$5,094 Closing Credit*
$429,000
5 Beds
•3 Full Baths
Adam A Diaz, Listing Office: Cleveland Property Management Group, LLC.
Is Northfield, 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, Northfield has remained a Seller's Market.
Key Takeaway
Northfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northfield, OH
How much do homes in Northfield, OH cost?
Median Sold Price
$245,700
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,300(-1.7%)
Key Takeaway
Homes in Northfield have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Northfield was $245,700 in October 2024, down 1.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.4K | $125.5K | +4.2% |
| 2 Bedrooms | $174K | $202.4K | +16.3% |
| 3 Bedrooms | $230.6K | $248.5K | +7.7% |
| 4 Bedrooms | $348K | $380K | +9.2% |
| 5+ Bedrooms | $402.4K | $457.5K | +13.7% |
Summary: Northfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
| Sagamore Hills Township | $255.4K | $279.9K | +9.6% |
| Macedonia | $295K | $315K | +6.8% |
| Northfield | $250K | $245.7K | -1.7% |
Housing Supply in Northfield, OH
How many homes are available in Northfield, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 74 | +7.2% |
Summary: The Northfield real estate market had 74 homes for sale in October 2024, a 7.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Northfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northfield, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Northfield in October 2024, up by 23.8% month-over-month. Of the 26 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Northfield, OH
How long does it take to sell a home in Northfield, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +42.6% |
Summary: Homes in Northfield had an average of 21 days on market in Oct 2024, up by 42.6% compared to last year.
Breakdown of Home Sale Times
19 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 Northfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Northfield; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.