$3,205 Closing Credit*
$269,900
1,938 SqFt
3 Beds
•2 Full Baths, 1 Partial
Robert R Erney, Listing Office: RE Closing Professionals, LLC.
Is Richmond Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Richmond Heights was a Seller's Market.
Key Takeaway
Richmond Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richmond Heights, OH
How much do homes in Richmond Heights, OH cost?
Median Sold Price
$225,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,400(+6.3%)
Key Takeaway
Homes in Richmond Heights have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Richmond Heights was $225,500 in October 2024, up 6.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168.8K | $220K | +30.3% |
| 3 Bedrooms | $195.5K | $214K | +9.5% |
| 4 Bedrooms | $265K | $282.5K | +6.6% |
| 5+ Bedrooms | $373.2K | $414.9K | +11.2% |
Summary: Richmond Heights 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 30.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Willoughby Hills | $287K | $335K | +16.7% |
| Richmond Heights | $212.1K | $225.5K | +6.3% |
| Euclid | $130K | $135.5K | +4.3% |
| Highland Heights | $410K | $412K | 0.5% |
Housing Supply in Richmond Heights, OH
How many homes are available in Richmond Heights, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 46 | -6.1% |
Summary: The Richmond Heights real estate market had 46 homes for sale in October 2024, a 6.1% decrease 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richmond Heights 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 remained the same, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Heights, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Richmond Heights in October 2024, down by 61.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Richmond Heights, OH
How long does it take to sell a home in Richmond Heights, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 47 Days | +129.4% |
Summary: Homes in Richmond Heights had an average of 47 days on market in Oct 2024, up by 129.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond Heights has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Richmond Heights; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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