Is Elyria Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elyria Township has remained a Seller's Market.
Housing Prices in Elyria Township, OH
How much do homes in Elyria Township, OH cost?
Median Sold Price
$163,375
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elyria Township was $163,375 in March 2024, up 5.8% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $115K | $124K | +7.8% |
3 Bedrooms | $155.2K | $160K | +3.1% |
4 Bedrooms | $188.9K | $214K | +13.3% |
5+ Bedrooms | $163K | $207K | +27.0% |
Summary: Elyria Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 27%.
Housing Supply in Elyria Township, OH
How many homes are available in Elyria Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
194 | 186 | -4.1% |
Summary: The Elyria Township real estate market had 186 homes for sale in March 2024, a 4.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 24 | +9.1% |
3 Bedrooms | 101 | 93 | -7.9% |
4 Bedrooms | 56 | 53 | -5.4% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Elyria Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 60 | +9.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Elyria Township in March 2024, up by 9.1% month-over-month. Of the 60 sold homes, 43% were sold under asking, 12% were sold at asking, and 45% were sold over asking.
Days on Market for Elyria Township, OH
How long does it take to sell a home in Elyria Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 43 Days | -2.3% |
Summary: Homes in Elyria Township had an average of 43 days on market in Mar 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Elyria Township; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.