How Oakmont Home Prices Changed Over the Last 5 Years
Oakmont's price story over the last five years is less about dramatic spikes and more about steady recovery from a once-in-a-generation disruption. The neighbourhood started the decade trading around the city median, got knocked sideways by the 2023 rate shock like everyone else, and has since settled into a $620K groove that feels sustainable.
The Arc: 2020 to 2026
To understand Oakmont's current $522,000 overall median, you have to look at the yearly numbers. The data shows three recent yearly medians that tell the real story:
- 2024: $621,900 median (82 sales)
- 2025: $625,000 median (97 sales)
- 2026 Q1: $575,295 median (23 sales)
That's two full years of $620K+ trading before a Q1 dip that — with only 23 sales — is more statistical noise than market signal.
The Broader Context
Oakmont didn't exist in a vacuum. The wider St. Albert market followed a clear arc:
- 2020–2022: Pandemic boom. Low rates, remote work, and pent-up demand pushed city-wide medians up sharply. Oakmont rode that wave with the rest of the city.
- 2023: Rate shock. The Bank of Canada's aggressive hiking cycle cooled every neighbourhood. Oakmont felt it. The city median pulled back roughly 2%, and Oakmont's activity slowed as buyers recalibrated.
- 2024–2025: Recovery and stabilization. Rates held steady, buyers adjusted to the new normal, and Oakmont settled into that $621K–$625K band. Not soaring, not falling — just stable.
- 2026 Q1: Seasonal softness with a side of opportunity. The $575K median on thin volume isn't a trend. It's January-through-March reality: fewer sales, more cautious buyers, and some motivated sellers.
What the Numbers Mean for Buyers
If you're buying in 2026, the Q1 softness is your window. The last two full years proved Oakmont trades at $620K+ when volume is normal. Buying in the $575K–$600K range in early 2026 means you're likely getting 2024-era value with 2026-era interest rates.
The key is patience. With a 30-day median DOM, you have time to compare. You don't need to bid blindly on the first home you see. But you also can't sleep on a well-priced listing in the $400–500K band — that bracket still moves.
What the Numbers Mean for Sellers
If you bought in 2020–2022 at pandemic-era prices, you're likely sitting on equity. If you're selling in 2026, pricing discipline matters more than ever. The 30-day DOM average includes homes that tested too high and sat. Price at $620K if your home belongs there. Price at $575K if the comparables say so. The market will reward accuracy.
The Long View
Oakmont's 1,201 sales since 2010 give you a deep statistical base. The $522,000 all-time median reflects a neighbourhood that has grown with the city — not ahead of it, not behind it. The 55% of sales above $500K confirm this is firmly move-up and established-family territory.
The price range — $163,000 to $2,456,500 — is the widest in St. Albert. That diversity is Oakmont's hedge against volatility. When luxury slows, entry-level keeps moving. When entry-level stalls, the mid-range carries the load.
The Bottom Line
Oakmont's 5-year trend isn't a rocket ship and it isn't a roller coaster. It's a neighbourhood that recovered from disruption, found its level, and is now offering buyers a rare early-year discount before the spring market wakes up.
Want the exact comparable sales for your Oakmont property? Call or text 780-937-7534 or email john@johncarle.com — I'll pull the MLS data and show you where your home fits in the current market.
Data source: 30,844 St. Albert MLS records (2010–2026 Q1). All statistics calculated from actual sold transactions.