Oakville Real Estate: Which Homes Are Holding Value in 2025?

Oakville Real Estate Market Report: January 2025 vs. January 2024

Oakville Real Estate Market Overview

The Oakville real estate market in January 2025 has seen notable shifts compared to the same period in 2024. While overall transaction volume has decreased, price trends have remained stable in some segments and softened in others. The median home price across all property types in Oakville for January 2025 was $1,248,500, slightly up from $1,235,000 in January 2024.

A significant trend observed is the extended days on market (DOM) across different property categories, reflecting a slower pace of sales. The total dollar volume of transactions declined from $274M in January 2024 to $188M in January 2025, highlighting reduced market activity.

Which Property Types are Performing Well in Oakville?

• Detached Homes: The average detached home price dropped from $2,093,646 in January 2024 to $1,918,856 in January 2025. The median price also declined from $1,799,950 to $1,628,000. Transaction volume decreased, indicating reduced buyer demand at higher price points.

• Freehold Townhomes: These have remained resilient, with median prices rising from $1,175,000 in 2024 to $1,225,000 in 2025. While sales volume slightly increased, the percentage of homes selling above the list price dropped significantly from 27.3% in 2024 to 5.7% in 2025, indicating a more balanced market.

• Condo Apartments: The condo market saw an increase in median prices from $575,000 in 2024 to $580,000 in 2025. The transaction volume dropped slightly, but condos saw an improvement in days on the market, suggesting stable buyer interest at this price point.

• Condo Townhomes: This segment experienced a median price drop from $790,000 in January 2024 to $690,000 in January 2025. Sales volume declined significantly, indicating weakened demand for this property type.

Key Takeaways for Buyers and Sellers in Oakville, Ontario

For Buyers: Where Are the Deals?

• Detached homes have seen price reductions, making this a favourable time for buyers looking for larger properties at a lower price point.

• Condo townhomes offer the most significant price drop, making them an attractive option for buyers seeking affordability.

• With homes staying on the market longer, buyers have more negotiating power and can secure properties with conditions that may not have been possible in a more competitive market.

For Sellers: How to Stay Competitive?

• Pricing strategies need to be sharp and realistic. Overpricing in a slower market can lead to extended DOM and price reductions.

• Well-maintained and staged properties are selling faster. Investing in minor renovations and curb appeal can make a significant difference.

• Freehold townhomes remain strong; sellers in this category should leverage demand while remaining flexible on price negotiations.

• Condo townhome sellers may need to offer incentives, such as covering closing costs or including furnishings, to attract buyers.

Oakville Real Estate Final Thoughts

The Oakville market in January 2025 is characterized by softer prices and longer selling times compared to last year. Buyers have more negotiating power, while sellers must be strategic to stand out. If you’re considering buying, this may be an excellent time to secure a deal before conditions shift again. Sellers should work closely with an experienced Realtor to ensure optimal pricing and marketing strategies.

Are you looking to buy or sell in Oakville? Let’s discuss your goals and craft a strategy to maximize your success. Contact me today for a consultation!