The Quick Answer
Oakmont homes are worth about $110,000 more than they were five years ago. The median sold price climbed from $515,000 in 2021 to $625,000 in 2025 — a 21% increase across 437 sales. 2023 was the one soft year; every year since has been a steady climb.
On this page
Five years of Oakmont, in one table
All residential sales in Oakmont, sold 2021 through 2025:
| Year | Homes sold | Median sold price | Average sold price | Avg. days on market | Sale-to-list |
|---|---|---|---|---|---|
| 2021 | 105 | $515,000 | $557,144 | 47.5 | 98.2% |
| 2022 | 84 | $547,450 | $560,184 | 32.0 | 99.6% |
| 2023 | 69 | $560,000 | $598,238 | 55.6 | 96.7% |
| 2024 | 82 | $621,450 | $618,144 | 27.1 | 98.7% |
| 2025 | 97 | $625,000 | $639,343 | 46.4 | 99.0% |
What actually happened
2021–2022: the run-up. Prices rose fast and homes moved fast. In 2022, Oakmont sellers got 99.6% of asking and the average home sold in 32 days. Volume was already starting to ease, though — 105 sales became 84.
2023: the soft year. This is the year worth studying. Only 69 homes sold, the fewest of the five years, and they took an average of 56 days to move. Sellers averaged 96.7% of asking — the only year in the set where discounts were the norm rather than the exception. Yet the median price still rose to $560,000. Even in the soft year, values held.
2024–2025: the snap-back. 2024 was the sharpest year in the data: the median jumped from $560,000 to $621,450 while average days on market fell to 27. Then 2025 consolidated — 97 sales, the median nudging to $625,000, sellers back near full asking. Volume is now within reach of 2021 levels.
How Oakmont compares to St. Albert overall
Oakmont is not the whole city, and that matters. Over the same five years, the St. Albert-wide median went from $416,800 to $499,900 — a 20% increase, almost identical to Oakmont's 21%. Oakmont just starts higher and ends higher: a $125,000 premium over the city median in 2025. Neighbourhoods move with the city, but they do not move at the city's price point.
If you are comparing neighbourhoods, my Erin Ridge buyer's guide and the Akinsdale hidden-value guide break down what other parts of St. Albert cost and how they behave.
What this means if you are buying in Oakmont
Stop waiting for 2023 to come back. That was a one-year window where sellers negotiated — and even then, prices did not fall. Oakmont buyers who sat out 2023 paid about $65,000 more at the 2025 median. In this neighbourhood, timing the dip has cost more than it has saved.
What this means if you are selling in Oakmont
You own in a neighbourhood that gained roughly $110,000 in median value in five years without a single down year. That is the story to tell — but price it like 2024, not 2021. The market still rewards sharp pricing: well-priced Oakmont homes sell near asking. The 2023 lesson cuts both ways: overreach, and buyers will simply wait you out.
Key Takeaways
- Oakmont's median sold price rose 21% in five years: $515,000 (2021) to $625,000 (2025).
- 437 homes sold in Oakmont over the five years; volume recovered to 97 sales in 2025.
- 2023 was the soft year: 69 sales, 56 average days on market, sellers at 96.7% of asking.
- Prices rose every single year — even in the soft year.
- Oakmont tracked the city (+20%) almost exactly, at a ~$125,000 premium to the St. Albert median.
John Carle says:
"People ask me if they missed it in Oakmont. The numbers say the neighbourhood added about $110,000 in five years and never had a down year — not even in 2023, when sellers were negotiating. If you are buying here, buy the home, not the timing. If you are selling here, you are holding one of St. Albert's steadiest performers. Price it with respect and it will reward you."
Frequently asked questions
Did Oakmont prices ever drop in the last five years?
No. The median sold price rose every year from 2021 through 2025. 2023 was the softest year for sellers — longer days on market and modest discounts — but the median still climbed from $547,450 to $560,000.
Is Oakmont more expensive than St. Albert overall?
Yes. Oakmont's 2025 median of $625,000 sits about $125,000 above the St. Albert-wide median of $499,900. The neighbourhood has roughly matched the city's five-year growth rate (+21% vs +20%), just at a higher price point.
How many homes sell in Oakmont each year?
Between 69 and 105 per year over the last five years, totalling 437 sales. 2025 saw 97 sales — close to the 2021 peak of 105.
Thinking of buying or selling in Oakmont? Let's talk about what these numbers mean for your specific situation.
Just Call John.
780-937-7534 · johncarle.com
Data: Realtors Association of Edmonton, 2021-2025.