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Featured local agent — Elmwood Place, OH
Sarah Mitchell
Compass Real Estate · Elmwood Place, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elmwood Place, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$80,000median sale price
How is the Elmwood Place, OH housing market right now?
The median home sale price in Elmwood Place, OH is $80,000, down 20.0% year-over-year. Homes sell in an average of 91 days with 8 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elmwood Place a buyer's or seller's market?
Elmwood Place, OH is currently a buyer's market, based on 4.0 months of supply and homes selling in about 91 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
91
Average pace
Active listings
8
4.0 months supply
Sale-to-list
92.0%
Below asking
What does the Elmwood Place housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $80,000 |
| Median list price | $191,070 |
| Year-over-year price change | -20.0% |
| Average days on market | 91 days |
| Active inventory | 8 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 92.0% |
| Median price per sq ft | $58/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 5 |
| Listings with a price cut | 50.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Elmwood Place by property type?
How the Elmwood Place, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $80,000 | $58/sq ft | 2 | 91 days |
Source: Redfin · Updated monthly
The Elmwood Place housing market is currently classified as a buyer's market with a median sale price of $80,000. Prices have fallen 20.0% compared to last year, with homes spending an average of 91 days on market, indicating 4.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Elmwood Place
There are currently 8 homes listed for sale in Elmwood Place, Ohio. The median listing price is $191K.
Active listings
8
Homes on market
Median list price
$191K
Avg. days on market
91
Days until sale
New this week
5
Newly listed
Who lives in Elmwood Place?
Population
2,368
Median income
$39,980/yr
Median age
30.1 years
Owner-occupied
41.2%
College grads
12.7%
Avg commute
22.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Elmwood Place?
Zillow home value
$128,902
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Elmwood Place?
Elmwood Place is a community of approximately 2K residents with a median age of 30.1 years.The median household income is $39,980, which represents a working-class community with solid middle-income opportunities. 12.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elmwood Place offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Elmwood Place, OH?
Want a head-to-head view? Compare Elmwood Place side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elmwood Place?
The median home sale price in Elmwood Place is $80,000, down 20.0% from last year.
How long do homes stay on market in Elmwood Place?
Homes typically spend 91 days on market before going under contract.
What is the median income in Elmwood Place?
The median household income is $39,980 per year.
Is Elmwood Place a buyer's or seller's market?
With 4.0 months of supply, Elmwood Place is currently a buyer's market.
What is the Zillow home value estimate for Elmwood Place?
The Zillow Home Value Index (ZHVI) for Elmwood Place is $128,902, representing the typical home value in the area.
How much does a single-family home cost in Elmwood Place?
The median single-family home price in Elmwood Place, OH is $80,000 (about $58 per square foot).
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