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new construction homes for sale in Oak Bay

26 new construction homes for sale in Oak Bay, median asking $1,437,000 ($1,050,000 to $4,200,000). That's about $949 per square foot. The typical home has been listed 32 days; 9 came on in the last 7 days. Townhouses make up 65% of what's for sale.

Built in 2025 or later, including homes still under construction.

View 26 homes →
26
homes
$1,437,000
median asking
$1.05M to $4.2M
$949
median per sq ft
32 days
median on market
9
listed this week
12 in 30 days
2026
median year built

asking prices

16
5
2
3
<$500K
$500–750K
$750K–1M
$1–1.5M
$1.5–2M
$2–3M
$3M+

on the map

by type

typehomesmedian
townhouses17$1,319,900
condos5$1,449,000

questions buyers ask

What do new construction homes in Oak Bay cost?

Median asking price is $1,437,000 across 26 active listings, ranging from $1,050,000 to $4,200,000, or about $949/sq ft.

How fast are homes selling here?

The median active listing has been on the market 32 days. 9 homes were listed in the last week and 12 in the last 30 days.

How much more is a 3-bedroom than a 2-bedroom?

Median asking is $1,449,000 for 2 bedrooms (3 listings) and $1,332,400 for 3 bedrooms (18 listings).

What types of homes are for sale?

17 townhouses (median $1,319,900), 5 condos (median $1,449,000), 4 houses (median $3,347,500).

How old are the homes?

Median year built is 2026 across the listings with a recorded build year.

Statistics are computed from the 26 active MLS® listings matching this page at render time and refresh hourly with the feed. Medians, not averages, so one outlier can't move them.