Is Richland Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Richland Township was a Seller's Market.
Housing Prices in Richland Township, OH
How much do homes in Richland Township, OH cost?
Median Sold Price
$187,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Richland Township was $187,000 in May 2024, down 12.4% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $188.2K | $117K | -37.9% |
2 Bedrooms | $447K | $217.5K | -51.3% |
3 Bedrooms | $213.7K | $173K | -19.1% |
4 Bedrooms | $195K | $275K | +41.0% |
5+ Bedrooms | - | $400K | N/A |
Summary: Richland Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes decreased by 51.3%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes increased by 41%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Senecaville | $232K | $272.5K | +17.5% |
Richland Township | $213.5K | $187K | -12.4% |
Housing Supply in Richland Township, OH
How many homes are available in Richland Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Summary: The Richland Township real estate market had 16 homes for sale in May 2024, a 45.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Richland Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Richland Township, OH
How long does it take to sell a home in Richland Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
112 Days | 52 Days | -53.6% |
Summary: Homes in Richland Township had an average of 52 days on market in May 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Richland Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.