$7,232 Closing Credit*
$608,992
2,412 SqFt
2 Beds
•3 Full Baths
Ryan A Puzzitiello, Listing Office: Parkview Homes Realty, LLC.
Is Avon Lake, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Avon Lake has remained a Seller's Market.
Key Takeaway
Avon Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avon Lake, OH
How much do homes in Avon Lake, OH cost?
Median Sold Price
$390,666
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,204(+12.1%)
Key Takeaway
Homes in Avon Lake have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Avon Lake was $390,666 in November 2024, up 12.1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $84.9K | +7.5% |
| 2 Bedrooms | $240K | $275K | +14.6% |
| 3 Bedrooms | $290K | $337.5K | +16.4% |
| 4 Bedrooms | $500K | $545K | +9.0% |
| 5+ Bedrooms | $521K | $685K | +31.5% |
Summary: Avon Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Avon Lake | $348.4K | $390.6K | +12.1% |
| Bay Village | $365K | $381.1K | +4.4% |
Housing Supply in Avon Lake, OH
How many homes are available in Avon Lake, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 83 | -9.8% |
Summary: The Avon Lake real estate market had 83 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 37 | 33 | -10.8% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Avon Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avon Lake, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Avon Lake in November 2024, up by 17.4% month-over-month. Of the 27 sold homes, 59% were sold under asking, 4% were sold at asking, and 37% were sold over asking.
Days on Market for Avon Lake, OH
How long does it take to sell a home in Avon Lake, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 27 Days | -27.6% |
Summary: Homes in Avon Lake had an average of 27 days on market in Nov 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avon Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Avon Lake; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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