Palermo VillageHousing market

Palermo Village

Palermo Village Housing Market Report

Strong Buyer's Market

All types - for the month of February

Buyer's market Seller's market

6

Days of inventory (DOI)*

DOI 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 DOI of +3 months indicates a buyers's market, where homes are selling slowly and there are more homes than available buyers.

45

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*

19 active

New

11(-21.43% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 7, in 2023: 2, in 2022: 10

Total Sold Listings*

3 sold

Median Sold Price

$1,830,000

Avg Days on Market

45 days

Median Bidding

-$69,900

Compared to number of sold, same period, in 2024: 6, in 2023: 9, in 2022: 23

*Data is for the month of February

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 2360 Colonel William Pkwy, Oakville Ontario L6M 0J9

1 day on market

Up to21K Cashback

2360 Colonel William Pkwy, Oakville

Detached443000-3500 sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

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

2 days on market

Up to13K Cashback

3027 Richview Blvd, Oakville

Townhouse3+14- sq ft

Listed by EXP REALTY

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

6 days on market

Up to19K Cashback

3113 Watercliffe Crt, Oakville

Townhouse332000-2500 sq ft

Listed by RE/MAX ABOUTOWNE REALTY CORP.

Just sold - Palermo Village

Home with brick exterior material, street for 2374 Chateau Common N/A, Oakville Ontario L6M 0S1

Sold 19 days ago

Sold for $1,875,000

$25K below asking

2374 Chateau Common N/A, Oakville

Townhouse442500-3000 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 3080 Highvalley Rd, Oakville Ontario L6M 5H3

Sold 28 days ago

Sold for $1,061,200

$14K below asking

3080 Highvalley Rd, Oakville

Townhouse331500-2000 sq ft

Listed by ROYAL LEPAGE CREDIT VALLEY REAL ESTATE

Home with brick exterior material, street for 3352 Skipton Lane, Oakville Ontario L6M 0K3

Sold 33 days ago

Sold for $2,500,000

$70K below asking

3352 Skipton Lane, Oakville

Detached5+153500-5000 sq ft

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

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