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.
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
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
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
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.