Is Ottawa County, 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, 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
$259,750
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ottawa County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Ottawa County was $259,750 in May 2024, up 6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $152.2K | +26.8% |
| 2 Bedrooms | $217.9K | $225K | +3.3% |
| 3 Bedrooms | $249.3K | $280K | +12.3% |
| 4 Bedrooms | $295K | $353.5K | +19.8% |
| 5+ Bedrooms | $407.5K | $400K | -1.8% |
Summary: Ottawa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
| Lucas County | $150.1K | $159.9K | +6.6% |
| Ottawa County | $245K | $259.7K | +6.0% |
| Wood County | $250.2K | $260K | +3.9% |
| Sandusky County | $150K | $155K | +3.3% |
Housing Supply in Ottawa County, OH
How many homes are available in Ottawa County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 265 | 276 | +4.2% |
Summary: The Ottawa County real estate market had 276 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 18 | +5.9% |
| 2 Bedrooms | 57 | 56 | -1.8% |
| 3 Bedrooms | 130 | 134 | +3.1% |
| 4 Bedrooms | 49 | 55 | +12.2% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Ottawa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 66 | -4.3% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 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. 57.6% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Ottawa County in May 2024, down by 4.3% month-over-month. Of the 66 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 49 Days | -16.0% |
Summary: Homes in Ottawa County had an average of 49 days on market in May 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ottawa County has remained consistent over time.
Summary: During May 2024, 66 homes were sold in Ottawa County; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site. 
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.