$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 Township, 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 Township has remained a Seller's Market.
Key Takeaway
Elyria Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elyria Township, OH
How much do homes in Elyria Township, OH cost?
Median Sold Price
$179,283
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,363(+12.1%)
Key Takeaway
Homes in Elyria Township have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Elyria Township was $179,283 in November 2024, up 12.1% 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 Township 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%.
Housing Supply in Elyria Township, OH
How many homes are available in Elyria Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 231 | 197 | -14.7% |
Summary: The Elyria Township real estate market had 197 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 | 126 | 100 | -20.6% |
| 4 Bedrooms | 58 | 47 | -19.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Elyria Township 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 20.6%, 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Elyria Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 35 Days | -6.4% |
Summary: Homes in Elyria Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 56 homes were sold in Elyria Township; 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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