$1,306 Closing Credit*
$110,000
2,268 SqFt
3 Beds
•1 Full Bath, 1 Partial
Eric T Stitt, Listing Office: HomeSmart Real Estate Momentum LLC
Is Erie County, 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, 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
$225,375
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,070(+18.4%)
Key Takeaway
Homes in Erie County have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Erie County was $225,375 in November 2024, up 18.4% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.7K | $149.9K | +24.2% |
| 2 Bedrooms | $151.7K | $185K | +21.9% |
| 3 Bedrooms | $185K | $213K | +15.1% |
| 4 Bedrooms | $265K | $300K | +13.2% |
| 5+ Bedrooms | $406K | $310K | -23.6% |
Summary: Erie County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Counties
| Erie County | $190.3K | $225.3K | +18.4% |
| Lorain County | $214K | $233.6K | +9.1% |
| Huron County | $175K | $180.7K | +3.3% |
| Sandusky County | $155.1K | $160K | +3.2% |
Housing Supply in Erie County, OH
How many homes are available in Erie County, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 308 | 305 | -1.0% |
Summary: The Erie County real estate market had 305 homes for sale in November 2024, a 1.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 55 | 51 | -7.3% |
| 3 Bedrooms | 151 | 132 | -12.6% |
| 4 Bedrooms | 80 | 93 | +16.3% |
| 5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The Erie County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.3%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 57 | -30.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 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. 54.4% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Erie County in November 2024, down by 30.5% month-over-month. Of the 57 sold homes, 54% were sold under asking, 19% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 68 Days | +72.6% |
Summary: Homes in Erie County had an average of 68 days on market in Nov 2024, up by 72.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Erie County has remained consistent over time.
Summary: During November 2024, 57 homes were sold in Erie County; 35% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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