Dayton Area Home Sales for October 2024

Single-family and condominium sales reported by Dayton REALTORS®’ Multiple Listing Service reached a sales volume of $347.7 million in October, an increase of 5% compared to the sales volume that occurred during the same month in 2023. Also increased in October were the average and median prices. The median price of $245,000 was 4% higher than last year and the average price of $278,667 posted an almost 5% gain over last October. The number of sales remained flat, with the 1,248 sales for the month besting October 2023’s number by 4 transactions.

Year-to-date through October, there were 12,248 sales, up 6.8% compared to the same period in 2023 when 11,460 properties closed. Total dollar volume through ten months hit $3.4 billion, a 16% bump from the same period last year.

The year-to-date average sale price and median sale price continued to rise as they have all year long. The average price totaled $278,447 – up over 9% – while the median price came in at $239,900, a gain of 6.6%.

Single-family and condominium listing entries totaled 1,573 in October, down just 1% from October 2023. This adjusted the listings through the ten-month period to 15,032, up 6.75% over the same 2023 period.

The overall MLS inventory at month’s end showed 2,169 active properties available for sale, which translated to a supply of 1.7 months based on October’s resale rate. The pace of sales was fairly even from last October, when a 1.8 month supply (2,241 listings) was available.