Palermo VillageHousing market

Palermo Village

Palermo Village Housing Market Report

Balanced Market

All types - for the month of April

Buyer's market Seller's market

5

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 0-4 months indicates a seller’s market, where homes are selling quickly and there are more buyers than available homes.

25

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*

30 active

New

25(+31.58% YoY)

Relisted

2(0% YoY)

Compared to number of active, same period, in 2024: 13, in 2023: 4, in 2022: 9

Total Sold Listings*

6 sold

Median Sold Price

$1,645,000

Avg Days on Market

25 days

Median Bidding

-$32,394

Compared to number of sold, same period, in 2024: 10, in 2023: 17, in 2022: 8

*Data is for the month of April

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 3037 Abernathy Way, Oakville Ontario L6M 5C1

1 day on market

Up to15K Cashback

3037 Abernathy Way, Oakville

Detached4+141500-2000 sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Home with brick exterior material, street for 3033 Drumloch Ave, Oakville Ontario L6M 5H9

1 day on market

Up to8K Cashback

3033 Drumloch Ave, Oakville

Townhouse32700-1100 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home with brick exterior material, street for 3027 Richview Blvd, Oakville Ontario L6M 5C7

Re-listed 2 days ago

$•••,•••

Up to6K Cashback

3027 Richview Blvd, Oakville

Townhouse3+141500-2000 sq ft

Listed by EXP REALTY

Home with brick exterior material, street for 3104 Cardross Crt, Oakville Ontario L6M 0A1

Re-listed 2 days ago

$•••,•••

Up to16K Cashback

3104 Cardross Crt, Oakville

Semi-Detached342000-2500 sq ft

Listed by AKARAT GROUP INC.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 3275 Stalybridge Dr #18, Oakville Ontario L6M 0L2

6 days on market

Up to11K Cashback

3275 Stalybridge Dr #18, Oakville

Townhouse3+141500-2000 sq ft

Listed by ROYAL LEPAGE SIGNATURE REALTY

Home with brick exterior material, street for 3168 Saddleworth Cres, Oakville Ontario L6M 0A8

8 days on market

Up to22K Cashback

3168 Saddleworth Cres, Oakville

Detached443500-5000 sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Home with brick exterior material, street for 3082 Scotscraig Cres, Oakville Ontario L6M 5G7

Re-listed 9 days ago

$•••,•••

Up to18K Cashback

3082 Scotscraig Cres, Oakville

Detached4+142000-2500 sq ft

Listed by IPRO REALTY LTD.

Home with brick exterior material, street for 2453 Village Common, Oakville Ontario L6M 0S2

9 days on market

Up to14K Cashback

2453 Village Common, Oakville

Townhouse34+12350 sq ft

Listed by RE/MAX Real Estate Centre Inc.

Home with brick exterior material, street for 2386 Natasha Circ, Oakville Ontario L6M 1P2

10 days on market

Up to15K Cashback

2386 Natasha Circ, Oakville

Detached432000-2500 sq ft

Listed by ICI SOURCE REAL ASSET SERVICES INC.

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

11 days on market

Up to24K 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, water/lake/river/ocean view for 2346 Valleyridge Dr, Oakville Ontario L6M 5C1

Sold 3 days ago

Sold for $1,459,000

$59K above asking

2346 Valleyridge Dr, Oakville

Detached2+231100-1500 sq ft

Listed by COLDWELL BANKER COMMUNITY PROFESSIONALS

Home with brick exterior material, street for 3044 Dewridge Ave, Oakville Ontario L6M 5H9

Sold 7 days ago

Sold for $830,000

$20K below asking

3044 Dewridge Ave, Oakville

Townhouse32700-1100 sq ft

Listed by RE/MAX REALTY SPECIALISTS INC.

Home with brick exterior material, street for 3072 Stornoway Circ, Oakville Ontario L6M 5H7

Sold 11 days ago

Sold for $960,000

$19K below asking

3072 Stornoway Circ, Oakville

Townhouse331500-2000 sq ft

Listed by EXP REALTY

Home with brick exterior material, street for 3106 Cardross Crt, Oakville Ontario L6M 0A1

Sold 22 days ago

Sold for $1,730,000

$70K below asking

3106 Cardross Crt, Oakville

Semi-Detached3+143000-3500 sq ft

Listed by SUTTON GROUP QUANTUM REALTY INC.

Home with brick exterior material, street for 3068 Stornoway Circ, Oakville Ontario L6M 5H7

Sold 22 days ago

Sold for $1,135,000

$35K below asking

3068 Stornoway Circ, Oakville

Townhouse331500-2000 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Unknown for 2360 Colonel William Pkwy, Oakville Ontario L6M 0J9

Sold 25 days ago

Sold for $1,995,000

2360 Colonel William Pkwy, Oakville

Detached443000-3500 sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

Home with brick exterior material, street for 2247 Dewsbury Dr, Oakville Ontario L6M 0A6

Sold 28 days ago

Sold for $1,805,000

$94K below asking

2247 Dewsbury Dr, Oakville

Detached3+142000-2500 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Patio, unknown for 3122 Cardross Crt, Oakville Ontario L6M 0A1

Sold 37 days ago

Sold for $1,560,000

$30K below asking

3122 Cardross Crt, Oakville

Detached3+142000-2500 sq ft

Listed by KELLER WILLIAMS PORTFOLIO REALTY

Home with brick exterior material, street for 3135 Stornoway Circ, Oakville Ontario L6M 5H9

Sold 40 days ago

Sold for $840,000

$40K above asking

3135 Stornoway Circ, Oakville

Townhouse321100-1500 sq ft

Listed by META REALTY INC.

Home with brick exterior material, street for 2135 Bingley Cres, Oakville Ontario L6M 0E4

Sold 43 days ago

Sold for $2,150,000

$149K below asking

2135 Bingley Cres, Oakville

Detached4+163500-5000 sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

Population and Demographics

Overview

Total population 7013

Average household income $201,513

Age (%)

0 to 19

29%

35 to 49

25%

50 to 64

20%

20 to 34

14%

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