Is Sylvania, 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, Sylvania has remained a Seller's Market.
Key Takeaway
Sylvania is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sylvania, OH
How much do homes in Sylvania, OH cost?
Median Sold Price
$291,194
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sylvania have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Sylvania was $291,194 in April 2024, up 16.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.7K | $92.5K | -10.8% |
| 2 Bedrooms | $138.9K | $166.7K | +20.0% |
| 3 Bedrooms | $220K | $250K | +13.6% |
| 4 Bedrooms | $300K | $364.8K | +21.6% |
| 5+ Bedrooms | $327.7K | $548.4K | +67.4% |
Summary: Sylvania housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 67.4%.
Median Sold Price Compared To Nearby Cities
| Sylvania | $249.9K | $291.1K | +16.5% |
| Sylvania Township | $275K | $281.3K | +2.3% |
| Whiteford Township | $276K | $267.5K | -3.1% |
| Ottawa Lake | $274.5K | $260K | -5.3% |
Housing Supply in Sylvania, OH
How many homes are available in Sylvania, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 101 | +4.1% |
Summary: The Sylvania real estate market had 101 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 10 | -41.2% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 42 | 53 | +26.2% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Sylvania housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 41.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvania, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Sylvania in April 2024, the same as the previous month. Of the 31 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% were sold over asking.
Days on Market for Sylvania, OH
How long does it take to sell a home in Sylvania, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 55 Days | +7.8% |
Summary: Homes in Sylvania had an average of 55 days on market in Apr 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sylvania has remained consistent over time.
Summary: During April 2024, 32 homes were sold in Sylvania; 28% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.