Market Update: Ottawa Real Estate March 2025
What Happened This March — And What It Means for Buyers and Sellers
If you’ve been keeping an eye on the market or just wondering if now’s the right time to make a move, we’ve got good news. The numbers for March 2025 are in, and they tell a story of a market that’s calming down, balancing out, and giving both Buyers and Sellers new opportunities.
Compared to the fast-paced, competitive scene we saw last year, this spring feels different. There are more homes for sale, some price dips in key areas, and less pressure all around. Whether you’re buying your first home, thinking of moving up, or getting ready to sell, here’s what you should know.
Ottawa Real Estate Market Home Prices at a Glance
Single-Family Homes
Average Price: $851,653
Change: Up 0.9% from March 2024
Single-family homes are still holding strong. Prices nudged up just under 1% since last year, showing that demand hasn’t faded — especially from families looking for more space. Even in a market that’s slowed a little, this segment continues to hold its ground. If you’re a Seller in this category, that’s a great sign.
Townhomes & Row Units
Average Price: $558,232
Change: Down 3.3% from March 2024
We’re seeing a bit of a drop in townhome prices. That might sound like bad news for Sellers, but for Buyers, it’s a window of opportunity. If you’ve been waiting for the right time to jump into the market or move up from a condo, this could be it. For Sellers, it’s all about positioning — the right price and the right presentation still go a long way.
Apartments & Condos
Average Price: $426,413
Change: Down 2.9% from March 2024
Apartments and condos continue to be the most affordable choice in Ottawa, and prices have dipped slightly. That’s great news if you’re a first-time Buyer or looking to downsize. You get more value, more choice, and less competition — all of which make this a segment to watch.
What This Means for You
for buyers
If you’re thinking of buying a home, conditions are improving in your favour. With more homes on the market, you now have more options to choose from than we’ve seen in recent years. Bidding wars are no longer the norm, and the pace of the market has slowed enough to give you time to think through your choices.
For first-time Buyers, this is especially promising. Prices for condos and townhomes have come down slightly, creating more affordable entry points into the market. Plus, with inventory levels up, you’re less likely to face high-pressure competition.
At the same time, interest rates have remained relatively steady, and some lenders are beginning to offer more flexible terms. This creates a window of opportunity — especially for those who have been waiting for a less competitive market. If you’re financially prepared and working with a knowledgeable team, you can find good value this spring.
for sellers
While the market has slowed slightly, Sellers still have plenty to be optimistic about — particularly if you’re listing a single-family home. Prices in this category have held firm, showing that demand remains strong, especially from growing families and move-up Buyers.
However, the increase in new listings means that competition is picking up. To stand out, it’s important to price your home accurately and make sure it shows well — from curb appeal to professional photos and thoughtful staging.
Townhome and condo Sellers may need to adjust expectations slightly, as prices in those segments have seen a small dip. But with more Buyers now active again — and looking for affordable alternatives to detached homes — a well-prepared listing can still attract serious interest.
Today’s market isn’t about rushing to list or cutting corners. It’s about strategy, presentation, and working with the right team who understands the data and can position your home effectively.
Let’s Talk About Your Next Move
Whether you’re just starting to think about buying or you’ve been waiting for the right moment to sell, the PREMIER is here to help you move forward with confidence. This market is changing, and we’re here to guide you through it — with honest advice, local insight, and a team that’s focused on results, not pressure.
Reach out today! Let’s talk about what these numbers mean for you.
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For more information and personalized guidance on navigating today’s housing market, contact PREMIER Real Estate today!
