OakesHousing market

Oakes

Oakes Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

9

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.

2

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*

17 active

New

14(+250.00% YoY)

Relisted

-(- YoY)

Compared to number of active, same period, in 2024: 2, in 2023: 1, in 2022: 1

Total Sold Listings*

2 sold

Median Sold Price

$940,000

Avg Days on Market

2 days

Median Bidding

-$12,450

Compared to number of sold, same period, in 2024: 6, in 2023: 4, in 2022: 5

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - Oakes - All types

Sold vs Active vs New vs Relisted - Oakes - All types

Sold Price Distribution - Oakes - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - Oakes - All types

Property type distribution based on data from the last 3 months.

Median Price - Oakes - All types

Just listed - Oakes

Living room with furniture, unknown for 44 MEADOWLANDS Blvd, Hamilton Ontario L9K 1H8

6 days on market

Up to13K Cashback

44 MEADOWLANDS Blvd, Hamilton

Detached4+243000-3500 sq ft

Listed by REAL ONE REALTY INC.

Unknown for 41 Chifney Lane, Hamilton Ontario L9K 1K1

12 days on market

Up to6K Cashback

41 Chifney Lane, Hamilton

Detached432500-3000 sq ft

Listed by RE/MAX ESCARPMENT REALTY INC.

Home with brick exterior material, street for 70 Bridgeport Cres, Hamilton Ontario L9K 1K4

13 days on market

Up to5K Cashback

70 Bridgeport Cres, Hamilton

Detached341500-2000 sq ft

Listed by RE/MAX ESCARPMENT REALTY INC.

Just sold - Oakes

Home with brick exterior material, street for 83 Southcreek Crt, Ancaster Ontario L9K 1M2

Sold 11 days ago

Sold for $1,600,000

83 Southcreek Crt, Ancaster

Detached34+15025 sq ft

Listed by RE/MAX Escarpment Realty Inc.

Standard bathroom, unknown for 232 Stonehenge Dr, Hamilton Ontario L9K 1R5

Sold 14 days ago

Sold for $780,000

$19K below asking

232 Stonehenge Dr, Hamilton

Condo331400-1599 sq ft

Listed by WATERSIDE REAL ESTATE GROUP

Home with brick exterior material, street for 232 Stonehenge Dr #27, Ancaster Ontario L9K 1R5

Sold 15 days ago

Sold for $780,000

$19K below asking

232 Stonehenge Dr #27, Ancaster

Townhouse33+11456 sq ft

Listed by Waterside Real Estate Group

Population and Demographics

Overview

Total population 3010

Average household income $169,482

Age (%)

50 to 64

26%

0 to 19

23%

20 to 34

18%

65 and plus

17%

35 to 49

16%

Household composition (%)

Single family

83%

Single person

15%

Multi person

1%

Multi family

1%

Mother tongue (%)

English

73%

Arabic

5%

Mandarin

5%

Italian

3%

Others

2%

Urdu

2%

Yue (Cantonese)

2%

Polish

1%

Spanish

1%

House tenancy (%)

Owners

92%

Renters

8%

Top 1 School in Oakes

Ancaster Meadow Elementary Public School93 Kitty Murray Lane, L9K 1S3, Ancaster, ON

6.6/10

Public•JK-8

Transportation

Car Friendly

5/5

Good access to freeways and major arteries, with a large amount of parking nearby

Pedestrian Friendly

2/5

Few day-to-day needs are within walking distance

Transit Friendly

1/5

Few transit options

Shopping, Food and Nightlife

Cafes

2/5

Some 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

2/5

Some shops within walking distance

Restaurants

2/5

Some restaurants within walking distance