Dayton, Ohio Real Estate Market: November Insights & Trends

The Dayton, Ohio real estate market continues to evolve, providing unique opportunities for both home buyers and sellers. Whether you’re looking to sell your home or buy your dream property, understanding the latest trends is essential. Here’s an in-depth look at how the market performed in November 2024 and what it means for you.

Key Highlights for November 2024

Total Sales: 1,103 single-family homes and condos sold, reflecting a 7% decrease from November 2023.

Average Sale Price: Despite fewer sales, the average price rose to $277,410, a 3% increase year-over-year.

Median Sale Price: The median price climbed to $249,900, up 8% compared to last year, showing strong appreciation.

Dollar Volume: Total sales volume reached $306 million, down 4% from November 2023.

 

Inventory Challenges Continue

Active Listings: November saw 1,200 new listings, down 8% from last year.

MLS Inventory: At the end of November, there were 2,162 active properties available, equating to a 1.9-month supply. This low inventory remains a key factor in the market’s dynamics, consistent with November 2023.

 

Year-to-Date Performance: A Growing Market

When examining January through November 2024, the Dayton market demonstrated growth across key metrics:

Transactions Closed: 13,391 homes sold, a 5.8% increase compared to the same period in 2023.

Total Sales Volume: $3.7 billion in sales, representing a robust 14% increase year-over-year.

Price Appreciation:

Average Sale Price: $278,266 (up 8%).

Median Sale Price: $240,000 (up 6%).

These numbers highlight steady growth and increasing property values, making the Dayton real estate market an attractive option for both buyers and sellers.

 

What This Means for Buyers

While inventory remains tight, the rising average and median sale prices signal increasing competition. Buyers should:

Act Quickly: Homes are selling fast, so being prepared to make a strong offer is key.

Work with a Trusted Realtor: Navigating a competitive market requires expert guidance. Don and Cyndi Shurts are here to help you find the perfect home at the right price.

 

What This Means for Sellers

The Dayton market offers a prime opportunity for sellers to capitalize on rising property values. Key advantages include:

High Demand: With low inventory, sellers can often achieve offers near or above asking price.

Rising Sale Prices: The 8% increase in the median sale price underscores the potential for strong returns.

 

Why Choose Don and Cyndi Shurts?

As experienced Dayton realtors with over 20 years of expertise, Don and Cyndi specialize in helping both buyers and sellers navigate the ever-changing market. From luxury living to first-time home buying, their tailored approach ensures every client’s needs are met.

 

Stay Ahead with Miami Valley Dream Homes

For more insights and to explore available listings, visit MiamiValleyDreamHomes.com. Whether you’re buying or selling, Don and Cyndi are ready to provide personalized guidance every step of the way.

By keeping a pulse on the Dayton market, you’ll be better positioned to make informed real estate decisions. Contact us today at 937-241-2124 or 937-604-5194 to discuss your real estate goals. Let’s make your dreams a reality!