$1,543 Closing Credit*
$129,900
1,108 SqFt
4 Beds
•1 Full Bath, 1 Partial
Chera D Ihnat, Listing Office: HomeSmart Real Estate Momentum LLC
Is South Euclid, 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, South Euclid has remained a Seller's Market.
Key Takeaway
South Euclid is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Euclid, OH
How much do homes in South Euclid, OH cost?
Median Sold Price
$175,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,392(+7.6%)
Key Takeaway
Homes in South Euclid have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in South Euclid was $175,000 in November 2024, up 7.6% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55K | $66K | +20.0% |
| 2 Bedrooms | $137K | $130K | -5.1% |
| 3 Bedrooms | $164K | $174K | +6.1% |
| 4 Bedrooms | $179.9K | $210K | +16.7% |
| 5+ Bedrooms | $220K | $253K | +15.0% |
Summary: South Euclid housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| South Euclid | $162.6K | $175K | +7.6% |
| Richmond Heights | $213K | $229K | +7.5% |
| Cleveland Heights | $199.5K | $208.4K | +4.5% |
| Lyndhurst | $215K | $215K | 0.0% |
| Beachwood | $410K | $377K | -8.0% |
Housing Supply in South Euclid, OH
How many homes are available in South Euclid, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 125 | +1.6% |
Summary: The South Euclid real estate market had 125 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 73 | 68 | -6.8% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The South Euclid housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 24 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Euclid, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in South Euclid in November 2024, down by 27.3% month-over-month. Of the 24 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for South Euclid, OH
How long does it take to sell a home in South Euclid, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 33 Days | +15.1% |
Summary: Homes in South Euclid had an average of 33 days on market in Nov 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Euclid are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in South Euclid; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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