$2,968 Closing Credit*
$249,900
2,098 SqFt
4 Beds
•1 Full Bath, 1 Partial
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 November 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
$306,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,300(+6.7%)
Key Takeaway
Homes in Sylvania have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Sylvania was $306,000 in November 2024, up 6.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74.3K | $74.8K | +0.7% |
| 2 Bedrooms | $166.7K | $161K | -3.4% |
| 3 Bedrooms | $250K | $255K | +2.0% |
| 4 Bedrooms | $347K | $385K | +11.0% |
| 5+ Bedrooms | $533.7K | $548.4K | +2.8% |
Summary: Sylvania housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Sylvania | $286.7K | $306K | +6.7% |
| Sylvania Township | $280.8K | $295K | +5.1% |
Housing Supply in Sylvania, OH
How many homes are available in Sylvania, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 120 | -13.0% |
Summary: The Sylvania real estate market had 120 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 50 | 45 | -10.0% |
| 4 Bedrooms | 63 | 50 | -20.6% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Sylvania 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 26 | -42.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvania, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Sylvania in November 2024, down by 42.2% month-over-month. Of the 26 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 54 Days | +4.6% |
Summary: Homes in Sylvania had an average of 54 days on market in Nov 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylvania has remained consistent over time.
Summary: During November 2024, 26 homes were sold in Sylvania; 23% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 15% 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.