Is Elmore, OH 43416 a buyer’s or seller’s market?
Elmore is a seller’s market. With about 1.9 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Elmore housing market right now
In the three months ending August 31, 2026, 40% of homes in Elmore, OH 43416 sold above their list price, the typical home went under contract in 38 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (57 days then) and the median sale price fell 10% to $217,406. Overall, Elmore is more competitive than a year ago, so tougher for buyers.
Within Ottawa County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 63%.
Nearby, buyers who want less competition could look at Put In Bay 43456 (0% sold over asking) or Middle Bass 43446 (0% sold over asking), while Graytown 43432 (100% sold over asking) and Martin 43445 (50% sold over asking) are even more competitive.
Run the numbers for 43416
Nearby markets
Clay Center 43408 — /sq ftGenoa 43430Seller’s market $138 /sq ftGraytown 43432Buyer’s market $249 /sq ftLakeside Marblehead 43440Balanced $317 /sq ft Browse all markets →Towns like Elmore nearby
Find towns like Elmore in other states →Where Elmore is
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Questions about Elmore real estate
Is Elmore a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Elmore, OH 43416 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Elmore?
The typical home went under contract in 38 days in the latest three months.
Do homes in Elmore sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Elmore?
About 1.08% of a home’s value a year in Ottawa County, or roughly $4,320 on a $400,000 home.
What is the median home price in Elmore?
The median sale price was $217,406 in the three months ending August 31, 2026, about $158 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology