Condos Market Report

October 2024 Oaklands Condos Market

Condos market data for Oaklands, Burnaby — October 2024. Average sold price $1,275,000, 1 sold in 30 days, 14 avg days on market.

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Buyer's MarketOaklands condos is currently a buyer's market. 11.1% sales-to-active listings ratio — homes selling in an average of 14 days, at an average sold price of $1,275,000 — well-priced properties are attracting strong demand.
1
Condos Sold (30d)
$1.27M
Avg Sold Price
14d
Avg Days on Market
9
Homes For Sale

Current Oaklands Condos Stats

Live MLS® data updated every 5 minutes. Most recent 30-day rolling window.

Condos Sold (30d)1
Avg Sold Price$1,275,000
Homes For Sale9
Avg Days on Market14 days
Months of Supply9.0 mo

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
September 20261$1,275,00014d$1,275,000—
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—

Frequently Asked Questions — Oaklands Condos

How did the Oaklands condos market perform in October 2024?+
The Oaklands condos market currently shows 1 units sold in the last 30 days at an average price of $1,275,000, with an average of 14 days on market. Buyers have more choice and negotiating leverage. This data reflects the most recent 30-day MLS® activity.
What is the average price of a condo in Oaklands?+
The average sold price for a condo in Oaklands is currently $1,275,000, based on MLS® sales over the past 30 days. Prices vary by size, floor, age, and condition. Contact a local agent for a property-specific valuation.
How long do condos take to sell in Oaklands?+
Condos in Oaklands are currently selling in an average of 14 days on market. Well-priced properties in good condition tend to sell faster — sometimes within days of listing. Properties at higher price points may take longer.
What is the absorption rate for condos in Oaklands?+
Oaklands condos has a sales-to-active listings ratio (SALR) of 11.1%, 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. The average price is $1,275,000. 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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