Is Elyria Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elyria Township is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Elyria Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Elyria Township, OH cost?

Median Sold Price

$165,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$8,750(+5.6%)

Key Takeaway

Homes in Elyria Township have sold for 5.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 --
N/A
2 $93K$202.5K
+117.7%
3 $158.7K$167.5K
+5.5%
4 $135K$160K
+18.5%
5+ $262.9K$167.1K
-36.4%

Median Sold Price Compared To Nearby Cities

Sheffield Township
+47.1%
Lorain
+14.5%
Elyria
+6.5%
Elyria Township
+5.6%

How many homes are available in Elyria Township, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
84-50.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 00
0.0%
3 84
-50.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elyria Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
44 Days3 Days-93.2%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elyria Township 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 Elyria Township, OH

Number of homes for sale in Elyria Township, OH real estate market have reached 4. In January 2023 in Elyria Township, OH there were 50% less homes for sale than in December 2022. In January 2023, listings were on the market for 3 days. During the same period, the median list price in this real estate market was $165,000. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 117.7%, prices of 3 bedrooms properties went up by 5.5%, 4 bedrooms properties became 18.5% more expensive, prices of 5 bedrooms properties went down by 36.4%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 50%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes remained the same. In January 2023, from all listings sold in Elyria Township, OH there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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