Top Real Estate Agents in Ohio

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2023 Ohio Housing Market Summary

Ohio started 2023 with a total of 11,438 single-family homes on the market, with a median home price of $220,000 and an average price per square foot of $151. By the end of the year, inventory had increased to 11,527 homes on the market (+0%), with a median home price of $245,000 (+11%) and an average price per square foot of $171 (+13%).

At the start of 2023, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 56 days.

Ohio started the year with 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 37% of Ohio homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Ohio started 2023 as a strong seller’s market, with an MAI score of 45; by the end of the year, the MAI had held steady at 45 – a strong seller’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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