Ottawa Real Estate Market Updates
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Main Housing Stats for Ottawa, September 1, 2024. The average price for a home in Ottawa (including residential homes and condos) is now $653,413, an decrease of 0.8% over August, 2023.
Breaking down the average prices into houses and condos:
The average price for a freehold house in Ottawa for August was $758,113, down 1.5%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in Ottawa for August was $417,532 down 4.3%. This includes apartments, row units and stacked-style condos.
Number of Home Sales versus last year
Ottawa had 836 Residential Properties sell in August 2024, up 5.7%. (includes freehold and condos). 579 sales were freehold, up 9.7%, and 257 were condo sales, down 2.3% over last year.
How long does it take to sell a Home in Ottawa?
Last month Freehold houses took 32 days to sell versus 26 days last year and Condominiums are taking 40 days to sell versus 26 days last year.
Inventory Levels, how many homes are on the market?
There were 2,215 Residential Properties listed for sale at the end of last month within our territory.
New Listings, Sales Activity and Months of Inventory
Below are the OREB Stats for August going back till 2015.
Is it a Buyer's, Seller's or Balanced Market?
With an inventory of 2,215 homes and 836 sold, there are 2.6 months or 10.6 weeks of supply which translates to a Seller's Market.
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 | $855,145 | -2.9% |
| Townhome/Semi | $626,764 | -2.8% |
| Bungalow | $763,112 | -0.7% |
| 1 1/2 Storey | $632,818 | -2.6% |
| 2 Storey | $750,445 | -4.6% |
| 3 Storey | $754,945 | 4.8% |
| Split-Level | $740,122 | 7.9% |
| High-Ranch | $695,000 | 14.8% |
| Condo 2 Storey | $415,831 | -2.7% |
| Condo Apartment | $416,091 | -4.1% |
| Condo 3 Storey | $444,733 | -3.4% |
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, 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 | $678,376 | 4.4% |
| April | $708,848 | 4.5% |
| May | $690,394 | -2.6% |
| June | $681,139 | -1.3 % |
| July | $676,797 | -0.6% |
| August | $653,413 | -3.5% |
| September | ||
| October | ||
| November | ||
| December |
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 | 22.0% |
| 2022 | $691,528 | 7.0% |
| 2023 | $654,857 | -5.3% |
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 and Stittsville in the West and South to Barrhaven and Manotick.
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