Ohio started 2024 with a total of 10,990 single-family homes on the market, with a median home price of $249,000 and an average price per square foot of $172.38. By the end of the year, inventory had increased to 13,721 homes on the market (+25%), with a median home price of $258,900 (+4%), and an average price per square foot of $175 (+2%).
At the start of 2024, the median days on market (DOM) was 56 days – by the end of the year, median DOM had decreased to 56 days.
Ohio started the year with 35.37% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 40.96% of homes for sale had taken a price cut.
