New Listing
8
$44,900
235 Cedar Brook Dr
Elyria, OH 44035
3 bd2 ba924 sqft$49/ft²
Mobile home
Kimberley Guelker · Berkshire Hathaway HomeServices Lucien Realty
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Elyria, OH Housing Market
Seller's market+4.4% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Elyria, OH is worth $190,344, rose 4.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $217,500, +14.5% year over year (through May 2026). With 1.8 months of supply and homes going under contract in about 30 days, Elyria is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $190,344 home is about $1,016/mo in principal and interest.
Key numbers for Elyria, OH
Typical home value
$190,344
+4.4% in 12 months
Zillow, August 2026
Typical asking rent
$1,202/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$217,500
+14.5% year over year
Redfin, through May 2026
Days on market
30
Average pace
Redfin, through May 2026
Active listings
112
1.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$53,204
Home costs 3.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Elyria a buyer's or seller's market?
Seller's market1.8 months of supply30 days on market99.4% of asking
Elyria, OH is a seller's market, based on 1.8 months of supply and homes selling in about 30 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Elyria housing market data show?
Every row below is Redfin's final published month for Elyria, OH. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $217,500 |
| Median list price | $182,000 |
| Year-over-year price change | +14.5% |
| Median price per sq ft | $150/sq ft |
| Median days on market | 30 days |
| Active inventory | 112 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.4% |
| Homes sold (that month) | 62 |
| New listings (that month) | 73 |
| Listings with a price cut | 28.6% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Elyria is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Elyria is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Elyria home prices moved?
Over the last three years the median sale price in Elyria, OH rose 37.7%, from $158,000 to $217,500. The live Zillow value series has rose 4.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.6% of Elyria listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.8 months while the sale-to-list ratio slips below its current 99.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Elyria?
Priced off the typical home value of $190,344 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $38,069 | $152,276 | $1,016/mo |
| 5% | $9,517 | $180,827 | $1,207/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,016, that implies roughly $43,550 a year before you add taxes and insurance. The median household in Elyria earns $53,204, about $9,654 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.6x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Elyria in the next 12 months?
Tell us your timeline. We send the Elyria market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Elyria?
Typical asking rent in Elyria, OH is $1,202/mo, against a typical home value of $190,344. That is a price-to-rent ratio of 13.2x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,016 a month — $186 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Elyria?
Active listings in Elyria, OH went from 97 in May 2025 to 112 in May 2026, a +15.5% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 103 | 76 |
| July 2025 | 103 | 71 |
| August 2025 | 100 | 64 |
| September 2025 | 113 | 74 |
| October 2025 | 133 | 82 |
| November 2025 | 133 | 53 |
| December 2025 | 116 | 33 |
| January 2026 | 116 | 47 |
| February 2026 | 117 | 46 |
| March 2026 | 118 | 71 |
| April 2026 | 131 | 78 |
| May 2026 | 112 | 73 |
Redfin, through May 2026
How does Elyria compare to Ohio and the U.S.?
Elyria homes sell for $217,500 — 23% below the Ohio median of $282,600. Against the national median of $410,700, Elyria runs 47% lower. Year-over-year, Elyria moved +14.5% against Ohio's +5.4% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Elyria, OH | $217,500 | +14.5% | 30 days |
| Ohio statewide | $282,600 | +5.4% | 36 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Elyria
What buyers should watch
- Months of supply, currently 1.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 28.6%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $191 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $190,344 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Elyria listing goes under contract in 30 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Elyria added 73 new listings against 62 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Elyria varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Elyria
There are currently 112 homes listed for sale in Elyria, Ohio. The median listing price is $182K. Featured listings range from $44,900 to $599,900.
New Listing
12
$165,000
746 Delaware Ave
Elyria, OH 44035
3 bd1 ba1,050 sqft$157/ft²
House8,276 sqft lot
Danielle Hughes · Elite Class Realty LLC
View photos & details
New Listing
30
$169,900
508 Wood St
Elyria, OH 44035
6 bd2 ba2,440 sqft$70/ft²
Multi-family10,890 sqft lot
Traci Taylor · EXP Realty, LLC.
View photos & details
New Listing
39
$215,000
137 Lafayette St
Elyria, OH 44035
4 bd3 ba1,636 sqft$131/ft²
House6,534 sqft lot
Chad Schneider · Russell Real Estate Services
View photos & details
New Listing
46
$279,900
1023 Gulf Rd
Elyria, OH 44035
3 bd2 ba1,504 sqft$186/ft²
House20,473 sqft lot
Jessica Allgood · Keller Williams Citywide
View photos & details
New Listing
40
$279,900
110 Carrington Ct
Elyria, OH 44035
3 bd2 ba1,410 sqft$199/ft²
House1,830 sqft lot
Donald Petrasek · Howard Hanna
View photos & details
New Listing
28
$279,900
6635 Lake Ave
Elyria, OH 44035
3 bd2 ba1,591 sqft$176/ft²
House1.00 acres
Emily Gaal · Coldwell Banker Schmidt Realty
View photos & details
New Listing
45
$290,000
436 Bayberry Dr
Elyria, OH 44035
3 bd2 ba2,320 sqft$125/ft²
House8,712 sqft lot
Janet Beane · Russell Real Estate Services
View photos & details
New Listing
48
$300,000
150 Denison Ave
Elyria, OH 44035
5 bd2 ba2,068 sqft$145/ft²
House7,405 sqft lot
Jeffrey Frish · Russell Real Estate Services
View photos & details
New Listing
30
$330,000
8134 Oberlin Rd
Elyria, OH 44035
3 bd2 ba1,668 sqft$198/ft²
House1.54 acres
Andrew Notturniano · Keller Williams Capital Partners Realty, LLC
View photos & details
New Listing
45
$379,000
157 Kensington Way
Elyria, OH 44035
2 bd2 ba1,852 sqft$205/ft²
House8,538 sqft lot
Brian Salem · EXP Realty, LLC.
View photos & details
New Listing
50
$599,900
44565 Stang Rd
Elyria, OH 44035
4 bd4 ba4,864 sqft$123/ft²
House4.00 acres
Mathew Chase · Keller Williams Greater Metropolitan
View photos & details
Looking to buy in Elyria?
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Active listings
112
Homes on market
Median list price
$182K
Avg. days on market
30
Days until sale
New this week
73
Newly listed
Price drops:28.6%of listings
Sale-to-list:99.4%
How much do homes cost in Elyria by property type?
How the Elyria, OH market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $217,500 | $150/sq ft | 56 | 28 days |
| Condo / co-op | $236,250 | $154/sq ft | 4 | 90 days |
| Townhouse | $210,000 | $159/sq ft | 1 | 52 days |
Who lives in Elyria?
American Community Survey estimates for Elyria. U.S. Census ACS, 2023
Population
52,833
Households
23,016
Median income
$53,204/yr
Median age
39.6 years
Owner-occupied
60.1%
Median home value
$142,800
Median gross rent
$859/mo
Mean commute
22.5 min
60.1% of occupied homes in Elyria are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $142,800 against Zillow's $190,344 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $859/mo, below Zillow's $1,202/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Elyria?
12 schools tracked · 6,323 students
The largest public schools serving Elyria, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elyria High School
Grades 9-12 · 1,603 students
Eastern Heights Middle School
Grades 5-8 · 554 students
Eastern Heights Elementary School
Grades K-4 · 547 students
Northwood Middle School
Grades 5-8 · 545 students
Westwood Middle School
Grades 5-8 · 498 students
Westwood Elementary School
Grades K-4 · 472 students
Ely Elementary School
Grades K-4 · 465 students
Hamilton Elementary School
Grades PK-4 · 436 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elyria, OH?
Ordered by distance from Elyria, not by size. Compare Elyria side by side with any of them.
Which ZIP codes are in Elyria?
These are the ZIP codes we see on active Elyria listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Elyria housing market FAQ
Is Elyria a buyer's or seller's market?
Elyria, OH is currently a seller's market. That read comes from 1.8 months of supply, homes going under contract in about 30 days, and sellers getting 99.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Elyria?
The typical home in Elyria, OH is worth $190,344 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $217,500, about $150 per square foot.
Is Elyria cheaper than the rest of Ohio?
Elyria's median sale price of $217,500 is 23% lower than the Ohio statewide median of $282,600, and 47% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Elyria?
Homes in Elyria, OH spent a median of 30 days on market before going under contract, versus 36 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Elyria?
At the current 30-year fixed rate of 7.03%, 20% down on a $190,344 home is about $1,016 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $43,550 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $53,204.
Are home prices rising in Elyria?
The typical home value in Elyria, OH rose 4.4% over the last 12 months, from $182,272 to $190,344 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Elyria?
Elyria ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Elyria?
That depends on your timeline, not on a headline. What the data says today: Elyria, OH is a seller's market with 1.8 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 13.2x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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