Ottawa, IL Home Values & Market Trends
Real estate market trends reflect that there have been 372 transactions over the past year in Ottawa. The median value for residential home transactions that occurred over the previous year is $225,000. The number of current listings in Ottawa is 313, and the percentage of properties for sale in the city is 313.00%. Ottawa, IL currently has 35 properties in foreclosure, 1 bank owned properties, 5 properties headed for auction, and 313 properties for sale.
Ottawa, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61350 | $ 225,000 $ 159/sqft |
Housing Market Summary for Ottawa, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $238.4K | $256.9K | 7.76% |
| Median Sold Price | $195.4K | $179.5K | -8.14% |
| Homes For Sale | 170 | 300 | 76.47% |
| Homes Sold | 239 | 147 | -38.49% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Ottawa, IL
Browse Homes in Ottawa, IL
Ottawa home values range from $35,000 to $1,600,000. The median estimated value of a home in Ottawa is $225,000. The median list price of a home is 249,900, and the total count of properties in the city is 530.
- Pre-ForeclosurePre-foreclosure homes account for 5.47% of all residential properties in Ottawa, IL with 61350 containing 29 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Ottawa, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $397,144 in 61350 to the lowest home value of $96,020 in 61350.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Ottawa, IL ranges from the highest value of $158,688 in 61350 to the lowest value of $158,688 in 61350. Bank owned homes and properties account for 0.19% of properties in Ottawa, IL. There is 1 zips within Ottawa, IL; 61350 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61350 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Ottawa, IL. Auction homes and other auction properties account for 0.94% of all properties in Ottawa, IL. There is 1 zips within Ottawa, IL; of that zips, the median estimated home value for homes going to auction ranges from $182,766 in 61350 to the lowest value of $120,000 in 61350.
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Guide for Ottawa, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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