Real Estate Market Update for Elyria, OH
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 13% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 80-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 11%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 90-thousand dollars. The number of units sold decreased 21% year-over-year, and decreased 2% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Elyria, OH
Area Information for Elyria, OH
  • Population: 55,125
  • Median Age: 38.09 yr
  • Median Commute Time: 17.26 mins
  • Educational Climate*: 4
  • Sales Tax: 6.25%
  • Population Density: 2,680/sq mi
  • Population Change Since 2000: -2.32%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Lorain County Community College
  • Closest Jr. College: Ohio Business College-sheffield Village
  • Median Household Income: $42,150
  • Annual Residential Turnover: 17.56%
  • Median Years in Residence: 3.89 yr
  • Median Home Sales Price: $60,000
  • Closest Major Sports Team: Browns
  • Change Avg. Household Income Since 2000: 8%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Elyria, OH
Median Age: 38.09 Married: 32% Number of Households: 23,024 Households with Children: 7,083
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Elyria, OH

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Elyria Christian Academy 0.9 mi Private 1-8 0 0
      First Baptist Christian School 1.2 mi Private K-12 0 5
      Franklin Elementary School 1.8 mi Public K-5 1 3
      Elyria High School 2.2 mi Public 9-12 1 3
      St Mary Elementary School 2.5 mi Catholic PRESCHOOL-8 0 4
      Prospect Elementary School 2.7 mi Public K-5 3-5 5
      Mckinley Elementary School 2.8 mi Public K-5 2-5 4
      Eastern Heights Middle School 2.9 mi Public 6-8 2 5
      Open Door Christian Schools Hi 3.0 mi Private K-12 0 0
      Open Door Christian Schools 3.0 mi Private PRESCHOOL-4 0 5
      Oakwood Elementary School 3.1 mi Public 1-5 1 5
      Elyria Community Middle School 3.4 mi Public 4-8 0 0
      Northwood Middle School 3.7 mi Public 6-8 2 4
      Elyria Catholic High School 3.8 mi Catholic 9-12 0 5
      St Jude School 4.0 mi Catholic PRESCHOOL-8 0 5
      Westwood Middle School 4.1 mi Public 6-8 2 5
      Elyria Community Elem School 4.3 mi Public K-3 0 0
      Ely Elementary School 4.5 mi Public K-5 2-5 4
      Crestwood Elementary School 4.5 mi Public K-5 2 4
      Life Skills Center Of Elyria 4.7 mi Public 9-12 0 5
      Oberlin High School 4.9 mi Public 9-12 2 3
      Windsor Elementary School 5.0 mi Public K-5 2-5 4
      Eastwood Elementary School 5.0 mi Public PRESCHOOL-2 0 5
      Langston Middle School 5.1 mi Public 6-8 2-5 4
      Prospect Elementary School 5.8 mi Public 3-5 3 5
      Lake Ridge Academy 5.9 mi Private K-12 0 5
      William R Burton 6.6 mi Public 9-12 0 3
      North Ridgeville Middle School 7.1 mi Public 6-8 3-5 3
      St Peter School 7.2 mi Catholic PRESCHOOL-8 0 4
      North Ridgeville High School 7.6 mi Public 9-12 3 3
      Wilcox Elementary School 7.6 mi Public 2-5 3-5 0
      Liberty Elementary School 8.2 mi Public 2-5 3-5 4
      Firelands High School 8.7 mi Public 9-12 3-5 5
      Firelands Elementary School 8.7 mi Public K-5 4-5 0
      Lear North Elementary School 9.0 mi Public 1-5 0 2
      North Ridgeville Education Center Elementary School 9.3 mi Public K-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Elyria, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.