Oakes, Hamilton - September 2026 Real Estate Report

Oakes, Hamilton: Your Neighbour Just Asked What Their House Is Worth - Here's the Real Answer

The Vibe Right Now

If you live in Oakes and you've been quietly wondering whether your home is holding its value, the short answer is: it depends on what you own. Houses and condos are telling two very different stories right now, and knowing which one applies to you could change how you think about this summer.

Houses: Holding Steady at the Top of the Market

Let's start with the good news for house owners. The average HonestDoor Price for a house in Oakes sits at $1,082,517. That's essentially flat - down just 0.07% from the previous period. When a market that ran this hot barely moves, that's stability, not a slide.

The sale data backs this up. The average sale price for houses is sitting at $1,200,000, with a price per square foot of around $440. The predicted market value of $1,083,246 is actually ticking upward against the 3-month moving average of $1,079,996. That's a quiet but real signal that house values here have a floor under them.

On the neighbourhood leaderboard, Oakes houses rank 55 out of 201 for growth in Hamilton - putting us in the above-average tier. For price, we rank 10 out of 73, which means we're sitting among the most expensive neighbourhoods in the city. That's not a bad place to be.

• Average HonestDoor Price (Houses): $1,082,517
• Average Sale Price: $1,200,000
• Price Per Square Foot: $440
• Predicted Market Value: $1,083,246
• 3-Month Moving Average: $1,079,996
• Rental Estimate: $4,438 per month
• Rental Yield: 4.54%
• Growth Rank: 55 out of 201 in Hamilton
• Price Rank: 10 out of 73 in Hamilton

For landlords or anyone thinking about renting out, a rental estimate of $4,438 per month with a yield of 4.54% is a solid return. That's real income, not just paper gains.

Condos: Taking a Breather

The condo picture is a bit more honest about where the market is right now. The average HonestDoor Price for condos in Oakes has dropped 5.21% to $657,456. The predicted market value of $693,610 is also drifting slightly below the 3-month moving average of $694,201. Values have shifted -0.92% recently. This isn't a crash - it's a breather - but condo owners should pay attention.

On the leaderboard, Oakes condos rank 68 out of 188 for growth in Hamilton. Still above average, but the momentum isn't as strong as it is for houses right now.

Compared to nearby neighbourhoods, Oakes condos sit between Horning (cheaper at around $603,854) and Marritt (slightly more expensive at around $753,860). We're in the middle of the pack on price, which means there's room to move in either direction.

• Average HonestDoor Price (Condos): $657,456
• Recent Change: -5.21%
• Predicted Market Value: $693,610
• 3-Month Moving Average: $694,201
• Rental Estimate: $3,164 per month
• Rental Yield: 3.46%
• Growth Rank: 68 out of 188 in Hamilton

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment - it's a snapshot from the past. The city looks at a fixed valuation date and that number gets used for years. A lot has happened to Oakes home values since then.

The HonestDoor Price is updated in real time using actual market activity. For houses, it's showing $1,082,517. For condos, it's showing $657,456. These numbers move with the market - not with a government update cycle. If you're making any financial decision - refinancing, selling, even just figuring out if your insurance coverage still makes sense - the HonestDoor Price is the real-world check you need. Your tax assessment is a historical document. Your HonestDoor Price is what's actually happening on your street today.

The So What - Should You Sell in Oakes This Summer?

If you own a house in Oakes, this summer is worth a serious look. Values are holding near the top of the Hamilton market, the predicted value is trending upward, and you're sitting in the top 14% of neighbourhoods by price. Buyers who want this part of the city still have to pay for it.

If you own a condo, the calculus is a little different. A 5.21% dip in the HonestDoor Price and a softening predicted value means the urgency to sell is higher if you were already thinking about it. Waiting for a rebound is a bet, not a plan. The rental yield of 3.46% is moderate - it covers costs, but it's not a windfall if you decide to hold and rent instead.

Either way, the first move is the same: check your HonestDoor Price today, compare it to what your neighbours are listed at, and have a real conversation about timing. The data is there. Use it.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.