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homes for sale under $1.5M in Oak Bay

40 homes for sale under $1.5M in Oak Bay, median asking $1,196,500 ($367,500 to $1,495,000). That's about $754 per square foot. The typical home has been listed 31 days; 11 came on in the last 7 days. Condos make up 48% of what's for sale.

Currently, 48 homes are for sale under $1.5 million in Oak Bay, with a median asking price of $1,196,500. The market ranges from $119,000 to $1,495,000, and the median days on market is 32. In the past week, 11 new listings have appeared, and 19 in the last 30 days. The median year built is 1979, and the median price per square foot is $713. The inventory is split into 19 condos (median $745,000), 15 townhouses (median $1,274,900), and 14 houses (median $1,311,894). Listings are spread across various bedroom counts, with 20 three-bedroom homes (median $1,296,944) and 18 two-bedroom homes (median $762,500). The most active sub-areas are Henderson (15 listings, median $1,299,000), South Oak Bay (15, median $745,000), and North Oak Bay (8, median $1,312,000). The majority of listings fall under $1 million, with 19 in that range.
40
homes
$1,196,500
median asking
$368K to $1.5M
$754
median per sq ft
31 days
median on market
11
listed this week
18 in 30 days
1977
median year built

asking prices

4
8
3
25
<$500K
$500–750K
$750K–1M
$1–1.5M
$1.5–2M
$2–3M
$3M+

on the map

by type

typehomesmedian
condos19$745,000
townhouses15$1,274,900
houses6$1,437,500

questions buyers ask

What do homes under $1.5M in Oak Bay cost?

Median asking price is $1,196,500 across 40 active listings, ranging from $367,500 to $1,495,000, or about $754/sq ft.

How fast are homes selling here?

The median active listing has been on the market 31 days. 11 homes were listed in the last week and 18 in the last 30 days.

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

Median asking is $750,000 for 2 bedrooms (17 listings) and $1,299,900 for 3 bedrooms (15 listings).

What types of homes are for sale?

19 condos (median $745,000), 15 townhouses (median $1,274,900), 6 houses (median $1,437,500).

How old are the homes?

Median year built is 1977 across the listings with a recorded build year.

Statistics are computed from the 40 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.