$1,128 Closing Credit*
$95,000
1,142 SqFt
3 Beds
•1 Full Bath
Listing Office: Key Realty LTD
Is Toledo, 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, Toledo has remained a Seller's Market.
Key Takeaway
Toledo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toledo, OH
How much do homes in Toledo, OH cost?
Median Sold Price
$130,019
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,050(+8.4%)
Key Takeaway
Homes in Toledo have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Toledo was $130,019 in October 2024, up 8.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $51K | $73.8K | +44.8% |
| 2 Bedrooms | $85K | $94.2K | +10.9% |
| 3 Bedrooms | $124.3K | $135K | +8.6% |
| 4 Bedrooms | $185.2K | $176.3K | -4.8% |
| 5+ Bedrooms | $231.2K | $171.6K | -25.8% |
Summary: Toledo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.8%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Sylvania Township | $275K | $299.9K | +9.1% |
| Toledo | $119.9K | $130K | +8.4% |
| Northwood | $192.5K | $205.5K | +6.8% |
| Ottawa Hills | $362.3K | $373.4K | +3.1% |
Housing Supply in Toledo, OH
How many homes are available in Toledo, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 969 | 986 | +1.8% |
Summary: The Toledo real estate market had 986 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 190 | 197 | +3.7% |
| 3 Bedrooms | 584 | 591 | +1.2% |
| 4 Bedrooms | 156 | 165 | +5.8% |
| 5+ Bedrooms | 31 | 27 | -12.9% |
Summary: The Toledo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 12.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 272 | 268 | -1.5% |
Asking Price vs. Sold Price
115 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
123 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toledo, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.
Summary: A total of 268 homes were sold or pending in Toledo in October 2024, down by 1.5% month-over-month. Of the 268 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% were sold over asking.
Days on Market for Toledo, OH
How long does it take to sell a home in Toledo, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 54 Days | +10.8% |
Summary: Homes in Toledo had an average of 54 days on market in Oct 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
185 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toledo has remained consistent over time.
Summary: During October 2024, 268 homes were sold in Toledo; 21% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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