Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Oakville detached prices have nearly levelled off: the median was $1,625,000 from January to October 2026, down 3.0% from 2025, and the October detached benchmark was up 0.56% year over year. Condos are weaker. With 4.9 months of inventory, Oakville still leans toward buyers going into 2027, and forecasters expect only small price gains.
This guide is for Oakville homeowners and buyers who want a clear read on the market before making a move in 2027. You will get sold prices for every home type over two years, the latest October 2026 numbers, how the market moved month by month, what is being built, and what forecasters expect, with my own view clearly labelled.
What is happening to Oakville house prices?
Oakville prices are lower than two years ago, but detached houses have held up better than in most of the GTA. From January to October 2026, the median detached house in Oakville sold for $1,625,000. That is 3.0% below the same period of 2025 and 7.8% below 2024. Attached homes and condos fell further.
| Home type | Median 2024 | Median 2025 | Median 2026 | 1-year change | 2-year change | Sales 2026 | Avg days on market 2024 / 2026 |
|---|---|---|---|---|---|---|---|
| Detached | $1,763,000 | $1,675,000 | $1,625,000 | -3.0% | -7.8% | 1,162 | 24 / 33 |
| Semi-detached | $1,170,000 | $1,134,500 | $985,000 | -13.2% | -15.8% | 77 | 14 / 27 |
| Freehold townhouse | $1,150,000 | $1,090,000 | $1,005,000 | -7.8% | -12.6% | 338 | 21 / 31 |
| Condo townhouse | $750,000 | $744,500 | $712,500 | -4.3% | -5.0% | 168 | 24 / 34 |
| Condo apartment | $620,000 | $562,000 | $528,000 | -6.0% | -14.8% | 335 | 37 / 45 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025 and 2024. Median sold prices and average days on market, Town of Oakville. Two-year change is my calculation. Only 77 semis sold, so that line can swing.
The median is the middle sale, so a few very large sales do not distort it. Two things stand out. First, detached sales actually rose in 2026, to 1,162 from 1,071, as buyers came back once prices eased. Second, every home type is taking longer to sell than in 2024. A detached house that took about three and a half weeks in 2024 now takes closer to five. If you want a value for your own home type, my guide to what your Oakville house is worth goes deeper.
Is Oakville a buyer’s market or a seller’s market in late 2026?
It leans toward buyers, more than most of Halton. Months of inventory is TRREB’s estimate of how long it would take to sell every active listing at the recent pace. Oakville was at 4.9 in October 2026, against 3.6 in Burlington and 4.2 for Halton as a whole. Homes sold for 95% of their final asking price on average, so buyers had room to negotiate.
| Oakville, all home types | October 2025 | October 2026 |
|---|---|---|
| Sales | 249 | 191 |
| Median price | $1,210,000 | $1,220,000 |
| New listings | 669 | 531 |
| Active listings at month end | 1,247 | 1,025 |
| Months of inventory (12-month trend) | 5.4 | 4.9 |
| Sale price vs list price | 95% | 95% |
| Avg days on market (this listing / all listings) | 33 / 54 | 37 / 53 |
Source: TRREB Market Watch, October 2025 and October 2026, Town of Oakville, all home types.
The detail matters. October sales fell 23% from a year earlier, but active listings fell about 18%, so the supply of homes for sale is shrinking too. That is why months of inventory dropped from 5.4 to 4.9. It is still a market where buyers can take their time, but it is a little less one-sided than a year ago.
What sold in October 2026, by type
Detached houses made up 106 of the 191 sales, at a median of $1,580,500, with 568 still for sale at month end. Attached and row houses sold at a median of $972,000 (33 sales), condo townhouses at $660,000 (11 sales) and condo apartments at $523,750 (34 sales). Condo apartments were the slowest, at 51 days on market. One month is a small sample, so use these as a check on the year-to-date figures above, not a replacement.
How did Oakville prices move month by month in 2026?
Oakville followed the usual spring pattern, with a strong peak in April to June and a sharp drop in July.
| 2026 | Sales | Median price | Sale vs list | Avg days on market | Months of inventory |
|---|---|---|---|---|---|
| January | 105 | $1,120,000 | 95% | 43 | 5.7 |
| February | 156 | $1,180,000 | 94% | 36 | 5.6 |
| March | 191 | $1,229,000 | 96% | 33 | 5.5 |
| April | 254 | $1,338,000 | 95% | 30 | 5.4 |
| May | 304 | $1,380,500 | 96% | 32 | 5.3 |
| June | 297 | $1,360,000 | 96% | 29 | 5.1 |
| July | 248 | $1,182,500 | 96% | 38 | 5.0 |
| August | 203 | $1,200,000 | 95% | 39 | 4.9 |
| September | 162 | $1,211,500 | 96% | 32 | 4.9 |
| October | 191 | $1,220,000 | 95% | 37 | 4.9 |
Source: TRREB Market Watch, January to October 2026 monthly editions, Town of Oakville, all home types, as first reported.
The monthly median swings partly because more large detached homes sell in spring. The steadier signal is the last column. Months of inventory fell steadily, from 5.7 in January to 4.9 by August, and held there. Oakville is still a buyer-leaning market, but it has been inching toward balance all year.
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What is the MLS benchmark price in Oakville?
TRREB’s MLS Home Price Index tracks the price of a “typical” home, which smooths out the mix of what happened to sell. In October 2026 it showed Oakville houses roughly flat over the year and Oakville condos still falling.
| MLS HPI type, October 2026 | Oakville benchmark | Change vs October 2025 |
|---|---|---|
| Composite (all types) | $1,148,800 | -0.29% |
| Single-family detached | $1,624,600 | +0.56% |
| Single-family attached | $1,027,000 | +0.35% |
| Townhouse | $703,400 | -4.50% |
| Apartment | $537,300 | -7.72% |
Source: TRREB Market Watch, October 2026, MLS Home Price Index by municipality.
For comparison, the GTA-wide composite benchmark was down 4.3% over the same year. Oakville’s detached benchmark was one of only a few in the TRREB area with a gain, along with Burlington’s. Condo apartments are the weak spot: a fall of nearly 8% in a year. If you own one, my guide to Oakville condo values explains what separates one unit from another.
Which Oakville communities are the busiest?
TRREB splits Oakville into 23 communities in its quarterly community reports, including Bronte, Bronte Creek, Central, Clearview, College Park, Falgarwood, Ford, Glen Abbey, Glenorchy, Joshua Creek, Joshua Meadows, Morrison, Old Oakville, River Oaks, Southwest, Wedgewood Creek, West Oak Trails and Westmount.
In the second quarter of 2026, the most sales were in River Oaks (106), Glenorchy (86), Westmount (78), Bronte (76), and Glen Abbey and the West community (72 each). Busy communities give you more recent sales to price against, which helps both buyers and sellers. Quieter, high-end pockets have fewer sales, so a single deal can swing the numbers. For what each area is like to live in, see my top 5 Oakville neighbourhoods for 2027.
What is being built in Oakville?
More than in most of the GTA. Ontario gave Oakville a target of 33,000 new homes between 2022 and 2031. By the province’s own count, Oakville recorded 7,603 homes of progress from 2022 to 2024, and in 2024 alone it reached 3,679 against a yearly target of 2,750. That is 134% of target, which the province marked as exceeded.
The biggest change is planned around the Oakville GO station. The Town calls this area Midtown Oakville: about 103 hectares between the QEW and the rail line, from Sixteen Mile Creek east to Chartwell Road. Here is where it stands:
- Town Council adopted a new official plan amendment for Midtown (OPA 70) on 18 February 2025. As of the Town’s latest update, the province had not yet issued a decision on it.
- On 9 April 2026, the province announced four Minister’s Zoning Orders covering 11 buildings on sites near the GO station, as a transit-oriented community. The Town says the revised plan lowers heights to 38 storeys, from up to 56 in the original proposal.
For buyers, this means a lot more condo supply near the GO station over the coming decade. For condo owners, that new supply is one more reason resale apartments may stay under pressure.
What is the Oakville real estate forecast for 2027?
Nobody publishes a reliable Oakville-only forecast, and I will not invent one. Here is what the people who forecast for a living said, as of November 2026:
- CREA (16 October 2026): national sales up 4.4% in 2027 and the national average price up 1.2%. That is for Canada, not Oakville.
- TD economist Rishi Sondhi pointed to loose supply and demand in Ontario and B.C. as a drag on prices.
- Bank of Canada (28 October 2026): raised its rate to 2.50%, expects housing to stay relatively weak and inflation to average about 3% in 2027. Its next decision is on 9 December 2026.
- TRREB (4 November 2026): its president said a Canada-U.S. trade deal and an end to the Middle East conflict could renew interest in buying as 2027 begins.
This is my view, not a forecast. I expect Oakville detached prices to stay close to where they are in 2027, with some room to firm up if rates stop rising, because listings are shrinking and the detached benchmark has already flattened. I am more cautious on condo apartments, which are still falling and face new supply near the GO station. Sellers should price off the last 90 days of sales, not 2024. Buyers have time to negotiate, especially on condos and on houses that have sat for more than a month. Property taxes matter too, so check my Oakville property tax guide before you budget.
Do not read the monthly median as a price trend. Oakville’s median jumped from $1,120,000 in January to $1,380,500 in May 2026 and fell back to $1,182,500 in July, mostly because of which homes sold. Use the year-to-date medians and the benchmark index for the trend, and recent sales on your own street for your price.
What to do next
- Find your home type in the first table and compare your expectations with the 2026 median, not the 2024 one.
- Check how many similar homes are for sale in your community right now; that is your real competition.
- If you are selling, plan for about five weeks on market for a house and six or more for a condo apartment.
- If you are buying, ask for the sale history of any home that has been listed more than once; it often shows negotiating room.
- Compare Oakville with its neighbours in my Halton housing market outlook before you decide where to buy.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
Are house prices dropping in Oakville?
Slightly for detached homes, more for other types. From January to October 2026, Oakville’s median detached price was $1,625,000, down 3.0% from 2025 and 7.8% from 2024, according to TRREB data via REALM. Condo apartments fell 6.0% in a year to $528,000. TRREB’s detached benchmark for October 2026 was roughly flat, up 0.56% year over year.
What is the average house price in Oakville in 2026?
The median price for all Oakville home types was $1,270,000 from January to October 2026, and the average was $1,435,680, according to TRREB’s Market Watch. For detached houses alone, the median was $1,625,000. The average is higher than the median because a number of very expensive homes sell in Oakville each year.
Will Oakville house prices go up in 2027?
Nobody can say for sure. CREA expects national prices to rise about 1.2% in 2027, and TD sees loose supply and demand weighing on Ontario prices. In Oakville, the detached benchmark was nearly flat in October 2026 while condo apartments were down 7.72%. My own view is flat to slightly firmer for houses, weaker for condos.
Is Oakville a buyer’s market right now?
It leans toward buyers. In October 2026, Oakville had 4.9 months of inventory and homes sold for 95% of their asking price on average, according to TRREB. That gives buyers room to negotiate. The market has been tightening slowly, though: months of inventory fell from 5.7 in January 2026 and active listings were 18% lower than a year earlier.
How long does it take to sell a house in Oakville?
About five weeks for a detached house. From January to October 2026, Oakville detached homes averaged 33 days on market, up from 24 days in 2024, according to TRREB data via REALM. Condo apartments averaged 45 days. In October 2026, the average across all home types was 37 days on the current listing and 53 days counting earlier listings.
How much is a condo in Oakville in 2026?
The median Oakville condo apartment sold for $528,000 from January to October 2026, down 6.0% from 2025 and 14.8% from 2024, according to TRREB data via REALM. Condo townhouses had a median of $712,500. TRREB’s apartment benchmark for Oakville was $537,300 in October 2026, down 7.72% year over year.
How many new homes is Oakville building?
Oakville’s provincial target is 33,000 new homes from 2022 to 2031. Ontario’s housing supply data shows 7,603 homes of progress from 2022 to 2024, and 3,679 in 2024 alone, or 134% of that year’s target. Much of the future growth is planned around the Oakville GO station in the area the Town calls Midtown Oakville.
What is happening with Midtown Oakville?
Midtown Oakville is a planned growth area of about 103 hectares around the Oakville GO station. Town Council adopted official plan amendment OPA 70 in February 2025, which still awaited a provincial decision at the Town’s last update. In April 2026 the province announced zoning orders for 11 buildings near the station, with heights up to 38 storeys.
Which Oakville neighbourhoods have the most home sales?
In the second quarter of 2026, TRREB’s community report showed the most Oakville sales in River Oaks (106), Glenorchy (86), Westmount (78), Bronte (76), and Glen Abbey and the West community (72 each). TRREB divides Oakville into 23 communities. More sales in an area mean more recent comparables for pricing a home there.
Sources
- TRREB Market Watch, October 2026
- TRREB Market Watch, October 2025
- TRREB Market Watch, May 2026
- TRREB Community Housing Market Report, Halton: Oakville, Q2 2026
- Ontario Data Catalogue: Ontario’s housing supply progress (2024)
- Town of Oakville: Midtown Oakville Growth Area Review
- Advisor.ca: CREA downgrades home sales forecast (16 October 2026)
- Bank of Canada: Policy rate announcement, 28 October 2026
Related reading
- GTA Housing Market Forecast 2027: City-by-City Numbers
- Mississauga Housing Market 2027: Prices, Sales and What to Expect
- Brampton Housing Market 2027: Prices, Sales and What to Expect
- Markham and Richmond Hill Housing Market 2027
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.