Ottawa Real Estate Statistics

Ottawa Real Estate Price Trend
Ottawa real estate average sold price in the last 30 days (February 27 - March 27) was $803,044, which is $248,794 (31.0%) higher than the average price of $554,250 in the previous 30 day period (January 28 - February 26), and $247,644 (30.8%) up from the same period 1 year ago ($555,400). Ottawa real estate prices over the last 30 days are also $75,414 (9.4%) higher than the average selling price of $727,630 over the past year.
Ottawa average sold price for homes was $1,135,300 in the last 30 days (February 27 - March 27), which is $325,300 (28.7%) up from the average home price of $810,000 in the previous 30 day period (January 28 - February 26), and $467,800 (41.2%) higher than the same period 1 year ago ($667,500). In the last 30 days Ottawa the average home price was $126,297 (11.1%) higher than the average selling price of $1,009,003 over the last 12 months.
Average Ottawa condo sold price over the last 30 days (February 27 - March 27) was $370,000. During this period it was $13,000 (3.5%) down from the average price of condo of $383,000 during the previous 30 days (January 28 - February 26), and $50,000 (13.5%) lower compared to the same period 1 year ago ($420,000). In the last 30 days Ottawa the average condo price was $33,692 (9.1%) higher than the average selling price of $336,308 over the last year.
Average sold price of Ottawa townhouse was $557,397 in the last 30 days (February 27 - March 27), up $2,826 (0.5%) from the average townhome price of $554,571 over the previous 30 days (January 28 - February 26), and $16,064 (2.9%) higher than during to the same period 1 year ago ($541,333). Over the last 30 days the average townhouse price in Ottawa was $8,935 (1.6%) higher compared to the average selling price of $548,462 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Ottawa real estate was $803,044 in the last 30 days (February 27 - March 27), which is collectively $29,973 (3.9%) lower than the average asking price of $764,779. This represents a decline of $32,598 (1,241.8%) compared to $2,625 (0.4%) Sold-Over-Asking price from the previous 30 day period (January 28 - February 26).
The maximum Sold Over/Under Asking ratio in Ottawa during the last 12 months was recorded in May, 2023 with an average of $3,796 over the asking price, while the minimum occurring in October, 2023 with $65,875 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Ottawa was 36.7% with 11 properties sold and 20 new properties listed in the past 30 days (February 27 - March 27). This represents a decrease from 60.0% recorded during the previous 30 day period (January 28 - February 26), and a decrease from 100.0% compared to the same period one year ago.
Over the the last year the highest SNLR in Ottawa was 90.9% recorded in March and the lowest was in October at 12.9%. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 11 properties that were successfully sold in Ottawa in the last 30 days (February 27 - March 27) was 50 days, which is 27 days more than 23 days average in the previous 30 day period (January 28 - February 26) and 20 days longer than during the same period a year ago (30 days).
There were 21 delisted properties in Ottawa, those that got either Expired, Suspended or Terminated over the last 30 days (February 27 - March 27) with an average of 76 days on the market. This is 30 days shorter than the average of 106 days during the previous 30 day period (January 28 - February 26) and 20 days less compared to the same period last year average of 96 days on the market.
21 Ottawa properties that didn't sell stayed on the market 52.0% longer than 11 that sucessfully sold over the last 30 days - 50 days when sold vs 76 days when delisted respectively.
Average Days on the Market in Ottawa over the past 12 months for properties that have sold was 41.0 days, with 71.6 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
30 new properties were listed on the market in Ottawa in the last 30 days (February 27 - March 27). During the same time 11 properties were sold and 21 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 2 properties (or 6.7%).
During the previous 30 day period (January 28 - February 26) there were 20 new properties listed, 12 sold and 17 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 38 new properties listed, the slowest - December with 7 new listings and a yearly average of 26 new listings per month.
New Real Estate Listings by Property Type
There were a total of 13 homes listed during the last 30 days (February 27 - March 27), which is 43.3% of all properties listed in Ottawa. This is a 116.7% increase compared with a previous 30 day period (January 28 - February 26) and 160.0% up from the same period a year ago. Over the past year an average of 13 homes are were listed per month.
4 condo units were listed in the last 30 days (February 27 - March 27) in Ottawa, which represents 13.3% of all new listings. This is up 100.0% from the prior 30 day period (January 28 - February 26) and 300.0% more compared to the same period last year. There were 4 condos listed per month on average during the last 12 months.
13 townhomes were listed over the last 30 days (February 27 - March 27) in Ottawa, which is 43.3% of all new real estate inventory. This is a 8.3% more than during the previous 30 day period (January 28 - February 26) and 225.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 9 a month.
Real Estate Sales by Property Type
There were a total of 5 homes sold during the last 30 days (February 27 - March 27), which is 45.5% of all properties sold in Ottawa. This is a 150.0% increase compared with a previous 30 day period (January 28 - February 26) and 25.0% up from the same period a year ago. Over the past year an average of 4 homes are were sold per month.
1 condo units were sold in the last 30 days (February 27 - March 27) in Ottawa, which represents 9.1% of all sold properties. This is down 66.7% from the prior 30 day period (January 28 - February 26) and 66.7% less compared to the same period last year. There were 2 condos sold per month on average during the last 12 months.
5 townhomes were sold over the last 30 days (February 27 - March 27) in Ottawa, which is 45.5% of all sold real estate. This is a 28.6% less than during the previous 30 day period (January 28 - February 26) and 66.7% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 4 a month.
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