$8,900
0.16 Acres
Land
Jeffrey S Smith, Listing Office: Berkshire Hathaway HomeServices Pro. - Sandusky
Is Erie County, 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, Erie County has remained a Seller's Market.
Key Takeaway
Erie County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Erie County, OH
How much do homes in Erie County, OH cost?
Median Sold Price
$225,091
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,328(+19.9%)
Key Takeaway
Homes in Erie County have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Erie County was $225,091 in October 2024, up 19.9% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.7K | $149.9K | +24.2% |
| 2 Bedrooms | $150K | $175K | +16.7% |
| 3 Bedrooms | $183.7K | $213K | +15.9% |
| 4 Bedrooms | $265K | $290K | +9.4% |
| 5+ Bedrooms | $406K | $345K | -15.0% |
Summary: Erie County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Counties
| Erie County | $187.7K | $225K | +19.9% |
| Huron County | $170.5K | $184.1K | +8.0% |
| Lorain County | $214.4K | $230.2K | +7.4% |
| Sandusky County | $155K | $160K | +3.2% |
Housing Supply in Erie County, OH
How many homes are available in Erie County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 291 | 315 | +8.2% |
Summary: The Erie County real estate market had 315 homes for sale in October 2024, a 8.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 46 | 55 | +19.6% |
| 3 Bedrooms | 147 | 156 | +6.1% |
| 4 Bedrooms | 76 | 82 | +7.9% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Erie County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 80 | +31.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Erie County, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in Erie County in October 2024, up by 31.1% month-over-month. Of the 80 sold homes, 43% were sold under asking, 18% were sold at asking, and 40% were sold over asking.
Days on Market for Erie County, OH
How long does it take to sell a home in Erie County, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 40 Days | -3.6% |
Summary: Homes in Erie County had an average of 40 days on market in Oct 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Erie County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 80 homes were sold in Erie County; 46% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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