Is Erie County, 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, Erie County has remained a Seller's Market.
Housing Prices in Erie County, OH
How much do homes in Erie County, OH cost?
Median Sold Price
$200,333
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Erie County was $200,333 in April 2024, up 5.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $125K | -21.9% |
2 Bedrooms | $142.1K | $150K | +5.6% |
3 Bedrooms | $184.9K | $188.5K | +2.0% |
4 Bedrooms | $260K | $285K | +9.6% |
5+ Bedrooms | $307.5K | $437.5K | +42.3% |
Summary: Erie County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 42.3%.
Median Sold Price Compared To Nearby Counties
Huron County | $165K | $175.3K | +6.3% |
Erie County | $189.9K | $200.3K | +5.5% |
Sandusky County | $150K | $155.6K | +3.8% |
Lorain County | $215.1K | $219K | +1.8% |
Housing Supply in Erie County, OH
How many homes are available in Erie County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
249 | 272 | +9.2% |
Summary: The Erie County real estate market had 272 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 58 | 60 | +3.4% |
3 Bedrooms | 116 | 126 | +8.6% |
4 Bedrooms | 57 | 58 | +1.8% |
5+ Bedrooms | 12 | 21 | +75.0% |
Summary: The Erie County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 71 | +36.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Erie County in April 2024, up by 36.5% month-over-month. Of the 71 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.
Days on Market for Erie County, OH
How long does it take to sell a home in Erie County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 40 Days | -3.7% |
Summary: Homes in Erie County had an average of 40 days on market in Apr 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 71 homes were sold in Erie County; 45% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.