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Vieira Real Estate Associates Brokerage
CENTURY 21 Miller Real Estate Ltd, Brokerage
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Vieira Real Estate Associates Brokerage
CENTURY 21 Miller Real Estate Ltd, Brokerage
Oakville Real Estate Market Stats — August 2026
Prepared by Vieira Real Estate Associates • Updated September 2026
Quick take: Prices soften as inventory tightens
Sales: -3.79%
Avg Price: $1,324,472
Median: $1,200,000
Active: 957
Oakville stayed price-sensitive in August, with softer average prices and slightly fewer sales. The bigger shift is supply, as both new and active listings fell sharply year over year, which could give buyers less to choose from heading into the fall.
August 2026 Overview
Here's a quick look at what happened in the Oakville real estate market this August. The average sale price was $1,324,472 (-6.42% YoY), while the median price actually increased to $1,200,000 (+2.56% YoY).
A total of 203 homes sold (-3.79%), suggesting activity held relatively steady despite the decline in average price. Homes took just a little longer to sell, with average days on market at 39 days.
The bigger story may be supply. New listings fell nearly 39% and active inventory dropped almost 23% compared with last August. With considerably fewer homes coming to market, buyers may have less selection heading into the fall.
Highlights at a Glance
Total Sales
203
Change: -3.79%
Average Price
$1,324,472
-6.42% YoY
Median Price
$1,200,000
+2.56% YoY
Avg. Days on Market
39
+1 day
Active Listings
957
-22.82% YoY
New Listings
421
-38.54% YoY
Detached Sales
103
Change: -2.83%
Condo Sales
35
Change: -18.60%
All of Oakville — Key Metrics
| Metric | Value | Change (YoY) |
|---|---|---|
| Average Price | $1,324,472 | -6.42% |
| Median Price | $1,200,000 | +2.56% |
| # of Sales | 203 | -3.79% |
| Avg Days on Market | 39 | +1 day |
| New Listings | 421 | -38.54% |
| Active Listings | 957 | -22.82% |
Segment Breakdown
| Detached | |||
|---|---|---|---|
| Metric | Value | Change | Notes |
| Average Price | $1,787,896 | -5.84% | Largest segment of the market |
| Median Price | $1,604,000 | -4.10% | |
| # of Sales | 103 | -2.83% | |
| Avg DOM | 41 | +6 days | |
| New Listings | 216 | -33.13% | Fewer homes coming to market |
| Active Listings | 511 | -19.02% | Tighter supply than last year |
| Freehold Towns | |||
|---|---|---|---|
| Metric | Value | Change | Notes |
| Average Price | $1,052,614 | -5.51% | |
| Median Price | $946,000 | -10.63% | |
| # of Sales | 37 | -2.63% | Sales held fairly steady |
| Avg DOM | 29 | -8 days | Selling faster than last year |
| New Listings | 74 | -43.94% | |
| Active Listings | 147 | -15.03% | |
| Condo Apartments | |||
|---|---|---|---|
| Metric | Value | Change | Notes |
| Average Price | $705,448 | -8.10% | Largest price decline of any segment |
| Median Price | $515,000 | -9.97% | |
| # of Sales | 35 | -18.60% | |
| Avg DOM | 44 | -2 days | |
| New Listings | 82 | -47.77% | |
| Active Listings | 215 | -29.51% | Supply pulling back sharply |
What This Means for Buyers
Softer average prices give buyers some room to negotiate, and there is still enough on the market to be selective. That said, the drop in new and active listings means the window of wide choice may be narrowing. If you are prepared and pre-approved, acting while prices are soft could pay off before shrinking supply tightens competition this fall.
What This Means for Sellers
Fewer homes are competing for buyer attention right now, which works in your favour. Median prices even ticked up across Oakville overall. Buyers are still price-sensitive though, so preparation, staging, and a sharp pricing strategy remain the difference between a quick sale and a listing that lingers.
Your Move Starts Here
Buying, selling, or just curious about your home's value? Let's build a plan around your goals, grounded in Oakville data.
Prefer to talk to a person? Meet the Vieira Team — we love talking real estate.
Oakville Market FAQs — August 2026
Are prices going up or down?
It is mixed. The average price is down compared to last year at $1,324,472 (-6.42% YoY), but the median price actually rose to $1,200,000 (+2.56% YoY). That combination points to a market that is soft at the top end but steady in the middle.
Did sales hold up?
Yes, mostly. Overall sales dipped just 3.79% year over year to 203 transactions. Detached and freehold town sales were nearly flat, while the condo segment saw the biggest pullback at -18.60%.
What is happening with inventory?
Supply tightened noticeably. New listings fell 38.54% and active listings dropped 22.82% compared with last August. Fewer homes on the market could mean less choice for buyers heading into the fall.
Is now a good time to list?
With fewer homes competing for attention, well-priced and well-presented listings stand out more than usual. Buyers are still selective, so the right pricing strategy and marketing plan remain essential to a strong result.
Sources: Local MLS® data for August 2026. Figures rounded.
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