Is Fostoria, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fostoria is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Fostoria has remained a Seller's Market.

Key Takeaway

Fostoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fostoria, OH

How much do homes in Fostoria, OH cost?

Median Sold Price

$138,500

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,500(+6.5%)

Key Takeaway

Homes in Fostoria have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Fostoria was $138,500 in November 2024, up 6.5% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $30K$85.5K
+185.0%
2 $110.1K$110K
-0.1%
3 $131.7K$138.5K
+5.1%
4 $178K$174.9K
-1.7%
5+ $177.4K$175K
-1.4%

Summary: Fostoria housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 185%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Perry Township
+15.3%
Fostoria
+6.5%
Washington Township
-1.4%

Housing Supply in Fostoria, OH

How many homes are available in Fostoria, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5250-3.8%

Summary: The Fostoria real estate market had 50 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 66
0.0%
3 3030
0.0%
4 1413
-7.1%
5+ 21
-50.0%

Summary: The Fostoria housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fostoria, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Fostoria in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.

Days on Market for Fostoria, OH

How long does it take to sell a home in Fostoria, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
72 Days108 Days+48.9%

Summary: Homes in Fostoria had an average of 108 days on market in Nov 2024, up by 48.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fostoria has remained consistent over time.

Summary: During November 2024, 13 homes were sold in Fostoria; 0% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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