Is Toledo, 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, 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
$124,966
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Toledo have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Toledo was $124,966 in April 2024, up 8.6% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.5K | $54.7K | -4.8% |
| 2 Bedrooms | $77.6K | $89.2K | +15.0% |
| 3 Bedrooms | $120.9K | $128.9K | +6.6% |
| 4 Bedrooms | $159.4K | $181.8K | +14.0% |
| 5+ Bedrooms | $205.5K | $207.4K | +0.9% |
Summary: Toledo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Ottawa Hills | $341.5K | $374.9K | +9.8% |
| Toledo | $115K | $124.9K | +8.6% |
| Sylvania Township | $275K | $281.3K | +2.3% |
| Northwood | $185K | $186K | 0.5% |
| Washington Township | $176K | $175K | -0.6% |
Housing Supply in Toledo, OH
How many homes are available in Toledo, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 823 | 888 | +7.9% |
Summary: The Toledo real estate market had 888 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 166 | 169 | +1.8% |
| 3 Bedrooms | 484 | 526 | +8.7% |
| 4 Bedrooms | 141 | 158 | +12.1% |
| 5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The Toledo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 261 | 257 | -1.5% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
121 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toledo, you could pay more than the asking price. 47.5% of homes here sold above asking price last month.
Summary: A total of 257 homes were sold or pending in Toledo in April 2024, down by 1.5% month-over-month. Of the 255 sold homes, 41% were sold under asking, 12% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 63 Days | +8.6% |
Summary: Homes in Toledo had an average of 63 days on market in Apr 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
155 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toledo has remained consistent over time.
Summary: During April 2024, 257 homes were sold in Toledo; 21% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 18% 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. 
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.