Ottawa Real Estate Market Updates
Main Housing Stats for Ottawa, September 1, 2023. The average price for a home in Ottawa (including residential homes and condos) is now $658,981, an increase of 4.0% over August, 2022.
Breaking down the average prices into houses and condos:
The average price for a freehold house in Ottawa for August was $769,997, up 4.2%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in August was $436,105 up 1.7%. This includes apartments, row units and stacked-style condos.
Number of Home Sales versus last year
Ottawa had 791 Residential Properties sell in August, 2023, down 0.3%. (includes freehold and condos). 528 sales were freehold, up 1.0%, and 263 were condo sales, down 2.6% over last year.
Average Price for a home in Ottawa by Property Type
This table shows you the average price by the type of property, you can get a better comparison for your house price based on these numbers. This is sales for last month versus the same timeframe last year.
| Housing Type | Average Price |
% Change in Price |
| Single Detached | $881,091 | 7.8% |
| Townhome/Semi | $644,569 | 1.0% |
| Bungalow | $768,742 | 5.6% |
| 1 1/2 Storey | $649,600 | -22.4% |
| 2 Storey | $786,645 | 5.8% |
| 3 Storey | $720,441 | -1.9% |
| Split-Level | $685,688 | -6.1% |
| High-Ranch | $605,385 | -11.0% |
| Condo 2 Storey | $427,172 | 2.5% |
| Condo Apartment | $433,943 | 1.6% |
| Condo 3 Storey | $460,222 | -8.0% |
What's the Average House Price in Ottawa, by Month?
The tables below shows you the short-term changes, or the month-over-month change in price for 2022 and 2023.
For 2022 you can see that the year started off with some big gains in average prices and then prices started to decrease for most of the rest of the year. 2023 shows us some stabilization in prices for the start of the year.
| Month 2022 | Price | % Change |
| January | $697,982 | 13% |
| February | $765,120 | 17.2% |
| March | $761,811 | -0.4% |
| April | $751,014 | -1.4% |
| May | $731,306 | -2.6% |
| June | $694,900 | -4.9% |
| July | $661,335 | -4.8% |
| August | $634,444 | -4.1% |
| September | $653,906 | 3.1% |
| October | $635,395 | -2.8% |
| November | $637,698 | 0.4% |
| December | $620,538 | -2.7% |
| Month 2023 | Price | % Change |
| January | $621,291 | 0.1% |
| February | $622,568 | 0.2% |
| March | $648,857 | 4.2% |
| April | $696,122 | 7.3% |
| May | $686,249 | -1.4% |
| June | $679,139 | -1.0% |
| July | $696,642 | 2.6% |
| August | $658,981 | -5.4% |
| September | ||
| October | ||
| November | ||
| December |
How long does it take to sell a Home in Ottawa?
Last month Freehold houses took 26 days to sell versus 23 days last year and Condominiums are taking 26 days to sell versus 29 days last year.
Inventory Levels, how many homes are on the market?
There were 3,697 Residential Properties listed for sale at the end of last month. 3,105 were Freehold Listings versus 2,757 last year and 592 listings were condos versus 576 last year.
Is it a Buyer's, Seller's or Balanced Market?
With an inventory of 3,697 homes and 791 sold, there are 18.7 weeks of supply which translates to a Seller's Market, moving closer to a balanced market as we approach 21-24 weeks of supply.
Historical Average SOLD Prices
Sold Home Prices, 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 | 3.8% |
| 2019 | $441,693 | 8.4% |
| 2020 | $529,675 | 19.9% |
| 2021 | $645,976 | 22% |
| 2022 | $691,528 | 7% |
Sold House Prices in Ottawa
The Sold Stats by neighbourhood are taken from our local Ontario Real Estate Board (OREB).
The Real Estate Statistics on this page are taken from sales reported by the Ottawa Real Estate Board's 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.
Address Search
Real Estate Market - MLS Statistics
Sold Prices & Area Market Reports
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Houses and Townhomes for Sale
Condos & Apartments for Sale
Bungalows and High Ranch Homes
Listings by Neighbourhood or Type
Investing in Ottawa Real Estate