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.
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
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
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
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.