The Dayton real estate market experienced significant growth in 2024, with increased sales volume, rising home prices, and strong overall demand, according to year-end data from the Dayton REALTORS® Multiple Listing Service. While December saw a slight seasonal slowdown, the overall performance points to a healthy and stable market.
In 2024, over 17,000 homes were listed, a nearly 5% increase from 2023. Sales also rose by over 5%, with 14,450 homes sold. The total value of homes sold reached over $4 billion, a substantial 14% increase compared to the previous year. Home prices also saw significant appreciation, with the median sale price increasing by almost 7% to $240,000 and the average sales price rising over 8% to $277,780. Furthermore, the sale-to-list price ratio remained strong at 100%, indicating that homes were generally selling at their asking price.
Looking at just the December figures, the Dayton real estate market saw a slight dip in activity compared to the previous year. Listings decreased by 5.74%, and sales fell by 4.92%. However, the total sales price for the month increased by 0.84%. The median sale price experienced a notable 10% increase to $240,000, while the average sales price rose by 6% to $271,248. Homes continued to sell at a high rate, with 99.1% of listed properties selling at or above their asking price.
The overall available inventory at year’s end was 1,937, which calculated to a supply of 1.8 months based on December’s pace of sales. Inventory was up from 2023 levels even while the pacing was similar, when 1,891 listings translated to a supply of 1.7 months of inventory for available listings.
DECEMBER 2024 – MLS SINGLE-FAMILY & CONDO SALES | |||
2024 | 2023 | % Change | |
Listings | 854 | 906 | -5.74% |
Solds | 1025 | 1078 | -4.92% |
Total Sale Price | $278,029,671 | $275,700,672 | 0.84% |
% Sale/List Price | 99.10 | 100.00 | -0.90% |
Median Sale Price | $240,000 | $218,000 | 10.09% |
Average Sales Price | $271,248 | $255,752 | 6.06% |
YEAR END 2024 – MLS SINGLE-FAMILY & CONDO SALES | |||
2024 | 2023 | % Change | |
Listings | 17091 | 16300 | 4.85% |
Solds | 14450 | 13724 | 5.29% |
Total Sale Price | $4,013,922,720 | $3,519,651,533 | 14.04% |
% Sale/List Price | 100 | 100 | 0.00% |
Median Sale Price | $240,000 | $225,000 | 6.67% |
Average Sales Price | $277,780 | $256,460 | 8.31% |