Is Toledo, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Toledo has remained a Seller's Market.
Housing Prices in Toledo, OH
How much do homes in Toledo, OH cost?
Median Sold Price
$123,777
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Toledo was $123,777 in March 2024, up 7.5% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57.5K | $48.7K | -15.2% |
2 Bedrooms | $77.4K | $87.6K | +13.1% |
3 Bedrooms | $121.3K | $127.2K | +4.9% |
4 Bedrooms | $155K | $184.6K | +19.0% |
5+ Bedrooms | $195K | $212.5K | +9.0% |
Summary: Toledo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Ottawa Hills | $339.5K | $377.4K | +11.2% |
Toledo | $115K | $123.7K | +7.5% |
Northwood | $180K | $187.6K | +4.2% |
Sylvania Township | $277.7K | $278K | 0.1% |
Washington Township | $175K | $175K | 0.0% |
Housing Supply in Toledo, OH
How many homes are available in Toledo, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
818 | 798 | -2.4% |
Summary: The Toledo real estate market had 798 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 153 | 171 | +11.8% |
3 Bedrooms | 500 | 465 | -7.0% |
4 Bedrooms | 143 | 135 | -5.6% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Toledo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
261 | 246 | -5.7% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
90 Homes Were Sold
Over Asking
Summary: A total of 246 homes were sold or pending in Toledo in March 2024, down by 5.7% month-over-month. Of the 245 sold homes, 49% were sold under asking, 15% were sold at asking, and 37% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 64 Days | +3.6% |
Summary: Homes in Toledo had an average of 64 days on market in Mar 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
132 Homes Were Sold
In 30 - 90 Days
55 Homes Were Sold
Over 90 Days
Summary: During March 2024, 246 homes were sold in Toledo; 24% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.