Most market headlines hand you one number for the whole region and call it done. Oceanside does not work that way right now. Detached homes and townhomes still belong to sellers, while condos have swung toward buyers, same region, same month, opposite conditions.
Here is the current read on Parksville, Qualicum Beach, and Nanoose, broken into single family, townhomes, and condos, with the data through May 2026. The full report is linked below.
Who holds the cards, by segment
Months of inventory is the cleanest read on market balance. Under four months favours sellers, four to six is balanced, and above six tips to buyers. In May 2026:
- Single family: 3.1 months. Firmly seller territory.
- Townhomes: 3.1 months. Also seller territory.
- Condos: 6.6 months. The most selection buyers have had here in a while, into buyer territory.
That gap is the whole story of this report.
Where each segment sits on price
Typical (median) sold prices this spring:
- Single family: about $923,000.
- Townhomes: about $650,000.
- Condos: about $490,000.
The distance between them is part of why they behave so differently.
Single family detached: a seller's market
Prices have found a floor and held. After peaking near $1.03 million in spring 2022, the typical detached home settled back and has traded in a stable band ever since, around $923,000 this spring. That is roughly flat against last year and about ten percent below the peak, so the story is stability, not decline. Underneath, the market is tight: homes sell in about three to four weeks, sellers are getting close to 98 percent of asking, and supply sits near three months. Across the trailing year, Qualicum Beach led detached dollar volume at $194.4 million, Parksville at $180.9 million, and Nanoose at $114.4 million, nearly $490 million in total.
Townhomes: still seller-favoured
Townhomes track closely with detached. The typical townhome sits around $650,000, essentially flat against last year, with supply tight at 3.1 months and sellers getting near full ask at about 97 percent. Sales take a touch longer than detached, around a month, but the segment still leans clearly toward sellers.
Condos: the buyer-friendlier segment
Condos are the exception, and the opportunity. Prices have held firm, a typical condo runs around $490,000 and has not softened. What has shifted is supply. Inventory has climbed to 6.6 months, more than double the detached market, which is buyer territory on that measure. Well-priced units still sell, but buyers have real choice and more time to decide than anywhere else in Oceanside.
What this means for you
- Selling a house or townhome. Conditions are in your favour. Tight supply and near-ask sales mean a well-prepared, well-priced listing is set up to do well right now.
- Buying a condo. You have leverage you would not have on a house, with more selection, more time to decide, and prices that have stopped climbing.
- Buying a house or townhome. Be ready to act. The good ones still go quickly and close to ask, so financing lined up and a decisive plan matter.
The full report
The complete Oceanside report breaks each segment down with the charts and the trend lines. View or download it here.
View the full Oceanside market report (PDF)
Frequently asked questions
Is Oceanside a buyer's or seller's market right now?
It depends on the segment. As of May 2026, single family homes and townhomes are seller's markets at about 3.1 months of supply, while condos have moved into buyer territory at 6.6 months.
What is the typical home price in Parksville and Qualicum Beach?
This spring, the typical detached home in the Oceanside area runs about $923,000, a townhome about $650,000, and a condo about $490,000, based on median sold prices through May 2026.
Are condo prices dropping in Oceanside?
Not really. Condo prices have held firm around $490,000. What has changed is supply, which has climbed to 6.6 months and given buyers more choice and time to decide.
Want the read on your own home or search?
A regional report is a starting point, not a substitute for the number on your specific home or the right segment for your search. You can book a quick call with Travis or Kiel for that. If you are moving to the area, the Nanaimo Relocation Guide covers the wider central Island, and the Nanaimo market read breaks the city down by neighbourhood.