Oak Bay, BC Real Estate
Home prices, sales activity and neighbourhood rankings for Oak Bay — prices moved +1.1% in 2026.
Avg. house price
$1,858,521
Sales in 2026 so far
86
Neighbourhoods
6
Market trends
How Oak Bay home prices are moving
Yearly averages from assessment records and recorded sales across the city.
Average price
Houses: $1,858,521
| Year | Houses |
|---|---|
| 2020 | $1,335,066 |
| 2021 | $1,453,050 |
| 2022 | $1,742,671 |
| 2023 | $1,889,371 |
| 2024 | $1,863,883 |
| 2025 | $1,838,985 |
| 2026 | $1,858,521 |
Year-over-year change
House + Condo, all neighbourhoods
| House + Condo | |
|---|---|
| 2021 | +7.1% |
| 2022 | +19.4% |
| 2023 | +8.6% |
| 2024 | -1.3% |
| 2025 | -1.3% |
| 2026 | +1.1% |
Sales activity
Recorded sales per year · 2026 is year to date
Houses
Condos
| Houses | Condos | |
|---|---|---|
| 2020 | 246 | 15 |
| 2021 | 306 | 21 |
| 2022 | 190 | 12 |
| 2023 | 73 | 7 |
| 2024 | 85 | 5 |
| 2025 | 74 | 6 |
| 2026 YTD | 81 | 5 |
The typical home
Average size of Oak Bay homes
Houses
Beds
4.0
Baths
3.0
Living area
2,060 sqft
Condos
Beds
3.0
Baths
2.0
Living area
2,193 sqft
Neighbourhood rankings
Top neighbourhoods in Oak Bay
Where prices are highest, rising fastest, and where homes trade most often.
Most expensive
Highest average property price · House + Condo, 2026
1
$2,854,818
2
$2,437,923
3
$1,820,733
4
$1,805,903
5
$1,710,156
6
$1,453,265
Fastest growing
Biggest year-over-year price growth · House + Condo, 2026
1
+5.11%
2
+1.63%
3
+1.47%
4
+1.47%
5
+0.41%
6
-1.45%
Explore neighbourhoods
Compare Oak Bay neighbourhoods
Average house prices across 6 residential neighbourhoods.
How home prices are spread
Number of neighbourhoods by average house price · median $1,384,683
| Neighbourhoods | |
|---|---|
| < $1.20M | 1 neighbourhood |
| $1.20M | 2 neighbourhoods |
| $1.40M | 1 neighbourhood |
| $1.60M | 0 neighbourhoods |
| $1.80M | 1 neighbourhood |
| $2.00M | 0 neighbourhoods |
| $2.20M | 0 neighbourhoods |
| $2.40M+ | 1 neighbourhood |
Neighbourhoods with fewer than 25 homes are excluded.
Neighbourhood list
- Uplands
603 properties
$2.51M
+10.0% - Gonzales
342 properties
$1.94M
+1.4% - South Oak Bay
2,931 properties
$1.42M
+7.7% - Estevan
885 properties
$1.35M
+15.4% - North Oak Bay
1,333 properties
$1.31M
+5.3% - Henderson
1,963 properties
$1.12M
+8.8%
Honestdoor services
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Learn MoreAll neighbourhoods
Neighbourhoods in Oak Bay
Largest neighbourhoods
View all 6 neighbourhoods A–Z
Oak Bay Real Estate Market Report
If you're looking to navigate the Oak Bay real estate landscape, Honestdoor's comprehensive Oak Bay real estate market report is your go-to resource. Whether you're a buyer, seller, or investor, staying informed about the latest real estate stats and trends is crucial. Our report offers a deep dive into the Oak Bay housing market, providing you with the data and insights you need to make informed decisions.
Key Highlights of the Oak Bay Housing Market
At Honestdoor, explore up-to-date statistics on the housing market in Oak Bay, including average home prices, sales volumes, listings, and market trends. Our detailed analysis helps you understand the fluctuations and dynamics of the real estate market in Oak Bay, giving you a clear picture of what to expect.
Top Oak Bay Neighbourhoods and Recent Activity
Our report also features an overview of the top-performing neighbourhoods in Oak Bay, offering insights into where the market is hottest. Discover where homes are selling quickly, which areas are seeing the most development, and where the best investment opportunities lie. Stay informed with Honestdoor's list of recently sold properties and recent permits in Oak Bay. This section provides a snapshot of real-time activity in the Oak Bay real estate market, helping you gauge market momentum and property prices in different neighbourhoods.
Why the Oak Bay Real Estate Market Report Matters
Whether you're tracking the Oak Bay housing market to buy your next home, sell your property, or invest in real estate, our report equips you with the essential information you need. With detailed Oak Bay stats, trends, MLS listings, and neighbourhood insights, you'll be well-prepared to make confident decisions in this dynamic market. Stay ahead with Honestdoor's report and explore the opportunities awaiting you in Oak Bay’s vibrant housing market.