Is Richfield Township, 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, Richfield Township has remained a Seller's Market.
Housing Prices in Richfield Township, OH
How much do homes in Richfield Township, OH cost?
Median Sold Price
$521,125
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Richfield Township was $521,125 in May 2024, down 6.9% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $369.5K | N/A |
3 Bedrooms | $322.5K | $280.5K | -13.0% |
4 Bedrooms | $650K | $611.5K | -5.9% |
5+ Bedrooms | $610K | $874.9K | +43.4% |
Summary: Richfield Township 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 did not change, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 43.4%.
Median Sold Price Compared To Nearby Cities
Boston Township | $351K | $420K | +19.7% |
Hinckley | $412.5K | $467.9K | +13.4% |
Bath Township | $475.2K | $489.9K | +3.1% |
Richfield Township | $560K | $521.1K | -6.9% |
Richfield | $565K | $525K | -7.1% |
Housing Supply in Richfield Township, OH
How many homes are available in Richfield Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Summary: The Richfield Township real estate market had 29 homes for sale in May 2024, a 16.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Richfield Township 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 remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Richfield Township in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Richfield Township, OH
How long does it take to sell a home in Richfield Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
81 Days | 50 Days | -38.5% |
Summary: Homes in Richfield Township had an average of 50 days on market in May 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Richfield Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.