$3,443 Closing Credit*
$289,900
2,240 SqFt
2 Beds
•2 Full Baths
Listing Office: Key Realty LTD
Is Sylvania, 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, Sylvania has remained a Seller's Market.
Key Takeaway
Sylvania is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylvania, OH
How much do homes in Sylvania, OH cost?
Median Sold Price
$305,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.9%)
Key Takeaway
Homes in Sylvania have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Sylvania was $305,000 in October 2024, up 8.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74.3K | $74.8K | +0.7% |
| 2 Bedrooms | $165K | $161.2K | -2.3% |
| 3 Bedrooms | $248K | $251K | +1.2% |
| 4 Bedrooms | $345K | $380K | +10.1% |
| 5+ Bedrooms | $505K | $594.6K | +17.8% |
Summary: Sylvania housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Sylvania Township | $275K | $299.9K | +9.1% |
| Sylvania | $280K | $305K | +8.9% |
| Whiteford Township | $284.7K | $264.9K | -7.0% |
| Ottawa Lake | $276.5K | $255.8K | -7.5% |
Housing Supply in Sylvania, OH
How many homes are available in Sylvania, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 140 | +4.5% |
Summary: The Sylvania real estate market had 140 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 11 | -42.1% |
| 3 Bedrooms | 47 | 51 | +8.5% |
| 4 Bedrooms | 57 | 64 | +12.3% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Sylvania housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvania, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Sylvania in October 2024, up by 7.9% month-over-month. Of the 41 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% were sold over asking.
Days on Market for Sylvania, OH
How long does it take to sell a home in Sylvania, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 61 Days | +29.6% |
Summary: Homes in Sylvania had an average of 61 days on market in Oct 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylvania has remained consistent over time.
Summary: During October 2024, 41 homes were sold in Sylvania; 20% of homes were sold within 30 days, 68% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.