$1,483 Closing Credit*
$124,900
2,169 SqFt
3 Beds
•1 Full Bath
Diane L Hogrefe, Listing Office: Russell Real Estate Services
Is Elyria, 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, Elyria has remained a Seller's Market.
Key Takeaway
Elyria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elyria, OH
How much do homes in Elyria, OH cost?
Median Sold Price
$179,381
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,766(+12.4%)
Key Takeaway
Homes in Elyria have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Elyria was $179,381 in November 2024, up 12.4% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $131K | +13.9% |
| 3 Bedrooms | $159.9K | $175.2K | +9.6% |
| 4 Bedrooms | $196.5K | $230K | +17.0% |
| 5+ Bedrooms | $168.7K | $250K | +48.1% |
Summary: Elyria housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 48.1%.
Median Sold Price Compared To Nearby Cities
| Elyria | $159.6K | $179.3K | +12.4% |
| Elyria Township | $159.9K | $179.2K | +12.1% |
| Carlisle Township | $250K | $270K | +8.0% |
| Sheffield | $345K | $357.5K | +3.6% |
Housing Supply in Elyria, OH
How many homes are available in Elyria, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 232 | 198 | -14.7% |
Summary: The Elyria real estate market had 198 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 37 | 38 | +2.7% |
| 3 Bedrooms | 127 | 101 | -20.5% |
| 4 Bedrooms | 58 | 47 | -19.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Elyria housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 56 | -15.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elyria, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Elyria in November 2024, down by 15.2% month-over-month. Of the 56 sold homes, 45% were sold under asking, 16% were sold at asking, and 39% were sold over asking.
Days on Market for Elyria, OH
How long does it take to sell a home in Elyria, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -6.4% |
Summary: Homes in Elyria had an average of 35 days on market in Nov 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elyria are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 56 homes were sold in Elyria; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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