$805 Closing Credit*
$67,800
1,336 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 November 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
$132,632
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,671(+10.6%)
Key Takeaway
Homes in Toledo have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Toledo was $132,632 in November 2024, up 10.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $75K | +31.6% |
| 2 Bedrooms | $86.1K | $94.9K | +10.1% |
| 3 Bedrooms | $124.2K | $137.9K | +11.0% |
| 4 Bedrooms | $187.3K | $179.9K | -3.9% |
| 5+ Bedrooms | $223.7K | $186K | -16.9% |
Summary: Toledo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.6%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 16.9%.
Median Sold Price Compared To Nearby Cities
| Toledo | $119.9K | $132.6K | +10.6% |
| Northwood | $192K | $210K | +9.4% |
| Sylvania Township | $280.8K | $295K | +5.1% |
| Ottawa Hills | $374.9K | $365K | -2.7% |
Housing Supply in Toledo, OH
How many homes are available in Toledo, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 955 | 918 | -3.9% |
Summary: The Toledo real estate market had 918 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 191 | 185 | -3.1% |
| 3 Bedrooms | 574 | 547 | -4.7% |
| 4 Bedrooms | 156 | 151 | -3.2% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The Toledo 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 decreased by 3.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 285 | 276 | -3.2% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
118 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toledo, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.
Summary: A total of 276 homes were sold or pending in Toledo in November 2024, down by 3.2% month-over-month. Of the 276 sold homes, 45% were sold under asking, 13% were sold at asking, and 43% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 54 Days | +16.9% |
Summary: Homes in Toledo had an average of 54 days on market in Nov 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
166 Homes Were Sold
In 30 - 90 Days
41 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toledo has remained consistent over time.
Summary: During November 2024, 276 homes were sold in Toledo; 25% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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