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.
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.
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.
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% |
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 |
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.
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.
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.
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% |
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.