Is Richland County, 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, Richland County has remained a Seller's Market.
Housing Prices in Richland County, OH
How much do homes in Richland County, OH cost?
Median Sold Price
$211,666
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Richland County was $211,666 in May 2024, up 5.8% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $73K | -45.9% |
2 Bedrooms | $140K | $140.7K | +0.6% |
3 Bedrooms | $179.9K | $195K | +8.3% |
4 Bedrooms | $266.4K | $310K | +16.3% |
5+ Bedrooms | $357.5K | $346.5K | -3.1% |
Summary: Richland County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Counties
Morrow County | $252K | $290.3K | +15.2% |
Crawford County | $145K | $165.5K | +14.1% |
Huron County | $165K | $176K | +6.7% |
Richland County | $200K | $211.6K | +5.8% |
Ashland County | $195K | $200K | +2.6% |
Housing Supply in Richland County, OH
How many homes are available in Richland County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 124 | +14.8% |
Summary: The Richland County real estate market had 124 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 53 | 56 | +5.7% |
4 Bedrooms | 25 | 34 | +36.0% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Richland County 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 increased by 5.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 23 | -14.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Richland County in May 2024, down by 14.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 17% were sold at asking, and 35% were sold over asking.
Days on Market for Richland County, OH
How long does it take to sell a home in Richland County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 59 Days | +263.3% |
Summary: Homes in Richland County had an average of 59 days on market in May 2024, up by 263.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Richland County; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.