Is Toledo, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toledo is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, WA

How much do homes in Toledo, WA cost?

Median Sold Price

$586,000

$266/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$256,100(+77.6%)

Key Takeaway

Homes in Toledo have sold for 77.6% more than they did a month ago.

Summary: The median home sold price in Toledo was $586,000 in October 2024, up 77.6% from last month, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $329.9K$175K
-47.0%
3 $475K$495K
+4.2%
4 -$586K
N/A
5+ -$750K
N/A

Summary: Toledo housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47%, 3 bedroom homes increased by 4.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Toledo, WA

How many homes are available in Toledo, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
40400.0%

Summary: The Toledo real estate market had 40 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 78
+14.3%
3 2019
-5.0%
4 55
0.0%
5+ 44
0.0%

Summary: The Toledo 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 increased by 14.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toledo, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Toledo in October 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Toledo, WA

How long does it take to sell a home in Toledo, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
73 Days81 Days+11.7%

Summary: Homes in Toledo had an average of 81 days on market in Oct 2024, up by 11.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Toledo are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in Toledo; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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 20 Days Ago

Newest Listings in Toledo, WA

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