Is Euclid, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Euclid is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Euclid has remained a Seller's Market.

Key Takeaway

Euclid is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Euclid, OH

How much do homes in Euclid, OH cost?

Median Sold Price

$136,666

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,686(+5.1%)

Key Takeaway

Homes in Euclid have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Euclid was $136,666 in November 2024, up 5.1% from last year, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $70K$62.7K
-10.4%
2 $80K$72.2K
-9.7%
3 $134.8K$140.1K
+3.9%
4 $151.5K$160K
+5.6%
5+ $181.3K$205K
+13.0%

Summary: Euclid housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Cities

Wickliffe
+9.7%
Willowick
+8.0%
Willoughby Hills
+7.7%
Richmond Heights
+7.5%
Euclid
+5.1%

Housing Supply in Euclid, OH

How many homes are available in Euclid, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
210220+4.8%

Summary: The Euclid real estate market had 220 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 3443
+26.5%
3 116120
+3.4%
4 5351
-3.8%
5+ 54
-20.0%

Summary: The Euclid 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 increased by 26.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4549+8.9%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Euclid, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Euclid in November 2024, up by 8.9% month-over-month. Of the 49 sold homes, 57% were sold under asking, 16% were sold at asking, and 27% were sold over asking.

Days on Market for Euclid, OH

How long does it take to sell a home in Euclid, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days40 Days-14.7%

Summary: Homes in Euclid had an average of 40 days on market in Nov 2024, down by 14.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Euclid has remained consistent over time.

Summary: During November 2024, 49 homes were sold in Euclid; 43% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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