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Featured local agent — Ottawa, IL
Sarah Mitchell
Compass Real Estate · Ottawa, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Ottawa, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$200,000median sale price
How is the Ottawa, IL housing market right now?
The median home sale price in Ottawa, IL is $200,000, up 8.7% year-over-year. Homes sell in an average of 61 days with 97 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Ottawa a buyer's or seller's market?
Ottawa, IL is currently a buyer's market, based on 5.4 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
61
Average pace
Active listings
97
5.4 months supply
Sale-to-list
97.2%
Below asking
What does the Ottawa housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $200,000 |
| Median list price | $229,750 |
| Year-over-year price change | +8.7% |
| Average days on market | 61 days |
| Active inventory | 97 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $171/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 45 |
| Listings with a price cut | 14.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Ottawa by property type?
How the Ottawa, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $200,000 | $171/sq ft | 18 | 61 days |
| Condo / Co-op | $202,000 | $108/sq ft | 1 | 41 days |
| Townhouse | $210,000 | $189/sq ft | 1 | 44 days |
Source: Redfin · Updated monthly
The Ottawa housing market is currently classified as a buyer's market with a median sale price of $200,000. Prices have risen 8.7% compared to last year, with homes spending an average of 61 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Ottawa
There are currently 97 homes listed for sale in Ottawa, Illinois. The median listing price is $230K.
Active listings
97
Homes on market
Median list price
$230K
Avg. days on market
61
Days until sale
New this week
45
Newly listed
Who lives in Ottawa?
Population
18,714
Median income
$73,011/yr
Median age
40.3 years
Owner-occupied
69.4%
College grads
21.9%
Avg commute
22.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Ottawa?
Zillow home value
$212,519
Zillow rent index
$1,408/mo
Price-to-rent ratio
12.6x
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Ottawa?
Ottawa is a community of approximately 19K residents with a median age of 40.3 years.The median household income is $73,011, which represents a working-class community with solid middle-income opportunities. 21.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Ottawa offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Ottawa?
11 schools tracked · 3,550 students
The largest public schools serving Ottawa, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ottawa Township High School
Grades 9-12 · 1,270 students
Wallace Elem School
Grades PK-8 · 400 students
McKinley Elem School
Grades PK-4 · 399 students
Shepherd Middle School
Grades 7-8 · 381 students
Lincoln Elem School
Grades PK-4 · 363 students
Central Intermediate School
Grades 5-6 · 325 students
Jefferson Elem School
Grades PK-4 · 306 students
Rutland Elem School
Grades PK-8 · 69 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Ottawa, IL?
Want a head-to-head view? Compare Ottawa side-by-side with any other U.S. city using our market-comparison tool.
Is Ottawa a good real estate investment market?
For investors evaluating Ottawa, the price-to-rent ratio of 12.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 8.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Ottawa's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Ottawa's median home price.
Frequently asked questions
What is the average home price in Ottawa?
The median home sale price in Ottawa is $200,000, up 8.7% from last year.
How long do homes stay on market in Ottawa?
Homes typically spend 61 days on market before going under contract.
What is the median income in Ottawa?
The median household income is $73,011 per year.
Is Ottawa a buyer's or seller's market?
With 5.4 months of supply, Ottawa is currently a buyer's market.
What is the Zillow home value estimate for Ottawa?
The Zillow Home Value Index (ZHVI) for Ottawa is $212,519, representing the typical home value in the area.
What is the median condo price in Ottawa?
The median condo/co-op sale price in Ottawa, IL is $202,000, compared to $200,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Ottawa?
The median single-family home price in Ottawa, IL is $200,000 (about $171 per square foot).
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