Boom or Bust? Spring 2025 Ohio Housing Market

As the 2025 spring housing market unfolds, Ohio presents both challenges and opportunities for those considering a career in real estate. Understanding market trends is essential for aspiring agents, as mortgage rates, home prices, and housing inventory influence buyer and seller behavior.

Ohio remains an attractive real estate market, drawing interest from both local buyers and out-of-state investors. With market conditions constantly evolving, those entering the industry must be prepared to adapt, stay informed, and develop the skills necessary to succeed.

Here’s what you need to know about what analysts are saying about the 2025 spring housing market in Ohio.

Key Takeaways

• Home Prices Vary by Market – Columbus and Cincinnati see steady growth, while Cleveland experiences the highest appreciation.
• Inventory is Rising but Still Tight – More homes are becoming available, but supply remains limited, keeping competition high in key areas.
• Mortgage Rates Impact Affordability – Rates are projected to stay in the 6-7% range, influencing buyer decisions.
• Best Markets for New Agents – The hottest neighborhoods in Columbus and expanding suburban markets in Cincinnati offer prime opportunities for new agents.

Ohio Home Prices in Spring 2025

Home prices across Ohio are expected to grow steadily in 2025, with Cleveland experiencing the most significant increase.

The current median home price in Ohio varies by city, with Cleveland leading at an 8.2% year-over-year increase, according to Zillow in February 2025. Columbus and Cincinnati also continue to show strong growth.

Here’s the average home value in Ohio’s top markets to help you anticipate home prices in Spring 2025:

Source: Zillow, February 2025

With rising prices, you might wonder if anyone is buying real estate in Ohio. Is it still worth it – to become a real estate agent? Yes! Columbus remains one of the fastest-growing cities in the Midwest, while Cincinnati’s revitalized neighborhoods attract young professionals and investors. These trends create strong opportunities for new agents to establish themselves in various market segments.

Ohio’s Inventory and Housing Supply

Recent data suggests that Ohio’s housing inventory has increased slightly compared to previous years, but demand remains strong, particularly in urban and suburban areas.

For example, in January 2025, the inventory of single-family homes in Columbus stood at a 4.5-month supply, still below the balanced market threshold of five to six months. This means that while more homes are available, competition remains high.

New construction projects, particularly in the hottest neighborhoods in Columbus, are helping to increase inventory. However, labor and material costs continue to slow development, keeping supply below pre-pandemic levels.

For real estate professionals, these trends highlight the importance of providing clients with accurate market insights and pricing strategies to navigate the evolving Ohio housing market successfully.

Mortgage Rates and Affordability: A Crucial Factor for Buyers and Agents

Mortgage rates remain a key factor influencing buyer demand. In Spring 2025, rates are projected to stabilize between 6-7%, which, while higher than pre-pandemic lows, remains manageable for many buyers.

To combat affordability challenges, buyers are exploring financing options like adjustable-rate mortgages (ARMs) and down payment assistance programs. Real estate agents who stay informed about mortgage trends and financial strategies can better assist their clients in securing the best deals.

Best Ohio Markets for New Real Estate Agents

Ohio offers a variety of markets with opportunities for both new and experienced agents. Some of the top locations include:

• Columbus – As one of the fastest-growing cities in the Midwest, Columbus is attracting both new residents and investors. The hottest neighborhoods in Columbus, such as Milo Grogan, North Linden, and Bexley, offer a mix of high-end and affordable housing options.
• Cincinnati – The city’s urban renewal projects are creating strong demand in areas like Over-the-Rhine and Walnut Hills. Those looking to explore Cincinnati markets will find opportunities in both residential and investment real estate.
• Cleveland – Experiencing the highest year-over-year price growth, Cleveland offers strong opportunities in affordable housing and investment properties.
• Dayton & Toledo – These more affordable markets attract first-time buyers, making them ideal for new agents looking to establish themselves quickly.

Spring Housing Market Predictions

The direction of the Ohio housing market for the remainder of 2025 will largely depend on economic conditions, interest rates, and local job growth. If mortgage rates decrease later in the year, demand could rise, increasing competition for buyers. If rates remain steady, market conditions may stabilize, giving buyers more negotiation power.

Regardless of short-term fluctuations, Ohio remains a strong real estate market with opportunities for growth. For those getting your license, success depends on staying informed, networking, and developing expertise in local markets.

Start Your Real Estate Career with Hondros College

If you’re considering a career in real estate, act quickly—spring and early summer are typically the busiest months for agents in Ohio.

Hondros College offers the required courses to help you become a licensed real estate agent in Ohio. With a proven track record of educating successful agents, our pre-licensing programs will prepare you for success in the dynamic Ohio real estate market.

Start your pre-licensing journey today and be ready to serve clients in this exciting 2025 spring housing market!

Disclaimer: This report is informed by a blend of trusted perspectives, including insights from seasoned real estate instructors who serve as local experts and professionals deeply embedded in the Ohio housing market. Complementing their expertise are data and trends drawn from leading real estate publications, comprehensive market analyses, and reputable industry reports. Together, these sources provide a well-rounded depiction of the Ohio real estate landscape, ensuring that buyers, investors, and professionals alike have access to actionable and reliable information.