Condos Market Report

October 2024 Oaklands Condos Market

Condos market data for Oaklands, Burnaby — covering sales volume, pricing, and days on market for October 2024.

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Buyer's MarketOaklands condos is currently a buyer's market, with 10.1% sales-to-active listings ratio.
2
All Types Sold
$1.23M
Avg Sold Price
66d
Avg Days on Market
$1,232,500
Avg $/sqft

October 2024 Oaklands Market Snapshot

All property types — historical MLS® data for Oaklands in October 2024.

All Types Sold2
Avg Sold Price$1,232,500
Avg Days on Market66 days
Avg Price per ft²$1,232,500

Oaklands Monthly Market Trend

MonthSoldAvg Sold PriceAvg DOMAvg $/sqftMarket
August 20262$1,276,00038d$608,500—
July 20262$889,50014d$640,371Seller's
June 20262$1,049,00050d$717,000Seller's
May 20261$1,470,0008d$735,000Seller's
February 20261$790,0007d$790,000—
December 20252$1,320,00072d$1,320,000—

Frequently Asked Questions — Oaklands Condos

How did the Oaklands condos market perform in October 2024?+
October 2024 condos data for Oaklands is being compiled. Check back soon or view the full Oaklands market report.
What is the absorption rate for condos in Oaklands?+
Oaklands condos has a sales-to-active listings ratio (SALR) of 10.1%, below the 12% threshold that defines a buyer's market. There are more homes available relative to demand, giving buyers more time to consider their options and more room to negotiate on price and conditions. Sellers may need to price competitively to attract offers.
Is it a good time to buy a condo in Oaklands?+
Oaklands condos are currently in a buyer's market. Whether now is the right time depends on your personal timeline, budget, and goals. A knowledgeable local agent can help you assess current opportunities.
How did the overall Oaklands market perform in October 2024?+
In October 2024, the Oaklands real estate market (all property types) recorded 2 sales at an average price of $1,232,500, with properties averaging 66 days on market at $1,232,500 per square foot.
How did Oaklands compare in October 2024 vs. September 2024?+
Compared to September 2024, overall Oaklands sales volume was down 50% (4 vs 2 homes sold) and the average sold price was up 29% to $1,232,500.
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