Is Avon, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Avon has remained a Seller's Market.
Key Takeaway
Avon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avon, OH
How much do homes in Avon, OH cost?
Median Sold Price
$439,950
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Avon have sold for 10% more than they did a year ago.
Summary: The median home sold price in Avon was $439,950 in May 2024, up 10% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215.5K | $278.1K | +29.0% |
| 3 Bedrooms | $343.7K | $380K | +10.5% |
| 4 Bedrooms | $450.5K | $515K | +14.3% |
| 5+ Bedrooms | $492K | $715K | +45.3% |
Summary: Avon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 45.3%.
Median Sold Price Compared To Nearby Cities
| Sheffield | $339.7K | $379.9K | +11.8% |
| Bay Village | $340K | $376.2K | +10.7% |
| Avon | $399.9K | $439.9K | +10.0% |
| Avon Lake | $334.2K | $366K | +9.5% |
| Westlake | $350K | $365K | +4.3% |
Housing Supply in Avon, OH
How many homes are available in Avon, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 63 | +3.3% |
Summary: The Avon real estate market had 63 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 30 | 25 | -16.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Avon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avon, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Avon in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Avon, OH
How long does it take to sell a home in Avon, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 11 Days | -47.6% |
Summary: Homes in Avon had an average of 11 days on market in May 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Avon; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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