Palermo VillageHousing market

Palermo Village

Palermo Village Housing Market Report

Strong Buyer's Market

All types - for the month of October

Buyer's market Seller's market

7

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

50

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

27 active

New

15(-21.05% YoY)

Relisted

1(-66.67% YoY)

Compared to number of active, same period, in 2024: 23, in 2023: 13, in 2022: 7

Total Sold Listings*

4 sold

Median Sold Price

$1,626,500

Avg Days on Market

50 days

Median Bidding

-$38,450

Compared to number of sold, same period, in 2024: 8, in 2023: 2, in 2022: 2

*Data is for the month of October

Median Sold Price vs Average Days and Average Total Days on Market - Palermo Village - All types

Sold vs Active vs New vs Relisted - Palermo Village - All types

Sold Price Distribution - Palermo Village - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Palermo Village - All types

Property type distribution based on data from the last 3 months.

Median Price - Palermo Village - All types

Just listed - Palermo Village

Home with brick exterior material, street for 2130 Forest Gate Pkwy, Oakville Ontario L6M 4B4

1 day on Market

Up to6K Cashback

2130 Forest Gate Pkwy, Oakville

Townhouse341500-2000 sq ft

Listed by COLDWELL BANKER COMMUNITY PROFESSIONALS

Home with brick exterior material, street for 2003 DEERVIEW Common, Oakville Ontario L6M 0Y2

Re-listed 3 days ago

$•••,•••

Up to12K Cashback

2003 DEERVIEW Common, Oakville

Townhouse441500-2000 sq ft

Listed by RIGHT AT HOME REALTY

Home with brick exterior material, street for 3060 Dewridge Ave, Oakville Ontario L6M 5J1

4 days on Market

Up to7K Cashback

3060 Dewridge Ave, Oakville

Townhouse221100-1500 sq ft

Listed by HOMELIFE LANDMARK RH REALTY

Home with brick exterior material, street for 2295 Rochester Circ #18, Oakville Ontario L6M 5C9

Re-listed 7 days ago

$•••,•••

Up to13K Cashback

2295 Rochester Circ #18, Oakville

Townhouse341500-2000 sq ft

Listed by iCloud Realty Ltd.

Home with brick exterior material, street for 3262 Skipton Lane, Oakville Ontario L6M 0K2

11 days on Market

Up to20K Cashback

3262 Skipton Lane, Oakville

Detached442500-3000 sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Home with brick exterior material, street for 3056 Dewridge Ave, Oakville Ontario L6M 5J1

14 days on Market

$•••,•••

Up to8K Cashback

3056 Dewridge Ave, Oakville

Townhouse321100-1500 sq ft

Listed by RE/MAX ULTIMATE REALTY INC.

Home with brick exterior material, street for 3327 Skipton Lane, Oakville Ontario L6M 0K3

19 days on Market

Up to16K Cashback

3327 Skipton Lane, Oakville

Detached3+142000-2500 sq ft

Listed by KELLER WILLIAMS EDGE REALTY

Home with brick exterior material, street for 2454 Springforest Dr, Oakville Ontario L6M 0A1

Re-listed 21 days ago

$•••,•••

Up to18K Cashback

2454 Springforest Dr, Oakville

Townhouse3+142500-3000 sq ft

Listed by RE/MAX REAL ESTATE CENTRE INC.

Home with brick exterior material, street for 3456 Liptay Ave, Oakville Ontario L6M 0M7

Re-listed 22 days ago

$•••,•••

Up to26K Cashback

3456 Liptay Ave, Oakville

Detached4+153500-5000 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home with brick exterior material, street for 3301 Skipton Lane, Oakville Ontario L6M 0K2

Re-listed 26 days ago

$•••,•••

Up to23K Cashback

3301 Skipton Lane, Oakville

Detached4+253500-5000 sq ft

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

Just sold - Palermo Village

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 2334 Wuthering Heights Way, Oakville Ontario L6M 0E8

Sold 4 days ago

Sold for $1,390,000

$10K below asking

2334 Wuthering Heights Way, Oakville

Townhouse342000-2500 sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

Home with brick exterior material, street for 3066 Highvalley Rd, Oakville Ontario L6M 5H3

Sold 8 days ago

Sold for $975,000

$74K below asking

3066 Highvalley Rd, Oakville

Townhouse331500-2000 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 3143 Watercliffe Crt, Oakville Ontario L6M 0K7

Sold 8 days ago

Sold for $1,750,000

$99K below asking

3143 Watercliffe Crt, Oakville

Townhouse342000-2500 sq ft

Listed by RE/MAX ESCARPMENT REALTY INC.

Home with brick exterior material, street for 3424 SKIPTON Lane, Oakville Ontario L6M 0K1

Sold 11 days ago

Sold for $1,890,000

$80K below asking

3424 SKIPTON Lane, Oakville

Detached4+142500-3000 sq ft

Listed by RE/MAX ESCARPMENT REALTY INC.

Unknown for 2151 Bingley Cres, Oakville Ontario L6M 0E4

Sold 13 days ago

Sold for $2,050,000

$50K above asking

2151 Bingley Cres, Oakville

Detached432500-3000 sq ft

Listed by RE/MAX REALTY ENTERPRISES INC.

Unknown for 3113 Stornoway Circ, Oakville Ontario L6M 5H9

Sold 17 days ago

Sold for $750,000

$40K below asking

3113 Stornoway Circ, Oakville

Townhouse32700-1100 sq ft

Listed by ROYAL LEPAGE SIGNATURE REALTY

Home with brick exterior material, street for 2241 Lyness Ave, Oakville Ontario L6M 5C2

Sold 18 days ago

Sold for $1,363,000

$37K below asking

2241 Lyness Ave, Oakville

Detached331100-1500 sq ft

Listed by CITYSCAPE REAL ESTATE LTD.

Home with brick exterior material, street for 2311 Natasha Circ, Oakville Ontario L6M 0L1

Sold 42 days ago

Sold for $847,000

$13K below asking

2311 Natasha Circ, Oakville

Townhouse321100-1500 sq ft

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

Home with brick exterior material, street for 3174 Scotscraig Cres, Oakville Ontario L6M 5G9

Sold 53 days ago

Sold for $1,400,000

$25K below asking

3174 Scotscraig Cres, Oakville

Detached4+131500-2000 sq ft

Listed by ROYAL LEPAGE REALTY PLUS OAKVILLE

Indoor entryway for 2366 Valleyridge Dr, Oakville Ontario L6M 5C3

Sold 66 days ago

Sold for $1,890,000

$108K below asking

2366 Valleyridge Dr, Oakville

Detached5+252500-3000 sq ft

Listed by The Agency

Population and Demographics

Overview

Total population 7013

Average household income $201,513

Age (%)

0 to 19

29%

20 to 34

14%

35 to 49

25%

50 to 64

20%

65 and plus

12%

Household composition (%)

Single family

81%

Single person

17%

Multi person

1%

Multi family

1%

Mother tongue (%)

English

65%

Arabic

7%

Spanish

5%

Mandarin

5%

Urdu

2%

Korean

2%

Others

2%

Portuguese

2%

Punjabi (Panjabi)

1%

Hindi

1%

House tenancy (%)

Owners

80%

Renters

20%

Top 2 Schools in Palermo Village

Palermo Public School2561 Valleyridge Drive, L6M 5H4, Oakville, ON

7.5/10

Public•JK-8

St. Mary Catholic Elementary School2175 Colonel William Pky, L6M 0B7, Oakville, ON

6.4/10

Public•JK-8

Transportation

Car Friendly

5/5

Excellent access to freeways and major arteries, with a vast amount of parking nearby

Pedestrian Friendly

2/5

Other transportation modes are needed to reach day-to-day needs

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Few or no cafés within walking distance

Groceries

2/5

At least one grocery store within a 30-minute walk

Nightlife

1/5

Few or no bars within walking distance

Shopping

1/5

Few or no shops within walking distance

Restaurants

2/5

Few or no restaurants within walking distance