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 3133 Abernathy Way, Oakville Ontario L6M 5C2

Re-listed 6 hours ago

$•••,•••

Up to15K Cashback

3133 Abernathy Way, Oakville

Detached4+141500-2000 sq ft

Listed by MEHOME REALTY (ONTARIO) INC.

Home with vinyl exterior material, street for 2197 Wuthering Heights Way, Oakville Ontario L6M 0A3

10 hours on market

Up to29K Cashback

2197 Wuthering Heights Way, Oakville

Detached453000-3500 sq ft

Listed by REAL BROKER ONTARIO LTD.

Indoor entryway for 3201 Epworth Cres, Oakville Ontario L6M 0B2

11 hours on market

Up to13K Cashback

3201 Epworth Cres, Oakville

Townhouse342000-2500 sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

Home with brick exterior material, street for 3210 Saltaire Cres, Oakville Ontario L6M 0K8

3 days on market

Up to19K Cashback

3210 Saltaire Cres, Oakville

Detached442000-2500 sq ft

Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.

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

Re-listed 3 days ago

$•••,•••

Up to15K Cashback

2241 Lyness Ave, Oakville

Detached2+23< 700 sq ft

Listed by CITYSCAPE REAL ESTATE LTD.

Unknown for 3222 Epworth Cres, Oakville Ontario L6M 0B3

6 days on market

Up to15K Cashback

3222 Epworth Cres, Oakville

Townhouse4+132000-2500 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home with brick exterior material, street for 3050 Drumloch Ave, Oakville Ontario L6M 5H8

Re-listed 6 days ago

$•••,•••

Up to7K Cashback

3050 Drumloch Ave, Oakville

Townhouse22700-1100 sq ft

Listed by RE/MAX ESCARPMENT TEAM LOGUE REALTY

Home with brick exterior material, street for 3183 Stornoway Circ, Oakville Ontario L6M 5H7

Re-listed 7 days ago

$•••,•••

Up to7K Cashback

3183 Stornoway Circ, Oakville

Townhouse331100-1500 sq ft

Listed by HOMELIFE LANDMARK REALTY INC.

Home with brick exterior material, street for 3145 Saddleworth Cres, Oakville Ontario L6M 0A8

8 days on market

Up to33K Cashback

3145 Saddleworth Cres, Oakville

Detached4+153500-5000 sq ft

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

Living room with furniture, unknown for 2465 Village Common St, Oakville Ontario L6M 0S2

Re-listed 9 days ago

$•••,•••

Up to15K Cashback

2465 Village Common St, Oakville

Townhouse332000-2500 sq ft

Listed by EXP REALTY

Just sold - Palermo Village

Home with brick exterior material, street for 3135 Watercliffe Crt, Oakville Ontario L6M 0K7

Sold 2 days ago

Sold for $1,525,000

$100K below asking

3135 Watercliffe Crt, Oakville

Townhouse342000-2500 sq ft

Listed by CENTURY 21 PERCY FULTON LTD.

Home with brick exterior material, street for 2170 Whitworth Dr, Oakville Ontario L6M 0A7

Sold 3 days ago

Sold for $1,550,000

$50K above asking

2170 Whitworth Dr, Oakville

Townhouse432500-3000 sq ft

Listed by CHESTNUT PARK REAL ESTATE LIMITED

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

Sold 8 days ago

Sold for $1,550,000

$46K below asking

3104 Cardross Crt, Oakville

Semi-Detached342000-2500 sq ft

Listed by AKARAT GROUP INC.

Home with brick exterior material, street for 3113 Watercliffe Crt, Oakville Ontario L6M 0K7

Sold 9 days ago

Sold for $1,788,997

$86K below asking

3113 Watercliffe Crt, Oakville

Townhouse332000-2500 sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Home with brick exterior material, street for 2120 Bingley Cres, Oakville Ontario L6M 0E2

Sold 14 days ago

Sold for $2,950,000

$149K below asking

2120 Bingley Cres, Oakville

Detached4+153500-5000 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home with brick exterior material, street for 3072 Highvalley Rd, Oakville Ontario L6M 5H3

Sold 15 days ago

Sold for $985,000

$83K below asking

3072 Highvalley Rd, Oakville

Townhouse341500-2000 sq ft

Listed by BAY STREET GROUP INC.

Home with brick exterior material, street for 2568 Valleyridge Dr, Oakville Ontario L6M 5H5

Sold 15 days ago

Sold for $947,000

2568 Valleyridge Dr, Oakville

Townhouse3+131100-1500 sq ft

Listed by SUTTON GROUP - SUMMIT REALTY INC.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 2006 Trawden Way #27, Oakville Ontario L6M 0M1

Sold 17 days ago

Sold for $1,095,000

$96K above asking

2006 Trawden Way #27, Oakville

Townhouse331500-2000 sq ft

Listed by RE/MAX REALTRON WENDY ZHENG REALTY

Home with brick exterior material, street for 2130 Emily Circ, Oakville Ontario L6M 0E6

Sold 18 days ago

Sold for $1,275,000

$24K below asking

2130 Emily Circ, Oakville

Townhouse342000-2500 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home with brick exterior material, street for 2180 Whitworth Dr, Oakville Ontario L6M 0B2

Sold 18 days ago

Sold for $1,310,000

$39K below asking

2180 Whitworth Dr, Oakville

Townhouse33+12184 sq ft

Listed by MARTIN GROUP

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