Ottawa Real Estate Market Updates 2021
Main Housing Stats for Ottawa, May 2nd, 2021: OREB Members sold 1703 Residential Properties in April 2021, up 154.2% (includes freehold and Condos). 1194 were freehold house sales, up 155% and 505 were condo sales, up by 150% over last year.
April's real estate market was inconsistency and unpredictability. Multiple offers on some homes, while others had limited showings and no offers. Some area's saw higher end sales with less activity but blocks away other places faced bidding wars.
In some neighbourhoods the $500,000 to $700,000 price range was the most in demand, in other areas they had little activity. It was frustrating for sellers and agents.
The average price for all residential homes last month, which includes houses and condos was $686,608 an increase of 39.2% over 2020. This was an increase of 0.7% over last months average price.
- Average Freehold House Price in Ottawa is $792,025, up 40.2%
- Average condominium price in Ottawa now $436,529, up 33.4%
Average SOLD Home Prices by Property Type
Compare prices for different types of Freehold & Condominium class properties last month
| Housing Type | Average Price |
% Change in Price |
| Bungalow | $781,214 | 43.4% |
| 1 1/2 storey | $813,150 | 46.5% |
| 2 storey | $928,687 | 42.2% |
| 3 storey | $1,406,006 | -9.3% |
| Split-Level | $795,323 | 51.9% |
| High-Ranch | $724,365 | 45.6% |
| Condo 2 Storey | $435,830 | 47.4% |
| Condo Apartment | $431,214 | 26.9% |
| 3 Storey Condo | $507,963 | 49.2% |
How long to sell a Home?
Last month Residential houses took 7 days to sell versus 13 last year and Condominiums are taking 9 days to sell versus 15 days last year. The days quoted are Cumulative Days on the Market (more accurate)
Inventory Levels, How many homes for sale?
There were 954 Residential Properties listed for sale at the end of last month. 634 were Residential Freehold Listings, down 50% and 320 listings were condos, down 10% over the same month last year
Average House Price by Month, 2021
| Month 2021 | Price | % Change |
| January | $606,459 | |
| February | $654,000 | 7.8% |
| March | $681,673 | 4.2% |
| April | $686,608 | 0.7% |
| May | ||
| June | ||
| July | ||
| August | ||
| September | ||
| October | ||
| November | ||
| December |
Buyer's or Seller's Market?
We are currently in a Sellers' Market here in Ottawa with multiple offers and sales over asking price happening all across the City, we are maybe seeing it calm just a little in the last week or two.
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.
What's Your Home Worth?
Historical Average SOLD Prices
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).
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