Ottawa Real Estate Market Updates 2021
Main Housing Stats for Ottawa, February 03, 2021: OREB Members sold a total of 717 Residential Properties in January 2021, up 27.8%. (includes freehold and Condos). 445 were freehold house sales, up 25.7% and 272 were condo sales, up by 31.4%.
The average price for all residential homes last month, which includes houses and condos was $606,459 an increase of 22.9% over 2019.
- Average Freehold House Price in Ottawa is $739,160 an increase of 27.5%
- Average condominium price in Ottawa now $389,358 an increase of 12.6%
Video timeline:
0.00 - 0.17 Intro
0.17 - 2.45 Ottawa General Stats (all areas)
2.45 - 3.51 Orleans Market Update starts
3.51 - 5.00 Barrhaven Market Update
5.00 - 6.28 Kanata Market update
The Real Estate Statistics on this page are taken from sales reported by the Ottawa Real Estate Boards MLS System. We remove all of the smaller towns to make it more accurate for people looking for sales and pricing information from Orleans in the East to Kanata in the West and South to Barrhaven and Manotick.
Average SOLD Home Prices by Property Type
Below are the average prices for Different types of Freehold & Condominium class properties last month
| Housing Type | Average Price |
% Change in Price |
| Bungalow | $727,269 | 26.3% |
| 1 1/2 storey | $552,920 | 25.1% |
| 2 storey | $739,309 | 30.8% |
| 3 storey | $763,607 | 13.9% |
| Split-Level | $721,300 | 23.4% |
| High-Ranch | $737,000 | 29.1% |
| Condo 2 Storey | $401,868 | 29.4% |
| Condo Apartment | $382,760 | 4.8% |
| 3 Storey Condo | $425,638 | 30.7% |
How long does it take to sell a Home in Ottawa?
Last month Residential houses took 24 days to sell versus 36 last year and Condominiums are taking 34 days to sell, versus 37 days last year. The days quoted are Cumulative Days on the Market (more accurate)
Inventory Levels, How many homes are for sale right now?
There were 608 Residential Properties listed for sale at the end of last month. 608 were Residential Freehold Listings, down 57.2% and 266 listings were condos, up by 5.6% over the same month last year.
Is it a Buyer's or Seller's Market?
We are currently in a Sellers' Market here in Ottawa and we are seeing some houses sell for way over their asking price with multiple offers in a lot of the sales.
How much is Your Ottawa Home Worth?
Historical Average SOLD Home Prices in Ottawa
Sold Home Prices from 1956 - Present, (including Condos), plus % Change over Previous Year
| YEAR | AVERAGE PRICE | PERCENT CHANGE |
| 1956 | $13,351 | 0.2% |
| 1957 | $14,230 | 6.6% |
| 1958 | $15,564 | 9.3% |
| 1959 | $16,038 | 3.1% |
| 1960 | $16,791 | 4.7% |
| 1961 | $16,070 | -4.3% |
| 1962 | $15,952 | -0.7% |
| 1963 | $16,549 | 3.7% |
| 1964 | $16,563 | 0.1% |
| 1965 | $17,056 | 3.0% |
| 1966 | $18,004 | 5.6% |
| 1967 | $19,476 | 8.2% |
| 1968 | $23,329 | 19.8% |
| 1969 | $25,652 | 10.0% |
| 1970 | $26,532 | 3.4% |
| 1971 | $27,808 | 4.8% |
| 1972 | $30,576 | 10.0% |
| 1973 | $38,305 | 25.3% |
| 1974 | $46,661 | 21.8% |
| 1975 | $49,633 | 6.4% |
| 1976 | $54,623 | 10.1% |
| 1977 | $57,032 | 4.4% |
| 1978 | $59,134 | 3.7% |
| 1979 | $61,896 | 4.7% |
| 1980 | $62,748 | 1.4% |
| 1981 | $64,896 | 3.4% |
| 1982 | $71,080 | 9.5% |
| 1983 | $86,245 | 21.3% |
| 1984 | $102,084 | 18.4% |
| 1985 | $107,306 | 5.1% |
| 1986 | $111,643 | 4.0% |
| 1987 | $119,612 | 7.1% |
| 1988 | $128,434 | 7.4% |
| 1989 | $137,455 | 7.0% |
| 1990 | $141,438 | 2.9% |
| 1991 | $143,361 | 1.4% |
| 1992 | $143,868 | 0.4% |
| 1993 | $148,129 | 3.0% |
| 1994 | $147,543 | -0.4% |
| 1995 | $143,193 | -2.9% |
| 1996 | $140,534 | -1.9% |
| 1997 | $143,873 | 2.4% |
| 1998 | $143,953 | 0.1% |
| 1999 | $149,650 | 4.0% |
| 2000 | $159,511 | 6.6% |
| 2001 | $175,971 | 10.3% |
| 2002 | $200,711 | 14.1% |
| 2003 | $218,692 | 9.0% |
| 2004 | $235,678 | 7.8% |
| 2005 | $244,532 | 3.8% |
| 2006 | $255,889 | 4.7% |
| 2007 | $272,618 | 6.4% |
| 2008 | $290,366 | 6.6% |
| 2009 | $303,888 | 4.9% |
| 2010 | $327,225 | 7.7% |
| 2011 | $343,284 | 4.9% |
| 2012 | $351,792 | 2.3% |
| 2013 | $357,348 | 1.6% |
| 2014 | $361,707 | 1.2% |
| 2015 | $367,632 | 1.7% |
| 2016 | $371,901 | 1.2% |
| 2017 | $392,474 | 5.4% |
| 2018 | $407,571 | 3.9% |
| 2019 | $465,221 | 14% |
| 2020 | $529,675 | 19.9% |
Sold House Prices in Ottawa
The Sold Stats by neighbourhood are taken from our local real estate board (OREB).
Address Search
Ottawa Real Estate Listings
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Kanata Real Estate Listings
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Real Estate Market - MLS Statistics
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Pat, Zaeira, George, Karen and Paul are all salespeople and Khaled is team Admin