Northwest Ohio Housing Market Sees Rising Prices Amid Slight Decline in August Sales

The latest housing data from Northwest Ohio REALTORS® reveals a market characterized by strong home values and steady year-to-date growth, despite a slight slowdown in sales during August.

In August 2025, Single Family homes saw a 5.5% decrease in new listings compared to August 2024, dropping from 1,004 to 949. Closed sales also fell 5.1%, while the Days on Market rose 10.5% to 63, indicating that homes are taking slightly longer to sell.

Prices, however, continue to climb. The median sales price increased 9.3% year-over-year to $224,000, while the average sales price rose 4.6% to $251,246. The price per square foot saw a 4.8% increase, reaching $139.42. Total sales volume for the month came in at $190.2 million, a slight 0.8% decrease from last August.

Year-to-date, the market shows strong momentum. New listings are up 8.2%, closed sales have risen 3.6%, and total volume has grown 13.5% to over $1.27 billion, reflecting continued buyer demand and rising home values.

The Condo/Villa market also performed well in August. Closed sales increased 3.9%, and prices rose modestly with the median sales price up 4.2% to $250,000. Total monthly volume grew 7.6% to $13.1 million. Year-to-date, condo sales are up 4.8%, and new listings have increased 7.9%, indicating solid growth in this segment of the market.

“The numbers show a market that is stabilizing while still offering strong returns for sellers,” said Emily Bailey, President of Northwest Ohio REALTORS®. “While we’ve seen a slight dip in activity this month, demand remains healthy, and rising home values continue to be a positive sign for both homeowners and our regional economy.”

With prices climbing and inventory levels holding steady at four months for single-family homes and three months for condos, Northwest Ohio’s housing market is moving toward balance, offering opportunities for both buyers and sellers as the year progresses.