Is Avon Lake, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avon Lake is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Avon Lake has remained a Seller's Market.

Key Takeaway

Avon Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Avon Lake, OH cost?

Median Sold Price

$314,083

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

-$1,416(-0.4%)

Key Takeaway

The sold price of homes in Avon Lake has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $146K$72K
-50.7%
2 $202.2K$175K
-13.5%
3 $246K$278.7K
+13.3%
4 $425K$450K
+5.9%
5+ $544.5K$627K
+15.2%

Median Sold Price Compared To Nearby Cities

Sheffield
+32.8%
Bay Village
+13.5%
Sheffield Lake
+9.7%
Avon
0.0%
Avon Lake
-0.4%

How many homes are available in Avon Lake, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
122100-18.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 2123
+9.5%
3 5037
-26.0%
4 4231
-26.2%
5+ 99
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
5233-36.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avon Lake, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
28 Days24 Days-12.1%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Avon Lake are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Avon Lake, OH

Avon Lake, OH has 100 homes for sale to choose from. Between August 2022 and September 2022, Avon Lake, OH real estate market has seen decrease in the number of listings by 18%. While the average time on the market in September 2022 was 24 days, the median list price was $314,083. This housing market listing prices have changed between August 2022 and September 2022: 1 bedroom properties prices decreased by 50.7%, 2 bedrooms properties prices decreased by 13.5%, 3 bedrooms properties became 13.3% more expensive, prices of 4 bedrooms properties increased by 5.9%, 5 bedrooms properties prices increased by 15.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory increased by 9.5%, number of 3 bedrooms homes decreased by 26%, volume of 4 bedrooms homes went down by 26.2%, number of 5 bedrooms homes remained the same. Avon Lake, OH housing market in September 2022 saw over 14 listings sold above listed price, more than 9 sold at listed price and over 10 sold below.

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