Is South Euclid, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Euclid has remained a Seller's Market.
Housing Prices in South Euclid, OH
How much do homes in South Euclid, OH cost?
Median Sold Price
$168,400
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Euclid was $168,400 in May 2024, up 3.7% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59K | $66K | +11.9% |
2 Bedrooms | $140K | $136.8K | -2.3% |
3 Bedrooms | $158.5K | $167.5K | +5.7% |
4 Bedrooms | $194K | $179.9K | -7.2% |
5+ Bedrooms | $194.2K | $234K | +20.5% |
Summary: South Euclid housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 20.5%.
Median Sold Price Compared To Nearby Cities
Richmond Heights | $202K | $222K | +9.9% |
South Euclid | $162.3K | $168.4K | +3.7% |
Lyndhurst | $207.8K | $215K | +3.4% |
Cleveland Heights | $196K | $199.9K | +2.0% |
Beachwood | $405K | $395K | -2.5% |
Housing Supply in South Euclid, OH
How many homes are available in South Euclid, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 118 | +7.3% |
Summary: The South Euclid real estate market had 118 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 67 | 70 | +4.5% |
4 Bedrooms | 31 | 28 | -9.7% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The South Euclid housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in South Euclid in May 2024, up by 32.4% month-over-month. Of the 45 sold homes, 29% were sold under asking, 11% were sold at asking, and 60% were sold over asking.
Days on Market for South Euclid, OH
How long does it take to sell a home in South Euclid, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 24 Days | -20.9% |
Summary: Homes in South Euclid had an average of 24 days on market in May 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in South Euclid; 69% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.