$7,422 Closing Credit*
$625,000
3,476 SqFt
5 Beds
•2 Full Baths, 1 Partial
Michelle M Mehaffey, Listing Office: RE/MAX Above & Beyond
Is Avon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Avon has remained a Seller's Market.
Key Takeaway
Avon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avon, OH
How much do homes in Avon, OH cost?
Median Sold Price
$445,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$43,800(+10.9%)
Key Takeaway
Homes in Avon have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Avon was $445,500 in December 2024, up 10.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232.4K | $286K | +23.0% |
| 3 Bedrooms | $364.9K | $362.5K | -0.7% |
| 4 Bedrooms | $485K | $535K | +10.3% |
| 5+ Bedrooms | $647.5K | $726K | +12.1% |
Summary: Avon housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Avon | $401.6K | $445.5K | +10.9% |
| Avon Lake | $350.6K | $386.3K | +10.2% |
| Bay Village | $366.3K | $400K | +9.2% |
| Westlake | $367.5K | $371.6K | +1.1% |
| Sheffield | $360K | $350K | -2.8% |
Housing Supply in Avon, OH
How many homes are available in Avon, OH?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 59 | 42 | -28.8% |
Summary: The Avon real estate market had 42 homes for sale in December 2024, a 28.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 25 | 17 | -32.0% |
| 4 Bedrooms | 22 | 13 | -40.9% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Avon housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avon, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Avon in December 2024, down by 27.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Avon, OH
How long does it take to sell a home in Avon, OH?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 22 Days | +2.2% |
Summary: Homes in Avon had an average of 22 days on market in Dec 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avon are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Avon; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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