Elyria Housing Market Report March 2025•Lorain County, Ohio

hero building illustration for mobile

Housing Prices in Elyria, OH

How much do homes in Elyria, OH cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Elyria is a Seller's Market

Difference Since March 2024

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$188,125$124/SqFt
+$25,125
+15.4%

Based on all homes sold in the last 12 months

Insight

Homes in Elyria have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Elyria was $188,125 in March 2025, up 15.4% from last year, and the median price per square foot was $124.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Elyria Township
+15.5%
Elyria
+15.4%
Carlisle Township
+10.0%
Sheffield Township
+8.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1-$100K
N/A
2$123.2K$139.9K
+13.6%
3$160K$180K
+12.5%
4$215K$230K
+7.0%
5$218.5K$235K
+7.6%

Summary: Elyria housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +13.6%. The home price for 3 bedroom homes increased by +12.5%. The home price for 4 bedroom homes increased by +7.0%. The home price for 5 bedroom homes increased by +7.6%.

How does Elyria, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Elyria, OH

Housing supply in Elyria, OH

How many homes are available in Elyria, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
186Last MonthMar 2025
1612 months agoFeb 2025
+15.5 %
Change MoMFeb – Mar

Summary: The Elyria real estate market had 186 homes for sale in Mar 2025, a 15.5 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
59Last MonthMar 2025
412 months agoFeb 2025
+43.9 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
22735
+29.6%
391100
+9.9%
43439
+14.7%
5912
+33.3%

Summary: Elyria housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +29.6%. The inventory for 3 bedroom homes increased by +9.9%. The inventory for 4 bedroom homes increased by +14.7%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Elyria, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price24 Homes

At Asking Price13 Homes

Under Asking Price22 Homes

Insight

If you're buying a home in Elyria, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.

Summary: A total of 59 homes were sold or pending in Elyria in March 2025, up by 43.9% month-over-month. Of the 59 sold homes, 37% were sold under asking, 22% were sold at asking, and and 41% were sold over asking.

Days on Market for Elyria, OH

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

Breakdown of Home Sale Times

Under 30 Days33 Homes

30 – 90 Days15 Homes

Over 90 Days10 Homes

Insight

Many homes in Elyria are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 59 homes were sold in Elyria; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
50 DaysThis YearMar 2025
45 Days1 year agoMar 2024
+11.0 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Elyria had an average listing age of 50 days in Mar 2025, up by 11.0% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Elyria, OH

What homes are available in Elyria, OH?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Ohio

MLS Disclaimers and Copyright

Based on information from MLS Now, and Firelands MLS for the period 04/01/2023 - 04/01/2025

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 5:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Information Deemed Reliable, but Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Firelands MLS, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Firelands Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.