Is Now the Right Time to Sell in Oakmont?
The honest answer: it depends on why you're selling, what you own, and what you plan to do next. But the data gives us a clear framework for the decision.
The Current Market Snapshot
| Metric | Oakmont | Context |
|---|---|---|
| Median sold price | $522,000 | Near city median |
| YoY change | -8.0% | Q1 softness, not a trend |
| Days on market | 30.0 | Slower than city (19 days) |
| City absorption rate | 74% | Seller's market |
That -8.0% YoY figure looks alarming at first glance. It's not. Here's why.
Why the -8.0% Is Misleading
The headline number compares the full 2025 median ($625,000 on 97 sales) against Q1 2026 ($575,295 on just 23 sales). That's not a year-over-year comparison of equal periods — it's a full year against a thin winter quarter.
The real story: Oakmont traded at $621,900 in 2024 and $625,000 in 2025. Two consecutive years of stability at the $620K level. The Q1 2026 dip reflects seasonal volume and some lower-priced inventory clearing, not neighbourhood decline.
When Selling Makes Sense Now
You have significant equity — If you bought before 2020, you're almost certainly up. Even a sale at $575K represents a gain for most long-term owners.
You're downsizing — Selling a $600K+ Oakmont home and buying a $400K bungalow or condo elsewhere locks in equity and simplifies life.
You're relocating — If you're leaving St. Albert, the market timing matters less than your move timeline. Price to sell and move on.
Your home is in the entry-to-mid range ($300–500K) — This bracket still moves. The 30-day DOM is being inflated by luxury listings and overpriced homes, not by your segment.
When to Wait
You bought in 2022 at peak pricing — If you paid top dollar during the pandemic boom, you may not have enough equity to cover selling costs and a down payment on your next place. Do the math before listing.
Your home is in the luxury tier ($800K+) — This segment moves slower in every market. If you don't need to sell, waiting for spring volume could bring more qualified buyers.
You can carry two properties — If you're buying before selling and have the cash flow, list in April–May when buyer activity peaks.
The Pricing Reality
Oakmont's 30-day DOM is a pricing-discipline warning, not a market freeze. Homes priced at market value sell. Homes priced 10% above comparables sit — then sell for less than they would have if priced right from day one.
The city-wide 74% absorption rate and $530,000 median tell you buyers are active. They're just not overpaying anymore. That pandemic-era "name your price" dynamic is gone. Replaced by a market where accurate pricing wins.
The Bottom Line
If you have equity, a reason to move, and a realistic price expectation, now is a fine time to sell in Oakmont. The market isn't booming, but it's functioning. Buyers are qualified. Deals are closing.
If you're hoping for 2022-era over-asking bidding wars, wait. Those days aren't coming back soon. Price for the market you have, not the market you remember.
Want a no-pressure market evaluation of your Oakmont home? Call or text 780-937-7534 or email john@johncarle.com — I'll pull the latest comparables and give you a data-backed pricing recommendation.
Data source: 30,844 St. Albert MLS records (2010–2026 Q1). All statistics calculated from actual sold transactions.