Is Oak Harbor, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oak Harbor has remained a Seller's Market.
Key Takeaway
Oak Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Harbor, OH
How much do homes in Oak Harbor, OH cost?
Median Sold Price
$175,500
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oak Harbor have sold for 13.6% more than they did a year ago.
Summary: The median home sold price in Oak Harbor was $175,500 in May 2024, up 13.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.2K | $122.1K | +25.6% |
| 2 Bedrooms | $160K | $194.3K | +21.4% |
| 3 Bedrooms | $158.7K | $185K | +16.5% |
| 4 Bedrooms | $227K | $194.7K | -14.2% |
| 5+ Bedrooms | $246.7K | - | N/A |
Summary: Oak Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Salem Township | $150.5K | $172.5K | +14.6% |
| Oak Harbor | $154.5K | $175.5K | +13.6% |
Housing Supply in Oak Harbor, OH
How many homes are available in Oak Harbor, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Oak Harbor real estate market had 39 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Harbor, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Oak Harbor in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Oak Harbor, OH
How long does it take to sell a home in Oak Harbor, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 63 Days | -13.7% |
Summary: Homes in Oak Harbor had an average of 63 days on market in May 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oak Harbor has remained consistent over time.
Summary: During May 2024, 13 homes were sold in Oak Harbor; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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