Victoria Real Estate

Oak Bay Real Estate

Homes for sale, prices, and market data — updated daily from MLS®.

Active listings

130

Median list price

$1.78M

Avg days on market

57

Sale-to-list (90d)

98.4%

Median sold (90d)

$1.69M

Updated daily.

Homes for sale in Oak Bay

24 shown

Oak Bay price trend — last 10 years

Quarterly median sold price across Oak Bay.

$1.92M$950,000Q3 2016Q2 2026

About Oak Bay

Oak Bay is Greater Victoria's most established address — its own municipality of heritage character homes, Tudor Revival manors, and waterfront estates wrapped around more than twenty beaches. The Uplands, laid out in 1907 as a planned garden suburb by the Olmsted firm, holds the area's grandest properties on estate-sized lots beside the 75-acre Garry oak meadow of Uplands Park; nothing else in the region matches it. Closer in, South Oak Bay draws buyers to tree-lined streets near the Oak Bay Marina and the 1893 Victoria Golf Club, while Estevan and Oak Bay Villages give the municipality its walkable, independent-shop character. Gonzales and North Oak Bay round it out with character homes near Willows Beach and the Bowker Creek walkway. Heritage conservation and large-lot zoning deliberately limit new development, which is part of why Oak Bay holds its value the way it does — and why two similar-looking homes here can differ sharply in price based on street, lot, and proximity to the water.

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