Is Toronto, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Toronto was a Neutral Market.
Key Takeaway
Toronto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toronto, OH
How much do homes in Toronto, OH cost?
Median Sold Price
$131,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Toronto have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Toronto was $131,000 in April 2024, up 4.6% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70.2K | $29K | -58.7% |
| 2 Bedrooms | $76.9K | $115K | +49.5% |
| 3 Bedrooms | $156.3K | $130K | -16.9% |
| 4 Bedrooms | $114.5K | $172.4K | +50.6% |
| 5+ Bedrooms | $193.2K | $170K | -12.0% |
Summary: Toronto housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.7%, 2 bedroom homes increased by 49.5%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes increased by 50.6%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Island Creek Township | $140K | $165K | +17.9% |
| Clay | $120K | $139.9K | +16.6% |
| Toronto | $125.2K | $131K | +4.6% |
Housing Supply in Toronto, OH
How many homes are available in Toronto, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Toronto real estate market had 28 homes for sale in April 2024, a 9.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Toronto housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toronto, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Toronto in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Toronto, OH
How long does it take to sell a home in Toronto, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 142 Days | +162.0% |
Summary: Homes in Toronto had an average of 142 days on market in Apr 2024, up by 162% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Toronto are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 8 homes were sold in Toronto; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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