columbus, OH for sale "dayton" - craigslist (2024)

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What is the housing market like in Dayton Ohio? ›

Dayton, OH housing market

In May 2024, the median listing home price in Dayton, OH was $189K, trending up 26% year-over-year. The median listing home price per square foot was $130. The median home sold price was $169.8K.

Ohio Housing Market Overview

In April 2024, home prices in Ohio were up 4.7% compared to last year, selling for a median price. On average, the number of homes sold was up 10.0% year over year and there were 11,000 homes sold in April this year, up 10,003 homes sold in April last year.

Ohio Housing Market Conditions

The current real estate market conditions in Ohio are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.05%, marking a decline from approximately 8% in the preceding year of 2023.

Median Home Price in Columbus

Over the last several years, median home prices in Columbus have skyrocketed, but the pace has slowed over the past year. As of September 2023, Redfin data shows that the median home price was $330,000 in Columbus – a 6.5% year-over-year increase.

Key Takeaways: Average home price in Ohio: $221,800, up 5.3% YoY. Home sales decreased by 10.6% YoY. Mortgage interest rates expected to stabilize above 6% in the latter half of 2024.

Current State of Ohio Housing Market

The Ohio housing market is dynamic, with consistent demand driving the market forward. As of early 2024, a notable increase in average sales prices reflects a trend of growth that caters both to the interest of home sellers and buyers within the state.

Right now, Ohio has a deficit of 267,000 housing units, the advocate added. “The biggest issue, I think, is that we know that in the state of Ohio, over 68% of extremely low-income individuals are paying more than 50% of their income on housing costs,” she said.

The National Low Income Housing Coalition last week released a new Gap Report that found that Ohio has a shortage of about 267,380 housing units that are affordable to extremely low income renters, including a deficit of 18,320 units in the Dayton metro area.

The cost of living in Dayton, OH is 4% higher than the state average and 5% lower than the national average. Dayton, OH housing is 17% cheaper than the U.S average, while utilities are about 1% pricier.

The data in this chart is based on the average single family home in Dayton and the United States as of December 2022. Low rent and a high rent-to-value ratio make Dayton one of the best places in Ohio to invest.