$5,166 Closing Credit*
$435,000
2,246 SqFt
3 Beds
•2 Full Baths, 1 Partial
Allison Frolo, Listing Office: Century 21 DeAnna Realty
Is North Ridgeville, 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, North Ridgeville has remained a Seller's Market.
Key Takeaway
North Ridgeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Ridgeville, OH
How much do homes in North Ridgeville, OH cost?
Median Sold Price
$328,735
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,235(+11.2%)
Key Takeaway
Homes in North Ridgeville have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in North Ridgeville was $328,735 in October 2024, up 11.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $72.7K | -23.4% |
| 2 Bedrooms | $230.7K | $272K | +17.9% |
| 3 Bedrooms | $275K | $303.2K | +10.3% |
| 4 Bedrooms | $383.5K | $389.9K | +1.7% |
| 5+ Bedrooms | $420K | $480K | +14.3% |
Summary: North Ridgeville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Olmsted Township | $226.2K | $266K | +17.6% |
| Avon | $390K | $450K | +15.4% |
| Elyria | $156K | $180K | +15.4% |
| North Ridgeville | $295.5K | $328.7K | +11.2% |
| North Olmsted | $238K | $255K | +7.1% |
Housing Supply in North Ridgeville, OH
How many homes are available in North Ridgeville, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 143 | 137 | -4.2% |
Summary: The North Ridgeville real estate market had 137 homes for sale in October 2024, a 4.2% decrease 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 | 18 | 17 | -5.6% |
| 3 Bedrooms | 77 | 69 | -10.4% |
| 4 Bedrooms | 37 | 41 | +10.8% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The North Ridgeville 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 decreased by 5.6%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridgeville, you could pay more than the asking price. 47.7% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in North Ridgeville in October 2024, up by 2.3% month-over-month. Of the 44 sold homes, 41% were sold under asking, 11% were sold at asking, and 48% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -14.7% |
Summary: Homes in North Ridgeville had an average of 25 days on market in Oct 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Ridgeville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 44 homes were sold in North Ridgeville; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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