Is Euclid, 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, 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
$135,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Euclid have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Euclid was $135,000 in May 2024, up 4.7% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $62.7K | -0.4% |
| 2 Bedrooms | $73K | $80K | +9.6% |
| 3 Bedrooms | $130K | $140K | +7.7% |
| 4 Bedrooms | $150K | $153.5K | +2.3% |
| 5+ Bedrooms | $181K | $197.5K | +9.1% |
Summary: Euclid housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Willoughby Hills | $265K | $326K | +23.0% |
| Richmond Heights | $202K | $222K | +9.9% |
| Wickliffe | $168.5K | $185K | +9.8% |
| Willowick | $175K | $183.5K | +4.9% |
| Euclid | $128.9K | $135K | +4.7% |
Housing Supply in Euclid, OH
How many homes are available in Euclid, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 209 | 204 | -2.4% |
Summary: The Euclid real estate market had 204 homes for sale in May 2024, a 2.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 39 | 37 | -5.1% |
| 3 Bedrooms | 119 | 118 | -0.8% |
| 4 Bedrooms | 44 | 42 | -4.5% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Euclid 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 decreased by 5.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 56 | -9.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Euclid, you may be able to get a good deal. 51.8% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Euclid in May 2024, down by 9.7% month-over-month. Of the 56 sold homes, 52% were sold under asking, 18% were sold at asking, and 30% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 50 Days | +64.7% |
Summary: Homes in Euclid had an average of 50 days on market in May 2024, up by 64.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Euclid are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 56 homes were sold in Euclid; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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