TOLEDO — Northwest Ohio’s housing market is becoming more balanced, but it is not one market at all, according to a new market report released Monday, Oct. 12, analyzing September sales data from the Northwest Ohio Real Estate Information System.
The region held 3.0 months of housing inventory in September, more than a year ago but still a relatively limited supply. The balance looks very different by county: available inventory in Lucas County rose 10.1% in the third quarter from a year earlier, while Wood County’s inventory fell 15.0%.
Prices continued to climb in Toledo even as fewer homes sold. September’s median single-family sale price in Toledo was $162,000, up 14.1% from September 2025, even though closed sales declined 11.2%. For the full third quarter, the median price rose just 0.6% in Lucas County, compared with a 10.1% increase in Wood County.
The report notes that a higher median price does not mean every home gained the same value, since the mix of homes that sell in a given month can move the median on its own.
Higher-priced homes showed surprising strength. Pending sales for homes priced at $219,000 and above increased 5.5% over the 12 months ending in September 2026, while each of the three lower price categories saw pending sales decline.
The takeaway for buyers and sellers is local: someone shopping in Toledo may face a different negotiating environment than a buyer in Perrysburg or elsewhere in Wood County, even though the two markets sit minutes apart.
