$2,719 Closing Credit*
$229,000
1,428 SqFt
3 Beds
•1 Full Bath
John E Lynch, Listing Office: Russell Real Estate Services
Is Richfield Township, 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, Richfield Township has remained a Seller's Market.
Key Takeaway
Richfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richfield Township, OH
How much do homes in Richfield Township, OH cost?
Median Sold Price
$570,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$111,500(+24.3%)
Key Takeaway
Homes in Richfield Township have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Richfield Township was $570,000 in October 2024, up 24.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306K | $432K | +41.2% |
| 3 Bedrooms | $305K | $327.5K | +7.4% |
| 4 Bedrooms | $597.7K | $625K | +4.6% |
| 5+ Bedrooms | $825K | $865.7K | +4.9% |
Summary: Richfield Township housing prices by bedroom type for October 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 7.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Richfield | $458.5K | $583.5K | +27.3% |
| Richfield Township | $458.5K | $570K | +24.3% |
| Bath Township | $470K | $502.4K | +6.9% |
| Hinckley | $478.9K | $479.9K | 0.2% |
Housing Supply in Richfield Township, OH
How many homes are available in Richfield Township, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Summary: The Richfield Township real estate market had 29 homes for sale in October 2024, a 3.6% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Richfield Township 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 9 | +800.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 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. 37.5% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Richfield Township in October 2024, up by 800.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 42 Days | +82.5% |
Summary: Homes in Richfield Township had an average of 42 days on market in Oct 2024, up by 82.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richfield Township has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Richfield Township; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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