Is Ottawa, 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 has remained a Seller's Market.
Key Takeaway
Ottawa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ottawa, OH
How much do homes in Ottawa, OH cost?
Median Sold Price
$116,000
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ottawa have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Ottawa was $116,000 in April 2024, down 3.7% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69.7K | $53.9K | -22.7% |
| 3 Bedrooms | $126.5K | $115.6K | -8.6% |
| 4 Bedrooms | $120K | $175K | +45.8% |
| 5+ Bedrooms | $289.9K | $259.4K | -10.5% |
Summary: Ottawa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.7%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Old West End | $58K | $83K | +43.1% |
| Westgate | $178K | $195K | +9.6% |
| DeVeaux | $123.9K | $129.9K | +4.8% |
| Ottawa | $120.5K | $116K | -3.7% |
Housing Supply in Ottawa, OH
How many homes are available in Ottawa, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 60 | +5.3% |
Summary: The Ottawa real estate market had 60 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 34 | 39 | +14.7% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Ottawa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ottawa, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Ottawa in April 2024, down by 27.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 6% were sold at asking, and 38% were sold over asking.
Days on Market for Ottawa, OH
How long does it take to sell a home in Ottawa, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 72 Days | 77 Days | +6.9% |
Summary: Homes in Ottawa had an average of 77 days on market in Apr 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ottawa has remained consistent over time.
Summary: During April 2024, 16 homes were sold in Ottawa; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.