Oak Bay, British Columbia
As of November 14, 2026, the median asking price in Oak Bay is $2,149,000, across 97 active public listings.
Those listings have been on the market an average of 56 days.
30 new listings came to market in Oak Bay in the last 30 days.
Asking prices work out to about $900 per square foot, based on the 96 listings that report floor area.
Detached homes in Oak Bay are listed at an average of $3,409,771 across 65 active listings.
Condos in Oak Bay are listed at an average of $967,093 across 15 active listings.
Townhouses in Oak Bay are listed at an average of $1,309,280 across 15 active listings.
Oak Bay had a population of 17,990, a median household income of $107,000, 75% of households owning their home at the 2021 Census of Population.
Oak Bay is made up mostly of detached houses, with condominium apartments and townhouses also common, particularly closer to the village-style commercial core and along more transit-oriented stretches. The result is a market where stand-alone homes set the tone, while multi-unit options provide an alternative for people who want a lower-maintenance format without leaving the area.
A typical home in the area is a detached house, with condos and townhouses forming a meaningful secondary option.
Selling in Oak Bay is about making the home’s specific position within the area easy to understand—because buyers are weighing distinctive properties rather than interchangeable units. Clear presentation and clear location context matter, especially in showing how the home relates to the village core and signature coastal amenities.
Help buyers quickly place the home in relation to Oak Bay Avenue and everyday needs, and describe the practical routines it supports rather than relying on general claims about the area.
For detached houses, emphasize the ownership advantages that don’t translate to condos and townhouses—privacy, flexibility, and the overall living experience tied to a stand-alone home.
Condition reads loudly in a market known for character single-family homes. Make it easy to see what has been updated, what has been maintained, and what a buyer would inherit as ongoing stewardship.
For condos and townhouses, make the building story simple: how the home lives day-to-day, how shared spaces are managed, and what practical features (parking, storage, access) support the lifestyle.
Oak Bay offers a coastal, low-density residential setting with a village-style hub around Oak Bay Avenue, right next to Victoria. Its housing character leans heavily detached, with condos and townhouses as a common but secondary option. It won’t fit buyers who prioritize high-rise living, a nightlife-centric scene, or having every daily need within an easy walk from most addresses.
This description is compiled from the figures above and from published sources. It is not a statistic.
Walkability 80 · Transit access 78 · Bikeability 51
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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