Is South Euclid, 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, South Euclid has remained a Seller's Market.
Key Takeaway
South Euclid is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Euclid, OH
How much do homes in South Euclid, OH cost?
Median Sold Price
$164,500
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Euclid have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in South Euclid was $164,500 in March 2024, up 2.8% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59K | $60.5K | +2.5% |
| 2 Bedrooms | $135.5K | $136.7K | +0.9% |
| 3 Bedrooms | $159K | $165K | +3.8% |
| 4 Bedrooms | $187.9K | $175K | -6.9% |
| 5+ Bedrooms | $192K | $220K | +14.5% |
Summary: South Euclid housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Richmond Heights | $199K | $220.9K | +11.0% |
| Beachwood | $389.5K | $413.2K | +6.1% |
| Lyndhurst | $205.9K | $215K | +4.4% |
| South Euclid | $160K | $164.5K | +2.8% |
| Cleveland Heights | $195K | $199.9K | +2.6% |
Housing Supply in South Euclid, OH
How many homes are available in South Euclid, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 98 | +27.3% |
Summary: The South Euclid real estate market had 98 homes for sale in March 2024, a 27.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 52 | 62 | +19.2% |
| 4 Bedrooms | 21 | 31 | +47.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Euclid 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 remained the same, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Euclid, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in South Euclid in March 2024, up by 13.0% month-over-month. Of the 26 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.
Days on Market for South Euclid, OH
How long does it take to sell a home in South Euclid, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 21 Days | -55.9% |
Summary: Homes in South Euclid had an average of 21 days on market in Mar 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Euclid are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in South Euclid; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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