Ohio
Housing Market

Name: Ohio Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Ohio real estate currently favors sellers. With only 1.7 months of supply and properties taking an average of 43 days on market, sellers maintain substantial pricing authority and attract competitive bids.

Ohio Housing Market Forecast 2026

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Ohio Housing Market Overview

Planning to sell property in Ohio? You're positioned favorably. Though the median sale price reaches $237,500 (up 4% year-over-year), the meaningful indicator is market velocity. Properties move within 43 days on market, inventory totals just 1.7 months of supply, and homes are selling for 98.9% of listing prices. Last month saw 16,300 Ohio houses sold, representing a 1.2% increase from the previous year. These circumstances create optimal conditions for sellers to maximize returns and receive multiple strong offers.

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Ohio Housing Market Forecast for 2026

Ohio's housing market is positioned for gradual stabilization in 2026, with modest growth expected as mortgage rates ease and inventory conditions improve while maintaining seller-favorable dynamics.

Price Outlook:

Home prices in Ohio forecast to rise 2-4% in 2026
Affordability is improving as wage growth outpaces home price appreciation
Strong homeowner equity supports price stability and strategic listing decisions

Will the Ohio Housing Market Crash in 2026?

Expert consensus strongly indicates no. Ohio remains supported by fundamental market strengths, including sustained buyer demand, strong homeowner equity levels, and stricter lending standards than pre-2008. With 1.7 months of supply and homes selling at 98.9% of the asking price, the market demonstrates healthy demand fundamentals. While some localized price corrections may occur in markets with rapid inventory growth, sellers can anticipate continued competitive conditions and price stability through 2026.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
43 days
Months of Supply:
1.7 months
Sale-to-List Ratio:
98.9%
Mortgage Rates:
Currently- 6.23% projected to hover between 6.0% and 6.8%

Ohio Housing Supply

Ohio inventory favors sellers through constrained availability. With 27,253 homes currently available last month, the noteworthy element is supply limitations. Inventory increased 1.6% year-over-year, months of supply sits at merely 1.7 (up slightly marginally from 1.7 previously), and 10,950 new properties came to market this month (a 1% down). This restricted inventory strengthens sellers' negotiating positions and creates urgency among buyers. For sellers ready to capitalize on favorable conditions, now represents an excellent opportunity to list your home on MLS in Ohio and achieve maximum value.

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Ohio Housing Demand

Ohio purchasing activity demonstrates strong seller authority. With the sale-to-list price ratio at 98.9% last month, the defining characteristic is premium pricing capability. An impressive 26.9% of properties sold over asking price (down from 30.8% previously), the sale-to-list ratio held steady 0.3% year-over-year, and Ohio homes with price reductions increased from 42.4% to 46.5%. These figures confirm sellers control market conditions and regularly receive offers exceeding their listing prices.

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Frequently Asked Questions

How have home prices changed in Ohio over the past year?

Ohio's median home price is currently $237,500, with a 4% year-over-year increase. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

Are home prices dropping in Ohio?

Currently, home prices are stable with localized variations across different counties and cities. Experts forecast growth in Ohio home prices through 2025, although increased inventory may moderate prices in overvalued areas.

What's the average price for a house in Ohio?

The average cost of a home in Ohio typically ranges from $214,907 for condos to $240,000 for single-family homes, depending on location, size, and market conditions.

What are the Ohio housing market predictions in 2025 and beyond?

The housing market in Ohio is expected to stabilize in 2025, alongside rising mortgage rates. Our housing market predictions suggest that the supply of Ohio houses should increase enough to stabilize price growth.

What is a good time to buy a home in Ohio?

Typically, from August to December is the best time to buy when supply is high and demand is low. You must check the current market trends in home prices and inventory in Ohio. If mortgage rates are stable, the median market time is more than 70 days, with more than 5 months of supply, it's the best time to buy a house in Ohio.

What are the steps to buying houses in Ohio?

As a buyer, you should keep an eye on price changes and inventory levels. If you're buying a house in Ohio, you should get a mortgage pre-approval and budget for a down payment of at least 10%.

How can I list my home for sale in Ohio?

You can list your home for sale with a Flat Fee MLS Ohio listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Ohio?

The average mortgage rate for buyers in the Ohio real estate market fluctuates between 6% to 8%. Always check your credit score and current mortgage rates with lenders before you apply.

When will the housing market crash in Ohio?

A Ohio housing market crash is not likely in 2025 and 2026. Home prices are not dropping suddenly and remain 80% above pre-COVID levels, with sustained growth projected through 2025. You should keep an eye on Ohio housing market predictions before you invest.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.