Wakeman Housing Market Report March 2025•Huron County, Ohio

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Housing Prices in Wakeman, OH

How much do homes in Wakeman, OH cost?

Housing Market Conditions

Is Wakeman, 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

Wakeman is a Seller's Market

Difference Since March 2024

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

Insight

Wakeman 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.
$247,000$144/SqFt
-$39,000
-13.6%

Based on all homes sold in the last 12 months

Insight

Homes in Wakeman have sold for 13.6% less than they did a year ago.

Summary: The median home sold price in Wakeman was $247,000 in March 2025, down 13.6% from last year, and the median price per square foot was $144.

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
Wakeman Township
-13.6%
Wakeman
-13.6%

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.
BedsMar 2024Mar 2025Change YoY
1--
N/A
2$225K$185K
-17.8%
3$280.5K$260K
-7.3%
4$299.5K$321.2K
+7.2%
5$403.7K$240K
-40.6%

Summary: Wakeman housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -17.8%. The home price for 3 bedroom homes decreased by -7.3%. The home price for 4 bedroom homes increased by +7.2%. The home price for 5 bedroom homes decreased by -40.6%.

How does Wakeman, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Wakeman, OH

Housing supply in Wakeman, OH

How many homes are available in Wakeman, 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
21Last MonthMar 2025
142 months agoFeb 2025
+50.0 %
Change MoMFeb – Mar

Summary: The Wakeman real estate market had 21 homes for sale in Mar 2025, a 50.0 % increase compared to Feb 2025.

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
4Last MonthMar 2025
42 months agoFeb 2025
0.0 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
203
+100.0%
31013
+30.0%
445
+25.0%
500
0.0%

Summary: Wakeman housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +30.0%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Wakeman, 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 Price1 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Wakeman, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Wakeman in March 2025, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for Wakeman, OH

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

Most homes in Wakeman are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2025, 4 homes were sold in Wakeman; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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
61 DaysThis YearMar 2025
22 Days1 year agoMar 2024
+171.1 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Wakeman had an average listing age of 61 days in Mar 2025, up by 171.1% compared to the previous year.

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Newest Listings in Wakeman, OH

What homes are available in Wakeman, OH?

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MLS Disclaimers and Copyright

Based on information from MLS Now, for the period 04/01/2023 - 04/01/2025

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2025, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.