Is Avon Lake, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Avon Lake, OH
How much do homes in Avon Lake, OH cost?
Median Sold Price
$349,362
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Avon Lake have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Avon Lake was $349,362 in April 2024, up 5.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $80K | -39.4% |
| 2 Bedrooms | $197.5K | $254K | +28.6% |
| 3 Bedrooms | $278.4K | $315K | +13.1% |
| 4 Bedrooms | $490K | $515K | +5.1% |
| 5+ Bedrooms | $637.4K | $555K | -12.9% |
Summary: Avon Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.4%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Bay Village | $340K | $374K | +10.0% |
| Avon Lake | $331.5K | $349.3K | +5.4% |
Housing Supply in Avon Lake, OH
How many homes are available in Avon Lake, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 82 | +7.9% |
Summary: The Avon Lake real estate market had 82 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 29 | 34 | +17.2% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Avon Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avon Lake, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Avon Lake in April 2024, down by 8.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for Avon Lake, OH
How long does it take to sell a home in Avon Lake, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 46 Days | +46.9% |
Summary: Homes in Avon Lake had an average of 46 days on market in Apr 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avon Lake are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Avon Lake; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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