$2,078 Closing Credit*
$175,000
1,054 SqFt
3 Beds
•1 Full Bath
Diana L Johnson, Listing Office: Key Realty
Is Ottawa County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$281,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+12.4%)
Key Takeaway
Homes in Ottawa County have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Ottawa County was $281,000 in October 2024, up 12.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $170K | +33.9% |
| 2 Bedrooms | $207.7K | $227.5K | +9.5% |
| 3 Bedrooms | $253.2K | $305K | +20.4% |
| 4 Bedrooms | $345K | $368K | +6.7% |
| 5+ Bedrooms | $389.5K | $665K | +70.7% |
Summary: Ottawa County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 70.7%.
Median Sold Price Compared To Nearby Counties
| Ottawa County | $250K | $281K | +12.4% |
| Lucas County | $150K | $167.2K | +11.5% |
| Wood County | $259.3K | $270K | +4.1% |
| Sandusky County | $155K | $160K | +3.2% |
Housing Supply in Ottawa County, OH
How many homes are available in Ottawa County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 279 | 261 | -6.5% |
Summary: The Ottawa County real estate market had 261 homes for sale in October 2024, a 6.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 11 | -15.4% |
| 2 Bedrooms | 60 | 57 | -5.0% |
| 3 Bedrooms | 143 | 132 | -7.7% |
| 4 Bedrooms | 46 | 46 | 0.0% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Ottawa County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 49 | -29.0% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 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. 67.3% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Ottawa County in October 2024, down by 29.0% month-over-month. Of the 49 sold homes, 67% were sold under asking, 10% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 68 Days | +23.5% |
Summary: Homes in Ottawa County had an average of 68 days on market in Oct 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ottawa County has remained consistent over time.
Summary: During October 2024, 49 homes were sold in Ottawa County; 33% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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