Ohio Homes For Sale Zillow (2024)

FAQs

Are Zillow values correct? ›

The nationwide median error rate for the Zestimate for on-market homes is 2.4%, while the Zestimate for off-market homes has a median error rate of 7.49%. The Zestimate's accuracy depends on the availability of data in a home's area.

There are currently 38,646 homes for sale in Ohio. The median list price in Ohio is $275,000 and the average price per square foot is $161.

A Zestimate's accuracy depends on the data available in the geographic area around a home. Some counties and cities have detailed public information available about a home's size, features, and age, while others do not. The more data that's available to put into that formula, the more accurate the Zestimate will be.

Applicant must meet debt to income ratios for their loan type. You meet credit score requirements: Conventional, USDA and VA Loans: 640 or higher. FHA Loans: 650 or higher.

Ohio Housing Market Conditions

The current real estate market conditions in Ohio are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.05%, marking a decline from approximately 8% in the preceding year of 2023.

The average house costs 3.99 times the annual salary within the state, which is $62,556. The average price of a house in the state is $249,900, which is 41.9% cheaper than the average cost of a home nationally, at $429,896.

Build vs. buy: It may well be cheaper to buy a house in Ohio than to build one, but it depends on everything from location to your personal preferences for fit and finish. According to the Federal Reserve Economic Data (FRED), the current median listing price to buy a home in Ohio is $164 per square foot.

Who pays closing costs in Ohio? ›

In most Ohio real estate transactions, buyers and sellers share the closing costs. But buyers cover most of them. You can negotiate with the seller for concessions.

Median Home Price

The median price of a home in Ohio as of April 2024 was $238,700, according to Redfin's monthly housing data. This is an increase of 4.7% from April 2023, accurately reflecting predictions of continually increasing housing prices in the state.

A red dot on Zillow means that the home is currently for sale (rare exception: already foreclosed homes). The home will either be accepting offers, under contract, new construction, or up for auction. Click on the listing, and the text next to the dot will indicate what the home's status is.

Click on the tile for your home to load the property page. If you have not already claimed your home on Zillow, please follow these steps. Once you have claimed your home, click on the Edit Facts icon from the Owner View of the property page. Click the check box for Hide photos displayed on your home's Zillow page.

Click on the Edit Facts icon from the Owner View of the property page. To remove a photo, click on an individual photo and click Remove Photo. Remove all your photos, then select Save Changes. Having problems getting this done at Zillow?

Factors such as algorithm changes, missing data, market shifts, or even incorrectly listed information can affect the accuracy of Zillow's estimates. Consulting a professional realtor for a comparative market analysis (CMA) is recommended to assess your home's value more accurately.

Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate. Final numbers depend significantly on the local market and demand for a property in your particular location. So, an estimate truly is a roundabout valuation.

To determine Zestimates for those seeking home value information, Zestimate studies a wealth of data points for individual homes. Zillow's unique algorithm updates its collection of property values multiple times a week, based on information from both public data, industry data, and user-submitted data.

The phrase literally means that 50% of the time the Zestimate is within 2% of actual value and 50% of the time it's not. The median accuracy rate is only within about 2% if the property being Zestimated is currently listed for sale.