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Preforeclosure Homes in Elyria, OH 44039

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Elyria, OH Foreclosures

How much do homes sell for in Elyria, OH?
The average home price is currently $215,217.
In Elyria, OH, how many homes are available?
There are currently 61 active home listings available in Elyria.
What’s the average rental cost in Elyria, OH?
The average rental price in Elyria is $974.
What is the most expensive home in Elyria?
The most expensive home sold in Elyria had a price of $70,075,836.
What is currently the cheapest priced home in Elyria, OH?
The cheapest home for sale in Elyria is priced at $10,772.

Living in Elyria, OH

Elyria, a vibrant city in Lorain County, offers a charming blend of suburban life and urban amenities. Known for its strong sense of community, Elyria features beautiful parks, excellent schools, and a variety of shopping and dining options. With its rich history and diverse population, Elyria is an ideal place for families and professionals alike.

Current Market Conditions in Elyria, OH

Currently, Elyria's real estate market is showing signs of steady growth, characterized by a balanced supply and demand. Due to its affordable housing options and convenient location near Cleveland, more homebuyers are looking at Elyria as a prime investment area. Homes are typically selling at a fair pace, although inventory has been tight in certain segments of the market.

With average home prices on the rise, Elyria remains an attractive alternative for those looking to escape the higher costs of living in nearby cities. The overall market has seen a healthy increase in home values over the past few months, which is drawing attention from both first-time homebuyers and real estate investors.

Home Value Estimator For Elyria, OH

There are currently 22,938 real estate properties in Elyria, OH, with a median automated valuation model (AVM) price of $181,968.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elyria, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elyria, OH, is $215,217.00, with the most expensive house in Elyria, OH, topping out at $70,075,836.00 and the cheapest home in Elyria, OH, clocking in at $10,772.00. In other words, there’s something for every potential homebuyer or savvy investor in Elyria, OH!

Rent Prices In Elyria, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elyria, OH, is on a rollercoaster ride. The average rent price in Elyria, OH, is $974.00. Indeed, when looking to rent in Elyria, OH, you can expect to pay as little as $500.00 or as much as $2,440.00, with the average rent median estimated to be $940.00. The good news is that finding an affordable and desirable property to rent in Elyria, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Elyria, OH 44039 Preforeclosure Homes

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