Is South Euclid, 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, South Euclid has remained a Seller's Market.
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 April 2023
Summary: The median home sold price in South Euclid was $164,500 in April 2024, up 1.1% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $57K | $66K | +15.8% |
2 Bedrooms | $140K | $136.7K | -2.4% |
3 Bedrooms | $159K | $165K | +3.8% |
4 Bedrooms | $194K | $175K | -9.8% |
5+ Bedrooms | $194.2K | $223K | +14.8% |
Summary: South Euclid housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Richmond Heights | $204.5K | $219.5K | +7.3% |
Beachwood | $385.5K | $410K | +6.4% |
Lyndhurst | $207.8K | $215K | +3.4% |
South Euclid | $162.7K | $164.5K | +1.1% |
Cleveland Heights | $197.9K | $199.9K | +1.0% |
Housing Supply in South Euclid, OH
How many homes are available in South Euclid, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 109 | +11.2% |
Summary: The South Euclid real estate market had 109 homes for sale in April 2024, a 11.2% 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 | 1 | 8 | +700.0% |
3 Bedrooms | 62 | 67 | +8.1% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Euclid 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 increased by 700%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in South Euclid in April 2024, up by 13.8% month-over-month. Of the 33 sold homes, 45% were sold under asking, 21% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 30 Days | -38.2% |
Summary: Homes in South Euclid had an average of 30 days on market in Apr 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in South Euclid; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.