Real Estate Market Update for Amherst, OH
Welcome to December's Market Update. Lets take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 29% from one year earlier, and down 14% 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 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 51%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold decreased 24% year-over-year, and decreased 43% 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.
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Map Information for Amherst, OH
Area Information for Amherst, OH
  • Population: 11,973
  • Median Age: 46.64 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,695/sq mi
  • Population Change Since 2000: .15%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Oberlin College
  • Closest Jr. College: Ohio Business College-sheffield Village
  • Median Household Income: $61,366
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $139,900
  • Closest Major Sports Team: Cleveland Browns
  • Change Avg. Household Income Since 2000: 14.98%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Amherst, OH
Median Age: 46.64 Married: 46% Number of Households: 4,757 Households with Children: 1,365
    • 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 Amherst, OH

      School Name Distance Type Grades School Rating Parent Rating
      South Amherst Middle School 1.2 mi Public 6-8 3 0
      Josiah Harris Elementary School 1.9 mi Public 1-4 4 0
      Amherst Junior High School 2.2 mi Public 6-9 5 0
      Powers Elementary School 3.0 mi Public K-2 0 0
      Marion L Steele High School 3.0 mi Public 9-12 4 3
      Walter G. Nord Middle School 3.0 mi Public 5-6 0 0
      St Joseph Elementary School 3.1 mi Catholic PRESCHOOL-8 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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Amherst, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.