Ottawa had 2,092 Residential Properties sell in May 2025, up 3.4%. (includes freehold and condos). 928 sales were freehold, up 8.5%, and 347 were condo sales, down 8.2% over last year.
The average price for a home in Ottawa (including residential homes and condos) is now $721,656, an increase of 4.5% over May, 2024.
Breaking down the average prices into houses and condos:
The average price for a freehold house in Ottawa for May was $815,951, up 3.6%. This includes detached singles, Townhouses and Semi-Detached homes.
The average price for a condominium in Ottawa for May was $469,479 down 0.2%. This includes apartments, row units and stacked-style condos.
How long does it take to sell a Home in Ottawa?
Last month Freehold houses took 21 days to sell versus 22 days last year and Condominiums are taking 31 days to sell versus 27 days last year.
Inventory Levels, how many homes are on the market?
There were 2,902 Residential Properties listed for sale at the end of last month within our territory.
Is it a Buyer's, Seller's or Balanced Market?
With an inventory of 2,902 homes and 1,275 sold, there are 2.3 months or 9.1 weeks of supply which translates to a Seller's Market.
Average Price by Property Type
Average price by the type of property last month, compared with same month last year.
Housing Type
Average Price
% Change
Single Detached
$929,102
4.7%
Townhouses
$664,726
3.7%
Bungalow
$801,498
5.3%
1 1/2 Storey
$802,928
-1.5%
2 Storey
$824,672
2.9%
3 Storey
$816,041
8.5%
Split Level
$761,790
3.3%
High Ranch
$694,100
0.4%
Condo 2 Storey
$434,336
0.3%
Condo Apartment
$495,606
4.5%
Condo 3 Storey
$487,677
-14.4%
Average House Price in Ottawa, by Month 2024
See the short term trend for 2024, month-over-month prices and % Change.
Month 2024
Average Price
% Change
January
$638,367
1%
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
$679,537
4%
October
$666,568
-1.9%
November
$664,475
-0.3%
December
$639,461
-3.8%
Average House Price in Ottawa, by Month 2025
See the short term trend for 2025, month-over-month prices and % Change.
1055 Wiseman Crescent, Ottawa, Riverside Park K1V 8J3
Courtesy of
MLS® X12113518
Free account required
New
Sold 4 days ago
$ 875,000
List
$ 875K
House
4
2
Sqft · 2000-2500
238 Island Park Drive, Ottawa, Westboro North K1Y 0A4
Courtesy of
MLS® X12152233
1
2
3
4
5
...
456
Property Details
Historical Average SOLD Home Prices
Sold Home Prices, 1956 - Present, (including Condos) plus % Change over Previous Year
Year
Average Price
% 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
$19,746
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
$327,255
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%
2024
$676,039
3.2%
Historical Average SOLD Condo Prices
Sold Condo Prices, plus % Change over Previous Year from 2000 till present
Year
Average Price
% Change
2000
$108,363
2001
$124,462
14.8%
2002
$148,151
19%
2003
$165,299
11.6%
2004
$174,323
5.4%
2005
$180,961
3.8%
2006
$186,389
3%
2007
$200,215
7.4%
2008
$214,061
6.9%
2009
$228,618
6.8%
2010
$251,801
10.1%
2011
$263,860
4.7%
2012
$272,123
3.1%
2013
$265,027
-2.7%
2014
$265,165
0.05%
2015
$262,905
-0.8%
2016
$265,237
0.9%
2017
$270,088
1.8%
2018
$275,133
1.8%
2019
$301,669
9%
2020
$361,337
18.8%
2021
$419,683
16.1%
2022
$459,192
9.4%
2023
$437,098
-4.8%
2024
$437,294
0.04%
The Sold Stats here are taken from our local Ottawa 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.
