4%median of 81 resales, held 12.6 years

How sales compared with assessed value Jul to Sep

5<85785–90190–951595–10012100–10519105–11010110–11518115+100% = assessedsale price ÷ assessed value (%)
59 of 87 homes (68%) sold at or above their current BC Assessment value.

Median by home type Jul to Sep

type
sales
median
House with suite
14
$1.9M
House
57
$1.71M
Condo
13
$756K
Of homes bought in 2021–22 and resold this period, 2 of 11 sold for less than the owner paid, before costs.
Registration follows the deal by a few weeks: a September sale may register in October. Next update expected around Nov 10.

Recent registrations 5 of 97

registeredaddresstypeprice÷ assessedprevious sale
Sep 18, 20261024 Transit RdSep 18, 2026 · House
details
lot
4,233 sq ft
building
2-storey house, after 1990 semi-custom
use
Single Family Dwelling
BCA neighbourhood
South Oak Bay
House
new registration		$700,000
Sep 1, 20262-2456 Todd RdSep 1, 2026 · Townhouse
details
building
Strata townhouse
use
Strata Townhomes (Single Unit Ownership)
BCA neighbourhood
North Oak Bay
Townhouse
new registration		$1,500,000
Aug 27, 2026788 Transit RdAug 27, 2026 · House · previous sale 1981: $147K (+5.4%/yr) · 107% of assessed
details
assessed
$1,503,000
land + building
$1.37M + $136K
lot
8,250 sq ft
building
1-storey house, standard, 1930 or newer
use
Single Family Dwelling
BCA neighbourhood
South Oak Bay
House
resale		$1,600,000107%$147K · 1981+5.4%/yr
Aug 21, 20262980 Beach DrAug 21, 2026 · House with suite · previous sale 1997: $540K (+6.1%/yr) · 100% of assessed
details
assessed
$3,069,500
land + building
$3.01M + $62K
lot
22,276 sq ft
building
1-storey house, semi-custom, 1930 or newer
use
Residential Dwelling With Suite
BCA neighbourhood
Uplands
House with suite
resale		$3,085,000100%$540K · 1997+6.1%/yr
Aug 18, 20263250 Ripon RdAug 18, 2026 · House with suite · previous sale 1993: $456K (+4.7%/yr) · 99% of assessed
details
assessed
$2,139,900
land + building
$2.08M + $63K
lot
16,314 sq ft
building
1-storey house, semi-custom, 1930 or newer
use
Residential Dwelling With Suite
BCA neighbourhood
Uplands
House with suite
resale		$2,120,00099%$456K · 1993+4.7%/yr
92 more registered Jul to Sep. Members can sort, search and page through all 97 sales, and see which were private, off-market sales.
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Source: BC Assessment registered conveyances (Land Title Office registrations), used under licence. Analysis by 8X Real Estate. Not MLS® data. Prices are as registered and not edited by 8X. Terms of Use: no downloading, scraping or use for solicitation.

public record · bc assessment

Terms of use for registered sale data

Sale prices, registration dates and assessed values shown in blocks marked "public record" come from BC Assessment under licence and are shown by 8X Real Estate for your personal, non-commercial use in evaluating real estate. By viewing them you agree to the following.

  1. No downloading or extraction. You may read the data on this site. You may not copy, save, export or otherwise extract it, by hand or by any automated means.
  2. No scraping or crawling. Bots, scripts, extensions or any tool that reads these pages on your behalf are prohibited. We rate-limit and may block suspected automated use.
  3. No solicitation. You may not use an address, sale or assessment shown here to contact, market to or solicit a property owner or occupant.
  4. No redistribution. You may not republish, share, sell or make the data available to anyone else, including inside another product or report.
  5. As registered. Dates are Land Title Office registration dates and follow the contract by weeks. Prices and values are shown as supplied; 8X does not correct them. Report an error and we will pass it to BC Assessment.
  6. No warranty. BC Assessment and 8X Real Estate make no representation about accuracy or completeness. This is not an appraisal or a title search.

Registered sale data is separate from MLS® listing information, which is provided under the rules of the Victoria Real Estate Board and its own terms.

Full Terms of Use
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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 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

66 for sale
median $1.72M · -6.7% YoY (212 vs 218 sales)

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

Oak Bay Condos for Sale

17 for sale
median $706K · +11.5% YoY (40 vs 44 sales)

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

Oak Bay Townhomes for Sale

21 for sale
median $1.35M

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

Oak Bay homes for sale

Newest 12 of 106 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 balanced market with 4.2 months of inventory (MOI). There are 105 active listings and approximately 21 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 Oak Bay?
The current median home price in Oak Bay is $1.57M. This is down 4.0% compared to the same period last year (272 sales vs 272 a year earlier). This is based on 272 sales over the past 12 months.
How should I price my home in Oak Bay?
Homes in Oak Bay are currently selling at 96.5% of their list price, with an average of 39 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 39 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 Oak Bay?
The median price per square foot in Oak Bay is $673. 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 101.0% of their BC Assessment value (based on 56 recent sales). Homes are selling close to their BC Assessment values, suggesting assessments are reasonably aligned with market conditions.
How many homes are selling in Oak Bay?
In the last 30 days, 21 homes sold in Oak Bay. Over the past 12 months, 272 properties have sold. There are currently 105 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 complete months: Sep 2026 (21 sales), Aug 2026 (30 sales), Jul 2026 (24 sales). Over the past 12 months, there were 272 total sales.
How many homes, condos, and townhomes are for sale in Oak Bay?
There are currently 105 properties for sale in Oak Bay, including 66 single family homes, 17 condos, 21 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 $1.72M, -6.7% year-over-year (212 sales vs 218 a year earlier). The single family market is currently a seller's market with 3.8 months of inventory. Houses take an average of 34 days to sell. The median price per square foot is $697. Browse all 66 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 $706K, +11.5% year-over-year (40 sales vs 44 a year earlier). The condo market is currently a seller's market with 3.4 months of inventory. Condos take an average of 59 days to sell. The median price per square foot for condos is $616. There were 40 condo sales in the past 12 months. There are 17 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 $1.35M. The townhome market is currently a buyer's market with 9 months of inventory. Townhomes take an average of 26 days to sell. The median price per square foot is $645. There were 17 townhome sales in the past 12 months. See the 21 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 272 homes sold in Oak Bay over the past 12 months, with 21 selling in the last 30 days. The median sold price is $1.57M. Recent median sold prices: Sep 2026: $1.43M (21 sales), Aug 2026: $1.52M (30 sales), Jul 2026: $1.38M (24 sales). The figures above are public market statistics. Individual sales, with addresses, sold prices and photos, are available to signed-in members in the recently sold section (free account; real estate board rules require one).
What houses have recently sold in Oak Bay?
212 houses have sold in Oak Bay over the past 12 months, with 14 selling in the last 30 days. The median sold price for houses is $1.72M, -6.7% year-over-year (212 sales vs 218 a year earlier). Recent median prices: Sep 2026: $1.76M (14 sales), Aug 2026: $1.63M (20 sales), Jul 2026: $1.71M (18 sales). Individual house sales are available to signed-in members in the recently sold section (free account).
What condos have recently sold in Oak Bay?
40 condos have sold in Oak Bay over the past 12 months, with 5 selling in the last 30 days. The median sold price for condos is $706K, +11.5% year-over-year (40 sales vs 44 a year earlier). Recent median prices: Sep 2026: $585K (5 sales), Aug 2026: $618K (6 sales), Jul 2026: 4 sales. Individual condo sales are available to signed-in members in the recently sold section (free account).
What townhomes have recently sold in Oak Bay?
17 townhomes have sold in Oak Bay over the past 12 months, with 2 selling in the last 30 days. The median sold price for townhomes is $1.35M. Recent monthly sales (too few for a monthly median): Sep 2026: 2 sales, Aug 2026: 3 sales, Jul 2026: 2 sales. Individual townhome sales are available to signed-in members in the recently sold section (free account).
105 active listings · Live market data · Last refresh: · Source: Victoria Real Estate Board MLS® via 8X Real Estate
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