The Northwest Ohio housing market finished November with nuanced signs of both cooling and resilience. While some local metrics softened compared to last year, year-to-date prices and sales volume remain higher than 2024 — suggesting sustained buyer interest amidst persistent supply bottlenecks.

1. Overall Lucas & Wood Counties Market

Closed Sales & Inventory

• Closed sales in November 2025 were down ~6–8% compared to November 2024, reflecting seasonal softness and buyer hesitation.

• Inventory rose significantly, with nearly 4 months of supply, giving buyers more options and slightly reducing seller leverage.

• Pending sales also declined, signaling possible slower market pacing going into winter. Northwest Ohio REALTORS® -

Median & Average Sale Prices

• Median sale price climbed to $199,900 — up ~5.2% year-over-year.

• Average sale price increased ~5.6% from November 2024 levels.

• Year-to-date figures remain strong:

  • YTD median price: +9.0% vs. YTD 2024

  • YTD average price: +7.7% vs. YTD 2024

  • Total sales volume: up ~11.6% YTD

• These continued price gains indicate underlying demand despite monthly fluctuations. Northwest Ohio REALTORS® -

Days on Market

• Average days on market ticked higher to roughly 67 days, up slightly from last year. Northwest Ohio REALTORS® -

2. Lucas County & Toledo Area

Lucas County – Broad Trends

• According to Zillow’s home value index, Lucas County’s average home value is up ~5.4% year-over-year, with an index value near $169,370 as of Nov 30, 2025.

• Median sale prices around $165,800–$172,000 range in late 2025. Zillow+1

Toledo

• Local data sources show mixed trends:

  • One report noted Toledo median sale price slightly down (~-1.9%) to ~$132,500 year-over-year, with fewer homes sold and longer market times.

  • This could reflect variance within Toledo’s many micro-markets.

• Zillow reports the average home value around $126,352, up ~5.3% over the past year through Nov 2025. Redfin+1

3. Wood County & Bowling Green Region

Wood County

• Zillow estimates the average home value near $231,236, up ~1.8% year-over-year.

• Data suggest relatively fast pendings — median days to pending near 10 days — compared to broader regional metrics.

• Entry-level affordability in this market continues to attract consistent activity. Zillow

Bowling Green

• Within Wood County, Bowling Green values (~$253,909) are among the higher sub-market prices — maintaining strong comparative demand. Zillow

4. Local Core Communities Snapshot

While comprehensive MLS reports vary by city, local inventory and trend snapshots (from agent posts and market snapshots) suggest the following as we close out November:

(*Local snapshot estimates from agent market posts updated early December.) Facebook

For areas such as Sylvania, Rossford, Monclova, Waterville, Whitehouse, Holland, and Ottawa Hills, market dynamics mirror the broader county trends: supply remains tight, prices are trending upward on a YTD basis, and buyers are active — especially in well-located, move-in ready homes. Specific granular metrics will be available once the full localized MLS monthly report is published.

5. Market Interpretation & What This Means For You

Buyers

• Inventory levels rising modestly can offer more choices, but pricing discipline from sellers and historic inventory lows keep conditions competitive in many sub-markets.

• Slightly longer days on market suggest buyers have more negotiating room than in previous tight cycles.

Sellers

• Prices remain elevated on a YTD basis — good news for sellers evaluating long-term equity gains.

• However, slower seasonal activity and rising inventory can moderate multiple-offer scenarios during winter.

Investors

• Strong year-over-year price performance and sales volume increases through 2025 indicate sustained long-term fundamentals, especially in workforce-driven markets like Toledo and Wood County.

Sources 

• Northwest Ohio REALTORS® Lucas & Wood Counties November 2025 Housing Report (NORIS MLS data) Northwest Ohio REALTORS® -

• Zillow Home Values – Toledo, Lucas County, and Wood County (Nov 2025 data) Zillow+2Zillow+2

• Local market snapshot agent posts (inventory & days on market) Facebook

• National real estate context from recent housing sales data (for background) Barron's

Quick answers: the Northwest Ohio market

Is the Toledo housing market a buyer's or seller's market right now?
Inventory in most Toledo-area suburbs still runs below balanced levels, which keeps well-priced homes moving quickly. Conditions shift by price band and school district, so ask me for current numbers on your specific area rather than relying on a metro-wide average.

Are Northwest Ohio home prices still going up?
Prices in Perrysburg, Sylvania, and Maumee have climbed steadily for years, though the pace varies by season and price band. The luxury end moves differently than the entry level, which is why I track them separately in these market updates.

How often should I check the market if I plan to buy or sell?
Monthly is enough for most people. If you are within 90 days of a move, ask me for a parcel-level update, because metro numbers hide what your street is doing.