The 2020s have been a defining period for real estate. From historic highs to fluctuating interest rates, the last few years have brought unique opportunities and challenges for buyers, sellers, and investors. As we head into the latter half of the decade, it’s time to reflect on the 2024 trends that shaped housing in the 419. Whether you’re a homeowner or an aspiring buyer, it’s wise to keep a pulse on what’s happening in our local market.
area overview
This data is collected from the most current stats available as of 12/17/24 on the Multiple Listing Service of Northwest Ohio Realtors. NWOR serves Toledo and surrounding areas, including Defiance, Fulton, Hancock, Henry, Lucas, Paulding, Putnam, Williams, and Wood Counties. Unless otherwise stated, data includes all property types, all years of construction, and traditional sales as well as foreclosures.
entire mls
12-month average sale price: $216,302 (up 6.2% from previous 12-month period)
12-month average price per square foot: $125 (up 6.8%)
Single highest monthly sale price: August with an average sale price of $234,289
Single lowest monthly sale price: January with an average sale price of $186,388
12-month average days on market: 61 (no change from previous 12-month period)
Single month with the quickest sales: May with an average DOM of 54
Single month with the slowest sales: February with an average DOM of 72
Single month with the most new listings: August with 1,220 new listings
Single month with the least new listings: January with 754 new listings
county stats
defiance county
12-month average sale price: $185,836 (up 6.3%)
12-month average days on market: 62 (down 7.5%)
12-month average price per square foot: $119 (up 7.2%)
Total number of homes sold between 1/1/24-12/17/24: 322
fulton county
12-month average sale price: $221,274 (up 1.9%)
12-month average days on market: 63 (down 4.5%)
12-month average price per square foot: $137 (up 4.6%)
Total number of homes sold between 1/1/24-12/17/24: 339
hancock county
12-month average sale price: $247,938 (up 2.4%)
12-month average days on market: 64 (down 1.5%)
12-month average price per square foot: $140 (up 3.7%)
Total number of homes sold between 1/1/24-12/17/24: 737
henry county
12-month average sale price: $184,647 (up 9.7%)
12-month average days on market: 61 (down 10.3%)
12-month average price per square foot: $114 (up 9.6%)
Total number of homes sold between 1/1/24-12/17/24: 186
lucas county
12-month average sale price: $200,541 (up 7.9%)
12-month average days on market: 56 (down 1.8%)
12-month average price per square foot: $117 (up 7.3%)
Total number of homes sold between 1/1/24-12/17/24: 4,705
ottawa county
12-month average sale price: $266,860 (up 6.3%)
12-month average days on market: 77 (up 4.1%)
12-month average price per square foot: $173 (up 7.5%)
Total number of homes sold between 1/1/24-12/17/24: 263
paulding county
12-month average sale price: $169,600 (up 16.7%)
12-month average days on market: 77 (up 1.3%)
12-month average price per square foot: $108 (up 14.9%)
Total number of homes sold between 1/1/24-12/17/24: 110
putnam county
12-month average sale price: $201,278 (up 15.1%)
12-month average days on market: 74 (up 2.8%)
12-month average price per square foot: $111 (up 8.8%)
Total number of homes sold between 1/1/24-12/17/24: 93
sandusky county
12-month average sale price: $189,057 (up 6.5%)
12-month average days on market: 56 (down 13.8%)
12-month average price per square foot: $116 (up 10.5%)
Total number of homes sold between 1/1/24-12/17/24: 181
seneca county
12-month average sale price: $170,366 (up 5.7%)
12-month average days on market: 70 (up 20.7%)
12-month average price per square foot: $107 (up 4.9%)
Total number of homes sold between 1/1/24-12/17/24: 229
williams county
12-month average sale price: $170,663 (up 0.6%)
12-month average days on market: 65 (down 4.4%)
12-month average price per square foot: $112 (up 3.7%)
Total number of homes sold between 1/1/24-12/17/24: 386
wood county
12-month average sale price: $302,744 (up 2.1%)
12-month average days on market: 63 (up 6.8%)
12-month average price per square foot: $157 (up 6.1%)
Total number of homes sold between 1/1/24-12/17/24: 1,173
Home prices continued to rise across the region in 2024. Wood County had the highest average price, while Paulding County had the most significant year-over-year increase. August was the most popular time to list and also had the highest average sale price. Conversely, January had the lowest prices and the fewest listings. The majority of homes were sold in Lucas, the most populous county in Northwest Ohio.
While the area as a whole had no change in time on market, the data is quite varied when examining individual counties. Defiance, Fulton, Hancock, Henry, Lucas, Sandusky, and Williams counties experienced less time on the market in 2024. Ottawa, Paulding, Putnam, Seneca, and Wood counties took longer to sell on average. Seneca County had the largest DOM increase, up 20.7% over the last 12 months– while Ottawa and Paulding counties had the longest overall time on the market with an average of 77 days.
Curious where things are heading in 2025? Stay tuned! We’ll be discussing predictions from the experts in January.