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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ottawa is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ottawa was a Buyer's Market.

Key Takeaway

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

Housing Prices in Ottawa, OH

How much do homes in Ottawa, OH cost?

Median Sold Price

$250,000

$129/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$74,000(+42.0%)

Key Takeaway

Homes in Ottawa have sold for 42% more than they did a month ago.

Summary: The median home sold price in Ottawa was $250,000 in December 2024, up 42% from last month, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $176K-
N/A
3 -$149.9K
N/A
4 -$350.5K
N/A
5+ --
N/A

Summary: Ottawa housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ottawa
+42.0%
Ottawa Township
+42.0%

Housing Supply in Ottawa, OH

How many homes are available in Ottawa, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
990.0%

Summary: The Ottawa real estate market had 9 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 44
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Ottawa housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ottawa, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Ottawa in December 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Ottawa, OH

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

Average Sale Time

Nov 2024Dec 2024CHANGE
39 Days35 Days-9.4%

Summary: Homes in Ottawa had an average of 35 days on market in Dec 2024, down by 9.4% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ottawa are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in Ottawa; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Ottawa, OH

Nearby Markets to Ottawa, OH