Greely, Ottawa - July 2026 Real Estate Report

Greely Real Estate Right Now: Your Neighbour's Honest Take

The Vibe in Greely This Month

If you've been watching the "For Sale" signs along Greely's rural roads, here's what's actually happening. The market is split into two very different stories depending on what you own - and both are worth paying attention to.

Houses: A Sellers' Market With Some Patience Required

Let's start with the headline number. The average HonestDoor Price for a house in Greely sits at $1,139,534, up 0.50% from last period. The predicted market value is $1,133,831, and that number is climbing - it's up from the 3-month moving average of $1,122,470. We're moving in the right direction.

The one sale that closed this month did so at 101.90% of list price. That means the buyer paid above asking. In a market where properties are sitting for an average of 89 days, that's a meaningful signal - when a Greely home is priced right, buyers will compete for it.

• Average HonestDoor Price (Houses): $1,139,534
• Predicted Market Value: $1,133,831
• 3-Month Moving Average: $1,122,470
• Average Sale Price This Month: $3,760,000 (up 7.4% from last month)
• Sale-to-List Ratio: 101.90% - buyers paid over asking
• Average Days on Market: 89 days
• Price Per Square Foot: $537
• Estimated Monthly Rent: $4,519
• Rental Yield: 4.57%
• Airbnb Rank in Ottawa: 14th out of all neighbourhoods

On the neighbourhood leaderboard, Greely houses rank 1st out of 24 comparable Ottawa neighbourhoods for price - meaning we're among the most expensive in the city. Growth rate sits at 43rd out of 102, which puts us in above-average territory. The one area to watch is days-on-market, where we rank 17th out of 17 - the slowest in the comparison group. That's not a crisis, it's just the reality of a rural market where the right buyer takes a little longer to find the right home.

How does Greely stack up against the neighbours? Manotick is the closest comparison at $1,184,918, just slightly ahead of us. Riverside South - Leitrim ($780,589) and Osgoode - Vernon ($768,364) are both significantly cheaper. We're firmly in premium territory out here, and the numbers back that up.

Condos: A Quiet Outperformer Worth Watching

Here's the part of the Greely story that doesn't get enough attention. Condo values have changed by 14.84% recently, and that growth rate ranks 13th out of 104 Ottawa neighbourhoods. That puts Greely condos among the top performers in the entire city. That's not a small thing.

The average HonestDoor Price for a Greely condo is $348,180, down 1.40% from last period. But the predicted market value tells a more optimistic story - it's at $353,136, up from a 3-month moving average of $334,911. The short-term dip in the HonestDoor Price and the rising predicted value are pointing in opposite directions, which means this is a moment to watch closely rather than react to.

• Average HonestDoor Price (Condos): $348,180 (down 1.40%)
• Predicted Market Value: $353,136
• 3-Month Moving Average: $334,911
• Estimated Monthly Rent: $1,847
• Rental Yield: 4.10%
• Airbnb Estimate: $92 per night
• Growth Rate Rank: 13th out of 104 Ottawa neighbourhoods - top performer

One interesting note - nearby condos in Manotick ($385,366), Riverside South - Leitrim ($424,908), and Osgoode - Vernon ($418,547) are all priced higher than Greely right now. If you're a buyer, that's a gap worth thinking about. If you're a condo owner here, that gap could close.

The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the honest truth about city assessments. They're snapshots from the past. The Municipal Property Assessment Corporation updates values on a cycle, which means your official assessment could be reflecting a market that existed a year or two ago - not the one buyers are actually shopping in today.

The HonestDoor Price is updated in real time using current sales data, market trends, and comparable properties. For a Greely house owner, that's the difference between thinking your home is worth one number and discovering it's actually worth $1,139,534 - or more. For condo owners watching that 14.84% recent growth, the gap between your assessment and your real-world value could be significant right now.

Before you list, before you refinance, before you even have a casual conversation with a realtor - check your HonestDoor Price. It's the number that reflects what a buyer would actually pay today, not what a government form says your home was worth at some point in the past.

So What Does This Mean If You're Thinking About Selling This Summer?

For house owners, the conditions are genuinely in your favour. Prices are up, the one sale that happened this month closed above asking, and Greely sits at the top of Ottawa's price rankings. The catch is patience - 89 days on market is real, and you need to price strategically to attract that buyer who's specifically looking for what Greely offers. Price it right and they will pay. Price it wrong and you'll be watching that days-on-market number climb.

For condo owners, the timing conversation is more nuanced. The HonestDoor Price dipped slightly, but the predicted value is rising and the growth rank is exceptional - 13th in all of Ottawa. If you're not in a rush, the trend line is pointing up. If you need to move this summer, you're still in a market where buyers are active and rental demand ($1,847 per month estimated) gives investors a reason to look at Greely condos seriously.

Either way, the first step is the same - know your real number. Pull your HonestDoor Price, compare it to what your neighbours are listing at, and make a decision based on what the market is actually doing right now. That's how you win this summer.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.