Is Ottawa County, 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, Ottawa County has remained a Seller's Market.
Key Takeaway
Ottawa County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ottawa County, OH
How much do homes in Ottawa County, OH cost?
Median Sold Price
$250,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ottawa County have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Ottawa County was $250,000 in April 2024, up 6.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.5K | $144.5K | +17.0% |
| 2 Bedrooms | $217.9K | $225K | +3.3% |
| 3 Bedrooms | $245K | $266.6K | +8.8% |
| 4 Bedrooms | $275K | $337.9K | +22.9% |
| 5+ Bedrooms | $392.5K | $400K | +1.9% |
Summary: Ottawa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Counties
| Lucas County | $149.8K | $159.9K | +6.8% |
| Ottawa County | $234.7K | $250K | +6.5% |
| Wood County | $244.5K | $260K | +6.3% |
| Sandusky County | $150K | $155.6K | +3.8% |
Housing Supply in Ottawa County, OH
How many homes are available in Ottawa County, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 229 | 272 | +18.8% |
Summary: The Ottawa County real estate market had 272 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 22 | +4.8% |
| 2 Bedrooms | 53 | 57 | +7.5% |
| 3 Bedrooms | 106 | 130 | +22.6% |
| 4 Bedrooms | 34 | 49 | +44.1% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Ottawa County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 65 | +91.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ottawa County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Ottawa County in April 2024, up by 91.2% month-over-month. Of the 65 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Ottawa County, OH
How long does it take to sell a home in Ottawa County, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 85 Days | +112.9% |
Summary: Homes in Ottawa County had an average of 85 days on market in Apr 2024, up by 112.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ottawa County has remained consistent over time.
Summary: During April 2024, 65 homes were sold in Ottawa County; 25% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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