Is Englewood, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Englewood, OH

How much do homes in Englewood, OH cost?

Median Sold Price

$215,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+13.2%)

Key Takeaway

Homes in Englewood have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Englewood was $215,000 in May 2024, up 13.2% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $149.9K$153.5K
+2.4%
3 $186.6K$198.5K
+6.3%
4 $240K$263K
+9.6%
5+ $252.9K$269.9K
+6.7%

Summary: Englewood 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 2.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Clayton
+14.4%
Englewood
+13.2%
Butler Township
+3.8%
Union
+0.6%
Union City Township
-0.5%

Housing Supply in Englewood, OH

How many homes are available in Englewood, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7681+6.6%

Summary: The Englewood real estate market had 81 homes for sale in May 2024, a 6.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 4548
+6.7%
4 2121
0.0%
5+ 75
-28.6%

Summary: The Englewood 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 133.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2923-20.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Englewood in May 2024, down by 20.7% month-over-month. Of the 23 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.

Days on Market for Englewood, OH

How long does it take to sell a home in Englewood, OH?

Average Sale Time

May 2023May 2024CHANGE
51 Days42 Days-16.9%

Summary: Homes in Englewood had an average of 42 days on market in May 2024, down by 16.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Englewood has remained consistent over time.

Summary: During May 2024, 23 homes were sold in Englewood; 13% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

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