Is Toledo, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toledo is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Toledo was a Seller's Market.

Key Takeaway

Toledo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Toledo, WA

How much do homes in Toledo, WA cost?

Median Sold Price

$635,000

$235/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$236,000(+59.1%)

Key Takeaway

Homes in Toledo have sold for 59.1% more than they did a month ago.

Summary: The median home sold price in Toledo was $635,000 in February 2024, up 59.1% from last month, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $285K-
N/A
3 $399K$635K
+59.1%
4 $587.7K-
N/A
5+ --
N/A

Summary: Toledo housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 59.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Toledo, WA

How many homes are available in Toledo, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2723-14.8%

Summary: The Toledo real estate market had 23 homes for sale in February 2024, a 14.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1614
-12.5%
4 75
-28.6%
5+ 00
0.0%

Summary: The Toledo housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toledo, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Toledo in February 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Toledo, WA

How long does it take to sell a home in Toledo, WA?

Average Sale Time

Jan 2024Feb 2024CHANGE
109 Days177 Days+61.9%

Summary: Homes in Toledo had an average of 177 days on market in Feb 2024, up by 61.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Toledo are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 3 homes were sold in Toledo; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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