Ohio Homes For Sale Zillow (2024)

FAQs

Is it a good time to buy a house Ohio? ›

The months from March to June are the best time to buy a house in Ohio. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

The median list price in Ohio is $270,000 and the average price per square foot is $159.

The average Ohio home value is $233,949, up 6.2% over the past year and goes to pending in around 6 days.

The current median home sale price of $260,500 is stable and rising steadily at 6.9% YoY. Moreover, homes spend only 32 days on the market. This indicates that the Ohio real estate market is pretty much competitive. The average months of home supply are 2 months YoY.

On average, Ohioans need to earn $64,071 per year to afford a median-priced home of $215,300. That income is up 41.1% from $45,397 in January 2020, but the median price for a home in Ohio is the lowest in the nation, according to Bankrate.

Median Home Price

The median price of a home in Ohio as of April 2024 was $238,700, according to Redfin's monthly housing data. This is an increase of 4.7% from April 2023, accurately reflecting predictions of continually increasing housing prices in the state.

The cheapest place to live in Ohio is Ashtabula. It offers affordable amenities and utilities which are 26.5% lower than the national average.

The study determined that a single working adult needs to make $80,704 in Ohio to live comfortably. Two working adults raising two children will have to make $209,331 to live comfortably. Overall, Ohio came in 45th on the list for the highest salary needed to live comfortably.

Buying land in Ohio presents both opportunities and challenges for potential investors and homeowners. As of 2023, the average value of farm real estate in Ohio was $7,400 per acre, marking a 10.4% increase from the previous year according to the USDA's Land Values Summary.

Is Ohio a good state to buy a house? ›

Michael Gevurtz, founder and CEO of Bluebird Lending — a national private lender largely servicing real estate developers and investors — concurred that Ohio is a popular spot for property acquisition based on the increase in loan applications from the state.

Yes. This is the best time to buy a house in California. With the current trend in the CA housing market, you'll find better deals on your dream home during Q2 2024. As per Fannie Mae, mortgage rates may drop more in Q2 of 2024 due to economic changes, inflation, and central bank policy adjustments.

Winter is traditionally the slowest season for home sales and, as a result, it's the cheapest time to buy a home. There's usually less competition between buyers and sellers may be more willing to negotiate to make a sale since buyer interest is lower than it is in the spring.

In Ohio, it takes an average of 68 days to sell a house. That's 20.0% faster than than the national average of 85 days. On average, homes in Ohio sit on the market for 33 days, and it typically takes 35 days to close once an offer has been accepted.