The Ohio Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Ohio

💡 Key Ohio housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $227,542[1]#42 of 50 states37.9% lower
Median Listing Price $260,000[2]#49 of 50 states40.6% lower
Median Sale Price $242,700[3]#47 of 50 states40.5% lower
30 Year Mortgage Rate 6.95%[4]#15 of 50 states0.4% lower
Median Days on Market 39[5]#10 of 50 states21.9% shorter
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🗺️ Buying a house in the Ohio real estate market

Ohio has an affordability score of 4.2, meaning it takes 4.2 years of the median household income ($58,116) to afford Ohio's median home sale price ($242,700). Because of this, we rank Ohio as the 3rd most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $242,700[6]#47 of 50 states40.5% lower
30 Year Mortgage Rate 6.95%[7]#15 of 50 states0.4% lower
Median Household Income $58,116[8]#36 of 50 states9.9% lower
Affordability Ratio 4.2#3 of 50 states33.2% lower
Buyers Agent Commission 2.91%[9]#44 of 50 states8.8% higher
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Resources for Ohio home buyers

🗺️ Selling a house in the Ohio real estate market

According to our detailed survey of Ohio real estate agents, listing agents (those representing the seller) charge an average commission in Ohio of 3.08%, which is the 6th highest in the United States. Buyers' agents charge an average commission of 2.91%, which is the 7th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $260,000[10]#49 of 50 states40.6% lower
Median Sale Price $242,700[11]#47 of 50 states40.5% lower
Median Days on Market 39[12]#10 of 50 states21.9% shorter
Buyer's Agent Commission 2.91%[13]#44 of 50 states8.8% higher
Listing Agent Commission 3.08%[14]#45 of 50 states7.8% higher
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Resources for Ohio home sellers

Moving to Ohio

According to our recent moving trends survey[15], 6% of Americans indicated that they would choose to move to Ohio if money were no object. Likewise, 6% of survey respondents indicated that they would move to Cincinnati among a choice of America's largest cities, and 5% indicated that they would move to Cleveland. Among medium-sized cities, 9% indicated that they would move to Toledo, and 8% indicated that they would move to Akron.

Here's how Ohio cities rank in a number of our research studies.

StudyBest Ohio cityRank
Best Pizza Cities[16]Cleveland22nd best
Best Coffee Cities[17]Columbus22nd best
Best LGBTQ Cities[18]Cleveland19th best
Best Bike Cities[19]Columbus22nd best
Best Commuter Cities[20]Columbus5th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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