$225,000
2.12 Acres
Land
William E Snow, Listing Office: Berkshire Hathaway HomeServices Stouffer Realty
Is Richfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Richfield Township was a Seller's Market.
Key Takeaway
Richfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richfield Township, OH
How much do homes in Richfield Township, OH cost?
Median Sold Price
$570,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,750(+22.0%)
Key Takeaway
Homes in Richfield Township have sold for 22% more than they did a year ago.
Summary: The median home sold price in Richfield Township was $570,000 in November 2024, up 22% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306K | $432K | +41.2% |
| 3 Bedrooms | $322.5K | $355K | +10.1% |
| 4 Bedrooms | $593.8K | $662.5K | +11.6% |
| 5+ Bedrooms | $849.9K | $785.7K | -7.5% |
Summary: Richfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Boston Township | $359.3K | $560K | +55.8% |
| Richfield | $467.2K | $583.5K | +24.9% |
| Richfield Township | $467.2K | $570K | +22.0% |
| Bath Township | $450K | $520K | +15.6% |
| Hinckley | $490K | $478.9K | -2.3% |
Housing Supply in Richfield Township, OH
How many homes are available in Richfield Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 21 | -30.0% |
Summary: The Richfield Township real estate market had 21 homes for sale in November 2024, a 30.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 6 | -45.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Richfield Township 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 remained the same, 3 bedroom homes decreased by 45.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 1 | -90.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Richfield Township in November 2024, down by 90.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Richfield Township, OH
How long does it take to sell a home in Richfield Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 121 Days | +326.1% |
Summary: Homes in Richfield Township had an average of 121 days on market in Nov 2024, up by 326.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Richfield Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Richfield Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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