$1,899 Closing Credit*
$159,900
884 SqFt
3 Beds
•1 Full Bath
Billy Swanzer, Listing Office: The Swanzer Agency
Is Erie County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$225,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,125(+20.4%)
Key Takeaway
Homes in Erie County have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Erie County was $225,000 in September 2024, up 20.4% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.7K | $110K | -8.9% |
| 2 Bedrooms | $148.5K | $175K | +17.8% |
| 3 Bedrooms | $180.3K | $210K | +16.5% |
| 4 Bedrooms | $265K | $290K | +9.4% |
| 5+ Bedrooms | $357.5K | $385K | +7.7% |
Summary: Erie County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Counties
| Erie County | $186.8K | $225K | +20.4% |
| Lorain County | $210.2K | $229.7K | +9.3% |
| Huron County | $170.2K | $185K | +8.7% |
| Sandusky County | $151.5K | $160K | +5.6% |
Housing Supply in Erie County, OH
How many homes are available in Erie County, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 290 | 285 | -1.7% |
Summary: The Erie County real estate market had 285 homes for sale in September 2024, a 1.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 47 | 45 | -4.3% |
| 3 Bedrooms | 147 | 146 | -0.7% |
| 4 Bedrooms | 75 | 75 | 0.0% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Erie County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 84 | 55 | -34.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 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. 60% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Erie County in September 2024, down by 34.5% month-over-month. Of the 55 sold homes, 60% were sold under asking, 16% were sold at asking, and 24% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 47 Days | 43 Days | -9.2% |
Summary: Homes in Erie County had an average of 43 days on market in Sep 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Erie County has remained consistent over time.
Summary: During September 2024, 55 homes were sold in Erie County; 36% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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