Is Ottawa County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ottawa County has remained a Seller's Market.
Housing Prices in Ottawa County, OH
How much do homes in Ottawa County, OH cost?
Median Sold Price
$250,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ottawa County was $250,000 in April 2024, up 6.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.5K | $144.5K | +17.0% |
2 Bedrooms | $217.9K | $225K | +3.3% |
3 Bedrooms | $245K | $266.6K | +8.8% |
4 Bedrooms | $275K | $337.9K | +22.9% |
5+ Bedrooms | $392.5K | $400K | +1.9% |
Summary: Ottawa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
Lucas County | $149.8K | $159.9K | +6.8% |
Ottawa County | $234.7K | $250K | +6.5% |
Wood County | $244.5K | $260K | +6.3% |
Sandusky County | $150K | $155.6K | +3.8% |
Housing Supply in Ottawa County, OH
How many homes are available in Ottawa County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
229 | 272 | +18.8% |
Summary: The Ottawa County real estate market had 272 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 22 | +4.8% |
2 Bedrooms | 53 | 57 | +7.5% |
3 Bedrooms | 106 | 130 | +22.6% |
4 Bedrooms | 34 | 49 | +44.1% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Ottawa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 65 | +91.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Ottawa County in April 2024, up by 91.2% month-over-month. Of the 65 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Ottawa County, OH
How long does it take to sell a home in Ottawa County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 85 Days | +112.9% |
Summary: Homes in Ottawa County had an average of 85 days on market in Apr 2024, up by 112.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 65 homes were sold in Ottawa County; 25% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.