The average home in Ottawa County was listed at $499,450 in May, up 2.6% from the previous month’s $486,725, an analysis of Realtor.com data shows.
Compared to May 2023, the average list price of a home increased 13.9%, from $438,350.
The statistics in this article refer only to homes for sale in Ottawa County, not homes that have been sold. Information about your local housing market, along with other useful community data, is available at data.portclintonnewsherald.com.
The average Ottawa County home was 1,683 square feet, listed at $287 per square foot. The price per square meter of homes for sale has increased by 8% since May 2023.
Listings in Ottawa County trended steadily, with an average of 50 days listed, compared to May’s national average of 44 days on the market. In the previous month, homes were on the market for an average of 48 days. In May, approximately 60 new homes came onto the market, a decrease of 28.6% compared to the 84 new homes in May 2023.
Realtor.com’s average home prices may exclude many or even most of the homes on the market. Price and volume represent single-family homes, condominiums, or townhomes only. They include existing homes but exclude most new-build homes and pending and conditional sales.
In Ohio, median home prices were $298,750, up 0.1% from April. The average Ohio home for sale was 1,796 square feet, priced at $164 per square foot.
In the United States, the average home price was $442,450, up slightly from the previous month. The average American home for sale was listed at 1,859 square feet, priced at $233 per square foot.
The average list price for homes used in this report represents the midpoint of all homes or units listed during the given period. Experts say the median provides a more accurate picture of what’s happening in a market than the average list price, which would mean taking the sum of all list prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Port Clinton News Herald: Ottawa County home listings asking for more money in May – see current median price here
