As we move into 2025, the Oakville housing market continues to evolve, with key trends emerging across different property types. Whether you’re looking to buy, sell, or simply stay informed, understanding these shifts will help you make the right decisions. Here’s a breakdown of the latest trends in Oakville’s real estate market, including property categories such as detached homes, townhomes, and apartments.
1-Storey Detached Homes
The market for 1-storey detached homes has been performing well. In the past month, we’ve seen a 4.6% increase in Home Price Index (HPI), signaling strong buyer demand. Over the past year, this segment has seen an impressive 6.0% increase in value, reflecting the long-term growth of this property type.
With an absorption rate of 16.7%, the market remains in a buyer’s market territory. This means that although prices are rising, there’s still room for buyers to negotiate favorable terms in this category.
2-Storey Detached Homes
2-storey detached homes have experienced a slight decline of -2.9% month-over-month, but when looking at the year-over-year trend, we’re still seeing a -3.9% decrease in prices. This segment is showing some volatility, but this isn’t necessarily a bad thing for buyers looking to negotiate better deals.
The absorption rate for 2-storey detached homes also stands at 16.7%, reflecting a buyer’s market. While prices are down compared to last year, the current market conditions offer opportunities for well-informed buyers.
Townhomes: Condo vs. Freehold
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Condo Townhomes have remained relatively stable, with no change in HPI in the last month. With an absorption rate of 16.7%, they continue to fall within buyer’s market conditions. This presents an opportunity for potential buyers to explore affordable townhome options in Oakville.
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Freehold Townhomes, on the other hand, have a 23.7% absorption rate, which indicates a more balanced market. This means the demand and supply are in better equilibrium, providing more stability in this category.
Apartments
The apartment market in Oakville has seen a slight decline of -0.8% in HPI from January 2025 to February 2025. Year-over-year, we’re seeing a -3.4% drop in apartment values. With an absorption rate of 7.9%, apartments are firmly in a strong buyer’s market. If you’re considering purchasing an apartment, this could be a good opportunity to find favorable pricing.
Market Projections & Economic Outlook
In early 2025, projections suggested a 2.5% growth in the Oakville housing market. However, recent global factors such as the ongoing trade war have introduced some uncertainty. The full impact of the trade war on housing prices remains to be seen, as it could either support or hinder price growth in the near future. At this stage, it's tough to predict the exact effect, but it’s important for potential buyers and sellers to stay informed and flexible.
What This Means for You
If you're considering buying or selling in Oakville, the current market conditions provide both opportunities and challenges. Whether you’re looking for a detached home, townhouse, or apartment, it's essential to work with a knowledgeable real estate professional to navigate these shifts. Martin Group is here to help you understand these trends and make the best decisions for your real estate needs.
If you have any questions about the Oakville housing market or would like to discuss your options, feel free to reach out. We’re always here to offer expert advice and guidance tailored to your specific situation.
