Is North Ridgeville, 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, North Ridgeville has remained a Seller's Market.
Housing Prices in North Ridgeville, OH
How much do homes in North Ridgeville, OH cost?
Median Sold Price
$315,300
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Ridgeville was $315,300 in May 2024, up 13% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $72.7K | -23.4% |
2 Bedrooms | $220K | $269.9K | +22.7% |
3 Bedrooms | $260K | $293K | +12.7% |
4 Bedrooms | $369.9K | $390K | +5.4% |
5+ Bedrooms | $420K | $452K | +7.6% |
Summary: North Ridgeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Olmsted Township | $221.5K | $262K | +18.3% |
North Ridgeville | $279K | $315.3K | +13.0% |
North Olmsted | $225.6K | $249.9K | +10.8% |
Elyria | $154.1K | $169.9K | +10.3% |
Avon | $399.9K | $439.9K | +10.0% |
Housing Supply in North Ridgeville, OH
How many homes are available in North Ridgeville, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
129 | 157 | +21.7% |
Summary: The North Ridgeville real estate market had 157 homes for sale in May 2024, a 21.7% 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 | 19 | 21 | +10.5% |
3 Bedrooms | 67 | 76 | +13.4% |
4 Bedrooms | 39 | 52 | +33.3% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The North Ridgeville 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 10.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 43 | +13.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in North Ridgeville in May 2024, up by 13.2% month-over-month. Of the 43 sold homes, 19% were sold under asking, 14% were sold at asking, and 67% were sold over asking.
Days on Market for North Ridgeville, OH
How long does it take to sell a home in North Ridgeville, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 16 Days | -37.7% |
Summary: Homes in North Ridgeville had an average of 16 days on market in May 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 43 homes were sold in North Ridgeville; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.