Is Toronto, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Toronto was a Seller's Market.
Key Takeaway
Toronto is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Toronto, OH
How much do homes in Toronto, OH cost?
Median Sold Price
$129,900
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Toronto have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Toronto was $129,900 in May 2024, up 3.8% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.6K | - | N/A |
| 2 Bedrooms | $78.4K | $85K | +8.4% |
| 3 Bedrooms | $152.7K | $124.5K | -18.5% |
| 4 Bedrooms | $114.7K | $175K | +52.6% |
| 5+ Bedrooms | $193.2K | $170K | -12.0% |
Summary: Toronto housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Clay | $120K | $144K | +20.0% |
| Island Creek Township | $145.4K | $165K | +13.5% |
| Toronto | $125.2K | $129.9K | +3.8% |
| New Cumberland | $180K | $160K | -11.1% |
Housing Supply in Toronto, OH
How many homes are available in Toronto, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Toronto real estate market had 30 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Toronto housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toronto, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Toronto in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Toronto, OH
How long does it take to sell a home in Toronto, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 98 Days | +9.2% |
Summary: Homes in Toronto had an average of 98 days on market in May 2024, up by 9.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toronto has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Toronto; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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