$3,390 Closing Credit*
$285,500
2,217 SqFt
3 Beds
•2 Full Baths, 1 Partial
David S Callander, Listing Office: Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Is Litchfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Litchfield has remained a Seller's Market.
Key Takeaway
Litchfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Litchfield, OH
How much do homes in Litchfield, OH cost?
Median Sold Price
$367,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$71,950(-16.4%)
Key Takeaway
Homes in Litchfield have sold for 16.4% less than they did a year ago.
Summary: The median home sold price in Litchfield was $367,500 in October 2024, down 16.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $417.5K | - | N/A |
| 3 Bedrooms | $468K | $365K | -22.0% |
| 4 Bedrooms | $374K | $398.4K | +6.5% |
| 5+ Bedrooms | - | $542.5K | N/A |
Summary: Litchfield housing prices by bedroom type for October 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 22%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Litchfield Township | $415.4K | $367.5K | -11.5% |
| Litchfield | $439.4K | $367.5K | -16.4% |
Housing Supply in Litchfield, OH
How many homes are available in Litchfield, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Litchfield real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Litchfield housing inventory by bedroom type for October 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 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Litchfield in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Litchfield, OH
How long does it take to sell a home in Litchfield, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 27 Days | -10.5% |
Summary: Homes in Litchfield had an average of 27 days on market in Oct 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Litchfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Litchfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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