Is Toledo, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toledo is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Toledo was a Buyer's Market.

Key Takeaway

Toledo is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Toledo, WA

How much do homes in Toledo, WA cost?

Median Sold Price

$589,500

$290/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$189,500(+47.4%)

Key Takeaway

Homes in Toledo have sold for 47.4% more than they did a month ago.

Summary: The median home sold price in Toledo was $589,500 in May 2024, up 47.4% from last month, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $394K-
N/A
3 $400K$589.5K
+47.4%
4 -$522.5K
N/A
5+ -$2.1M
N/A

Summary: Toledo housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 47.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Toledo, WA

How many homes are available in Toledo, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4346+7.0%

Summary: The Toledo real estate market had 46 homes for sale in May 2024, a 7.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 2024
+20.0%
4 88
0.0%
5+ 45
+25.0%

Summary: The Toledo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toledo, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Toledo in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Toledo, WA

How long does it take to sell a home in Toledo, WA?

Average Sale Time

Apr 2024May 2024CHANGE
4 Days34 Days+694.5%

Summary: Homes in Toledo had an average of 34 days on market in May 2024, up by 694.5% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Toledo are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 7 homes were sold in Toledo; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Toledo, WA

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