Is Englewood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Englewood has remained a Seller's Market.
Key Takeaway
Englewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Englewood, OH
How much do homes in Englewood, OH cost?
Median Sold Price
$215,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Englewood have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Englewood was $215,000 in May 2024, up 13.2% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $153.5K | +2.4% |
| 3 Bedrooms | $186.6K | $198.5K | +6.3% |
| 4 Bedrooms | $240K | $263K | +9.6% |
| 5+ Bedrooms | $252.9K | $269.9K | +6.7% |
Summary: Englewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Clayton | $209.7K | $240K | +14.4% |
| Englewood | $190K | $215K | +13.2% |
| Butler Township | $260K | $270K | +3.8% |
| Union | $185.4K | $186.5K | +0.6% |
| Union City Township | $177.4K | $176.5K | -0.5% |
Housing Supply in Englewood, OH
How many homes are available in Englewood, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 76 | 81 | +6.6% |
Summary: The Englewood real estate market had 81 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 45 | 48 | +6.7% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Englewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Englewood, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Englewood in May 2024, down by 20.7% month-over-month. Of the 23 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for Englewood, OH
How long does it take to sell a home in Englewood, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 42 Days | -16.9% |
Summary: Homes in Englewood had an average of 42 days on market in May 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Englewood has remained consistent over time.
Summary: During May 2024, 23 homes were sold in Englewood; 13% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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