$2,126 Closing Credit*
$179,000
4,773 SqFt
Listing Office: The Danberry Co
Is Ottawa, 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 has remained a Seller'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
$124,888
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,112(-3.2%)
Key Takeaway
Homes in Ottawa have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Ottawa was $124,888 in October 2024, down 3.2% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $72.5K | +3.6% |
| 3 Bedrooms | $132.5K | $124.4K | -6.1% |
| 4 Bedrooms | $140.5K | $137.5K | -2.1% |
| 5+ Bedrooms | $261.4K | $278K | +6.4% |
Summary: Ottawa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| DeVeaux | $122.1K | $139.9K | +14.5% |
| Westgate | $193.7K | $206.5K | +6.6% |
| Ottawa | $129K | $124.8K | -3.2% |
| Old West End | $110K | $58K | -47.3% |
Housing Supply in Ottawa, OH
How many homes are available in Ottawa, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Summary: The Ottawa real estate market had 52 homes for sale in October 2024, a 11.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 39 | 36 | -7.7% |
| 4 Bedrooms | 15 | 10 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Ottawa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ottawa, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Ottawa in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 79 Days | +94.9% |
Summary: Homes in Ottawa had an average of 79 days on market in Oct 2024, up by 94.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ottawa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Ottawa; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.