$3,147 Closing Credit*
$265,000
3,026 SqFt
3 Beds
•2 Full Baths, 1 Partial
Emily Duncan, Listing Office: Keller Williams Elevate
Is Elyria, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$180,006
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,958(+15.4%)
Key Takeaway
Homes in Elyria have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Elyria was $180,006 in October 2024, up 15.4% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $131K | +13.9% |
| 3 Bedrooms | $155.6K | $175K | +12.4% |
| 4 Bedrooms | $196.5K | $230K | +17.0% |
| 5+ Bedrooms | $168.7K | $232.5K | +37.8% |
Summary: Elyria housing prices by bedroom type for October 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 12.4%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Cities
| Sheffield Township | $131K | $156K | +19.1% |
| Elyria | $156K | $180K | +15.4% |
| Elyria Township | $156.2K | $179.9K | +15.2% |
| Carlisle Township | $243.5K | $270K | +10.9% |
| Sheffield | $351K | $357.5K | +1.9% |
Housing Supply in Elyria, OH
How many homes are available in Elyria, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 226 | 230 | +1.8% |
Summary: The Elyria real estate market had 230 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 38 | 34 | -10.5% |
| 3 Bedrooms | 127 | 127 | 0.0% |
| 4 Bedrooms | 50 | 58 | +16.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Elyria housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 62 | +14.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elyria, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 62 homes were sold or pending in Elyria in October 2024, up by 14.8% month-over-month. Of the 62 sold homes, 39% were sold under asking, 19% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 34 Days | +21.8% |
Summary: Homes in Elyria had an average of 34 days on market in Oct 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 62 homes were sold in Elyria; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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