Main Housing Stats for Ottawa, May 1, 2023. The average price for a home in Ottawa is now $696,122, a decrease of 7.3% over April, 2022. This number includes all residential houses and condos together.
Breaking down the average prices into houses and condos:
The average price for a freehold house in Ottawa for April was $791,863, down 10%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in April was $444,441 down 7.3%. This includes apartments, row units and stacked-style condos.
Number of Home Sales versus last year
Ottawa had 1,085 Residential Properties sell in April, 2023, down 21%. (includes freehold and condos). 786 sales were freehold, down 15.6%, and 299 were condo sales, down 32.5% 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
$893,503
-9.6%
Townhome/Semi
$659,225
-9.5%
Bungalow
$801,665
-2.5%
1 1/2 Storey
$833,433
12.0%
2 Storey
$790,630
-12.2%
3 Storey
$805,387
-1.3%
Split-Level
$773,353
-13.2%
High-Ranch
$753,900
6.4%
Condo 2 Storey
$427,916
-13.2%
Condo Apartment
$448,173
-5.4%
Condo 3 Storey
$487,000
-11.1%
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
June
July
August
September
October
November
December
How long does it take to sell a Home in Ottawa?
Last month Freehold houses took 23 days to sell versus 8 days last year and Condominiums are taking 32 days to sell versus 10 days last year.
Inventory Levels, how many homes are on the market?
There were 2,798 Residential Properties listed for sale at the end of last month. 2,289 were Freehold Listings versus 1,418 last year and 509 listings were condos versus 369 last year.
Is it a Buyer's, Seller's or Balanced Market?
With an inventory of 2,798 homes and 1,778 sold, there are 6.5 weeks of supply which translates to a strong Seller's Market.
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.
