Comprehensive market data and analysis• Updated Dec 2025
16.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 3 | 7 | 11 |
| 1-2 acres | - | 1 | 2 | 5 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 4 | 9 | 18 |
Acreage buckets
The median price for land in Elyria, Ohio is currently $54K per acre. For a typical parcel, the median sale price is $38K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $5K while premium lots reached $104K.
Elyria, Ohio is currently a strong buyer's market with 16.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elyria, Ohio currently has 16.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 22 active listings in Elyria, Ohio. 13 new listings have hit the market in the last 90 days. The median asking price is $55K.
Over the past 12 months, Elyria, Ohio saw 18 properties sold, totaling $861K in sales volume. In just the last 3 months, 4 properties changed hands.
The current absorption rate in Elyria, Ohio is 6.1% (3-month basis), indicating slow demand. The top-performing broker in this market is Russell Real Estate Services.
Land in Elyria, Ohio typically sells within 121 days of listing. The median time on market is 112 days. Properties are moving slowly in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
