Palermo VillageHousing market

Palermo Village

Palermo Village Housing Market Report

Strong Seller's Market

All types - for the month of May

Buyer's market Seller's market

2

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.

28

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

18(-10.00% YoY)

Relisted

1(- YoY)

Compared to number of active, same period, in 2024: 18, in 2023: 8, in 2022: 4

Total Sold Listings*

15 sold

Median Sold Price

$1,404,000

Avg Days on Market

28 days

Median Bidding

-$39,000

Compared to number of sold, same period, in 2024: 3, in 2023: 9, in 2022: 11

*Data is for the month of May

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

$•••,•••

Up to14K Cashback

3133 Abernathy Way, Oakville

Detached4+141500-2000 sq ft

Listed by RIGHT AT HOME REALTY

Home with brick exterior material, street for 3070 Ingleton Lane, Oakville Ontario L6M 5E2

Up to19K Cashback

3070 Ingleton Lane, Oakville

Detached3+142000-2500 sq ft

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home with brick exterior material, street for 3101 Portree Cres, Oakville Ontario L6M 5C4

Re-listed 11 hours ago

$•••,•••

Up to15K Cashback

3101 Portree Cres, Oakville

Detached2+231100-1500 sq ft

Listed by REAL ESTATE HOMEWARD

Patio, street for 3199 Ribble Cres, Oakville Ontario L6M 0B1

1 day on market

Up to20K Cashback

3199 Ribble Cres, Oakville

Detached453500-5000 sq ft

Listed by HOMELIFE NEW WORLD REALTY INC.

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

Re-listed 2 days ago

$•••,•••

Up to14K Cashback

2295 Rochester Circ #18, Oakville

Townhouse341500-2000 sq ft

Listed by IPRO REALTY LTD.

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

Re-listed 5 days ago

$•••,•••

Up to14K Cashback

2386 Natasha Circ, Oakville

Semi-Detached432000-2500 sq ft

Listed by RE/MAX PREMIER THE OP TEAM

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

5 days on market

Up to20K 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 2473 Elder Lane, Oakville Ontario L6M 0L1

6 days on market

Up to6K Cashback

2473 Elder Lane, Oakville

Townhouse432000-2500 sq ft

Listed by RE/MAX ESCARPMENT REALTY INC.

Pool for 2151 Bingley Cres, Oakville Ontario L6M 0E4

6 days on market

Up to23K Cashback

2151 Bingley Cres, Oakville

Detached432500-3000 sq ft

Listed by Royal LePage Real Estate Services Ltd., Brokerage

Home with brick exterior material, street for 3298 Liptay Ave, Oakville Ontario L6M 0N1

9 days on market

Up to25K Cashback

3298 Liptay Ave, Oakville

Detached4+153500-5000 sq ft

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

Just sold - Palermo Village

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

Sold 6 days ago

Sold for $1,300,000

$30K below asking

3201 Epworth Cres, Oakville

Townhouse342000-2500 sq ft

Listed by RE/MAX Escarpment Realty Inc., Brokerage

Home with brick exterior material, street for 3062 Dewridge Ave, Oakville Ontario L6M 5J1

Sold 9 days ago

Sold for $745,000

3062 Dewridge Ave, Oakville

Townhouse22700-1100 sq ft

Listed by KELLER WILLIAMS REAL ESTATE ASSOCIATES

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

Sold 17 days ago

Sold for $745,000

3050 Drumloch Ave, Oakville

Townhouse22700-1100 sq ft

Listed by RE/MAX ESCARPMENT TEAM LOGUE REALTY

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

Sold 20 days ago

Sold for $3,150,000

$145K below asking

3145 Saddleworth Cres, Oakville

Detached4+153500-5000 sq ft

Listed by CENTURY 21 MILLER REAL ESTATE LTD.

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

Sold 20 days ago

Sold for $3,150,000

$145K below asking

3145 Saddleworth Cres, Oakville

Detached4+15+16446 sq ft

Listed by Century 21 Miller Real Estate Ltd.

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

Sold 22 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 23 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 28 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 29 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 34 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.

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