$2,363 Closing Credit*
$199,000
1,842 SqFt
2 Beds
•2 Full Baths
Jesse R Kracht, Listing Office: Russell Real Estate Services
Is North Royalton, 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 Royalton has remained a Seller's Market.
Key Takeaway
North Royalton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Royalton, OH
How much do homes in North Royalton, OH cost?
Median Sold Price
$300,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+5.3%)
Key Takeaway
Homes in North Royalton have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in North Royalton was $300,000 in October 2024, up 5.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $105.5K | +24.1% |
| 2 Bedrooms | $139.5K | $155.5K | +11.5% |
| 3 Bedrooms | $260K | $300K | +15.4% |
| 4 Bedrooms | $402K | $415K | +3.2% |
| 5+ Bedrooms | $457.5K | $485K | +6.0% |
Summary: North Royalton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Parma | $190.1K | $205.1K | +7.9% |
| North Royalton | $285K | $300K | +5.3% |
| Hinckley | $478.9K | $479.9K | 0.2% |
| Broadview Heights | $326.2K | $325K | -0.4% |
Housing Supply in North Royalton, OH
How many homes are available in North Royalton, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 108 | +12.5% |
Summary: The North Royalton real estate market had 108 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 | 1 | 0 | -100.0% |
| 2 Bedrooms | 21 | 30 | +42.9% |
| 3 Bedrooms | 37 | 42 | +13.5% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The North Royalton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Royalton, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in North Royalton in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 56% were sold under asking, 16% were sold at asking, and 28% were sold over asking.
Days on Market for North Royalton, OH
How long does it take to sell a home in North Royalton, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 22 Days | -51.3% |
Summary: Homes in North Royalton had an average of 22 days on market in Oct 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Royalton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in North Royalton; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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