Is North Royalton, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Royalton is a seller's market

Buyer's
Market

Difference Since November 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

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,000(+4.9%)

Key Takeaway

Homes in North Royalton have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in North Royalton was $300,000 in November 2024, up 4.9% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85.4K$105.5K
+23.5%
2 $143K$152.7K
+6.8%
3 $263K$300K
+14.1%
4 $420.2K$410K
-2.4%
5+ $457.5K$485K
+6.0%

Summary: North Royalton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Parma
+9.2%
North Royalton
+4.9%
Broadview Heights
+4.6%
Hinckley
-2.3%

Housing Supply in North Royalton, OH

How many homes are available in North Royalton, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116102-12.1%

Summary: The North Royalton real estate market had 102 homes for sale in November 2024, a 12.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3029
-3.3%
3 4540
-11.1%
4 2925
-13.8%
5+ 128
-33.3%

Summary: The North Royalton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
30300.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Royalton, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in North Royalton in November 2024, the same as the previous month. Of the 30 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% 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

Nov 2023Nov 2024CHANGE
28 Days21 Days-24.3%

Summary: Homes in North Royalton had an average of 21 days on market in Nov 2024, down by 24.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Royalton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in North Royalton; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in North Royalton, OH

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