$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 Township, 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 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
$179,950
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,740(+15.2%)
Key Takeaway
Homes in Elyria Township have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Elyria Township was $179,950 in October 2024, up 15.2% 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 | $156K | $175K | +12.1% |
| 4 Bedrooms | $196.5K | $230K | +17.0% |
| 5+ Bedrooms | $168.7K | $232.5K | +37.8% |
Summary: Elyria Township 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 12.1%, 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% |
| Lorain | $134.9K | $145K | +7.4% |
Housing Supply in Elyria Township, OH
How many homes are available in Elyria Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 225 | 229 | +1.8% |
Summary: The Elyria Township real estate market had 229 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 | 126 | 126 | 0.0% |
| 4 Bedrooms | 50 | 58 | +16.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Elyria Township 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Elyria Township, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 34 Days | +21.8% |
Summary: Homes in Elyria Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 62 homes were sold in Elyria Township; 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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