Main Housing Stats for Ottawa, March 1, 2024. The average price for a home in Ottawa (including residential homes and condos) is now $649,778, an increase of 4.4% over February, 2023.
The average price for a freehold house in Ottawa for February was $756,032, up 5.0%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in Ottawa for February was $431,701 up 3.9%. This includes apartments, row units and stacked-style condos.
Ottawa had 699 Residential Properties sell in February 2024, up 15.9%. (includes freehold and condos). 470 sales were freehold, up 14.6%, and 229 were condo sales, up 18.7% over last year.
Last month Freehold houses took 32 days to sell versus 31 days last year and Condominiums are taking 44 days to sell versus 43 days last year.
There were 1332 Residential Properties listed for sale at the end of last month within our territory.
With an inventory of 1,332 homes and 699 sold, there are 1.9 months or 7.6 weeks of supply which translates to a Seller's Market.
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 | $855,939 | 6.9% |
Townhome/Semi | $621,157 | 2.6% |
Bungalow | $744,061 | 2.8% |
1 1/2 Storey | $736,500 | 26.4% |
2 Storey | $768,116 | 5.8% |
3 Storey | $657,678 | -4.1% |
Split-Level | $761,975 | 0.7% |
High-Ranch | $668,540 | 14.7% |
Condo 2 Storey | $413,159 | -3.4% |
Condo Apartment | $432,036 | 4.4% |
Condo 3 Storey | $452,300 | 3.4% |
The tables below shows you the short-term changes, or the month-over-month change in price for 2022, 2023 and 2024.
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 | $672,873 | 2.1% |
October | $653,999 | -2.8% |
November | $635,574 | -2.8% |
December | $631,954 | -0.6% |
Month 2024 | Price | % Change |
January | $638,367 | 1.0% |
February | $649,778 | 1.8% |
March | ||
April | ||
May | ||
June | ||
July | ||
August | ||
September | ||
October | ||
November | ||
December |
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 | 22.0% |
2022 | $691,528 | 7.0% |
2023 | $654,857 | -5.3% |
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 and Stittsville in the West and South to Barrhaven and Manotick.