Greely, Ottawa - September 2026 Real Estate Report

Greely Real Estate Right Now: Strong House Prices, But Condos Are Sliding

If you live in Greely and you haven't checked your home's value lately, now is the time to pay attention. The house market here is holding its own at the top of Ottawa's price rankings, but the condo side of the ledger is telling a very different story. Here's the straight talk on what's actually happening in our corner of the city.

The Vibe: Houses vs. Condos in Greely

Let's start with houses, because the numbers are genuinely interesting. The average HonestDoor Price for a house in Greely sits at $1,145,030, up 1.64% from the previous period. That's not a rocket ship, but it's moving in the right direction. The predicted market value comes in at $1,126,515, and the 3-month moving average is $1,132,773 - so values have dipped slightly in the short term, down about 1.09% recently. We're not in freefall, but we're not sprinting either.

The sales data is where things get spicy. The one house that sold here recently went for $3,760,000, and it sold at 101.90% of list price - meaning the buyer paid above asking. That's a sellers' market signal. Average days on market, though, is 89 days. So when a house does sell, it sells well. It just takes patience to get there.

• Average HonestDoor Price (Houses): $1,145,030 - up 1.64%
• Predicted Market Value: $1,126,515
• Average Sale Price: $3,760,000
• Sold at 101.90% of list price - above asking
• Average days on market: 89 days
• Price per square foot: $537
• Estimated monthly rent: $4,499 - rental yield of 4.58%
• Price rank in Ottawa: 1 out of 27 - among the most expensive
• Growth rank: 62 out of 98 - below average on the neighbourhood leaderboard
• Days-on-market rank: 17 out of 17 - the slowest-selling in Ottawa

Now for condos, and we have to be honest here - the numbers are not great right now. The average HonestDoor Price for a condo in Greely has dropped 12.04% to $297,275. The predicted market value is $337,978, down from a 3-month moving average of $351,245. That's a slide of 4.90% recently. On the neighbourhood leaderboard, Greely condos rank 87 out of 103 for growth in Ottawa. That puts us near the bottom of the pack. Nearby neighbourhoods like Riverside South-Leitrim ($432,083) and Osgoode-Vernon ($410,410) are priced significantly higher for condos, which tells us Greely isn't the go-to condo destination right now.

• Average HonestDoor Price (Condos): $297,275 - down 12.04%
• Predicted Market Value: $337,978
• Recent value change: -4.90%
• Estimated monthly rent: $1,591
• Rental yield: 4.14%
• Growth rank: 87 out of 103 - near the bottom of Ottawa's condo leaderboard

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

Here's the thing about your city assessment - it's a snapshot from the past. Ottawa's property assessments don't update in real time, which means the number on your tax bill could be months or even years behind what your home is actually worth today.

The HonestDoor Price is the real-world check. It pulls current market signals and updates continuously, so when the Greely house market ticks up 1.64%, that shows up in your HonestDoor Price right away - not two years from now when the city gets around to reassessing. For condo owners watching values slide 12.04%, that real-time read is equally important. You want to know where you actually stand, not where you stood last assessment cycle.

If you're a house owner in Greely, your HonestDoor Price is likely sitting well above your city assessment. That gap is your equity story. If you're a condo owner, knowing the current number helps you make smarter decisions before that gap widens further.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Greely and you're thinking about listing this summer, here's the honest read. You're sitting in the most expensive neighbourhood tier in Ottawa for houses - a price rank of 1 out of 27 is nothing to shrug at. When a house sells here, it sells above asking. The challenge is the 89-day average time on market, which is the slowest in Ottawa. That means you need to price it right from day one and be prepared for a longer runway. The reward at the end, though, is real.

If you own a condo and were hoping to sell this summer, the market is taking a breather - and it's a noticeable one. A 12.04% drop in the HonestDoor Price and a growth rank near the bottom of Ottawa's leaderboard means now might not be the ideal moment to list unless you have to. If you can hold, the rental yield of 4.14% means the asset is still working for you in the meantime.

Bottom line for Greely homeowners: houses are expensive, slow to sell, but they sell strong when they go. Condos need time to find their footing again. Check your HonestDoor Price today so you're making decisions based on what the market is doing right now - not what it was doing when the city last looked.

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.