Is Toledo, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Toledo has remained a Seller's Market.
Key Takeaway
Toledo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toledo, OH
How much do homes in Toledo, OH cost?
Median Sold Price
$127,640
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Toledo have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Toledo was $127,640 in June 2024, up 6.9% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $67.5K | +22.7% |
| 2 Bedrooms | $80.6K | $90K | +11.7% |
| 3 Bedrooms | $123.2K | $130K | +5.4% |
| 4 Bedrooms | $175K | $181.8K | +3.9% |
| 5+ Bedrooms | $216.5K | $187K | -13.6% |
Summary: Toledo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Toledo | $119.4K | $127.6K | +6.9% |
| Ottawa Hills | $355K | $371K | +4.5% |
| Sylvania Township | $276.7K | $284.1K | +2.7% |
| Northwood | $183.5K | $186K | +1.4% |
Housing Supply in Toledo, OH
How many homes are available in Toledo, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 907 | 913 | +0.7% |
Summary: The Toledo real estate market had 913 homes for sale in June 2024, a 0.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 177 | 163 | -7.9% |
| 3 Bedrooms | 535 | 547 | +2.2% |
| 4 Bedrooms | 165 | 175 | +6.1% |
| 5+ Bedrooms | 25 | 21 | -16.0% |
Summary: The Toledo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 16%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 314 | 258 | -17.8% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
145 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toledo, you could pay more than the asking price. 56.2% of homes here sold above asking price last month.
Summary: A total of 258 homes were sold or pending in Toledo in June 2024, down by 17.8% month-over-month. Of the 258 sold homes, 28% were sold under asking, 16% were sold at asking, and 56% were sold over asking.
Days on Market for Toledo, OH
How long does it take to sell a home in Toledo, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 51 Days | 46 Days | -11.2% |
Summary: Homes in Toledo had an average of 46 days on market in Jun 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
169 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toledo has remained consistent over time.
Summary: During June 2024, 258 homes were sold in Toledo; 27% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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