Lake Township Housing Market Report January 2025•Wood County, Ohio

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Housing Prices in Lake Township, OH

How much do homes in Lake Township, OH cost?

Housing Market Conditions

Is Lake Township, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lake Township is a Seller's Market

Difference Since January 2024

Since last year, Lake Township has remained a Seller's Market.

Insight

Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$234,000$151/SqFt
+$8,000
+3.5%

Based on all homes sold in the last 12 months

Insight

Homes in Lake Township have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Lake Township was $234,000 in January 2025, up 3.5% from last year, and the median price per square foot was $151.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Millbury
+23.5%
Northwood
+11.8%
Lake Township
+3.5%
Walbridge
+1.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1-$20K
N/A
2$129.9K$174.9K
+34.6%
3$210K$235K
+11.9%
4$329.9K$260K
-21.2%
5$255K$316.2K
+24.0%

Summary: Lake Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +34.6%. The home price for 3 bedroom homes increased by +11.9%. The home price for 4 bedroom homes decreased by -21.2%. The home price for 5 bedroom homes increased by +24.0%.

Housing supply in Lake Township, OH

How many homes are available in Lake Township, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
37Last MonthJan 2025
262 months agoDec 2024
+42.3 %
Change MoMDec – Jan

Summary: The Lake Township real estate market had 37 homes for sale in Jan 2025, a 42.3 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthJan 2025
22 months agoDec 2024
+400.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
266
0.0%
31216
+33.3%
4713
+85.7%
512
+100.0%

Summary: Lake Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +85.7%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Lake Township, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Lake Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Lake Township in January 2025, up by 400.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and and 50% were sold over asking.

Days on Market for Lake Township, OH

How long does it take to sell a home in Lake Township, OH?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days7 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in Lake Township has remained consistent over time.

Summary: During January 2025, 10 homes were sold in Lake Township; 10% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
92 DaysThis YearJan 2025
80 Days1 year agoJan 2024
+14.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Lake Township had an average listing age of 92 days in Jan 2025, up by 14.3% compared to the previous year.

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Newest Listings in Lake Township, OH

What homes are available in Lake Township, OH?

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MLS Disclaimers and Copyright

Based on information from Northwest Ohio Real Estate Information Systems, for the period 02/01/2023 - 02/01/2025

IDX Copyright 2025 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.

Information deemed reliable but not guaranteed to be accurate. The broker providing these data believes them to be correct but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.