Palermo VillageHousing market

Palermo Village

Palermo Village Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

6

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.

35

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*

25 active

New

15(-6.25% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 15, in 2023: 3, in 2022: 7

Total Sold Listings*

4 sold

Median Sold Price

$1,563,500

Avg Days on Market

35 days

Median Bidding

-$61,450

Compared to number of sold, same period, in 2024: 4, in 2023: 10, in 2022: 15

*Data is for the month of March

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 3050 Drumloch Ave, Oakville Ontario L6M 5H8

14 hours on market

Up to8K Cashback

3050 Drumloch Ave, Oakville

Townhouse22700-1100 sq ft

Listed by RE/MAX ESCARPMENT TEAM LOGUE REALTY

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

2 days on market

Up to31K Cashback

2120 Bingley Cres, Oakville

Detached4+153500-5000 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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

6 days on market

Up to9K Cashback

3044 Dewridge Ave, Oakville

Townhouse32700-1100 sq ft

Listed by RE/MAX REALTY SPECIALISTS INC.

Just sold - Palermo Village

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

Sold 4 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 7 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 16 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

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