$1,781 Closing Credit*
$150,000
1,280 SqFt
3 Beds
•1 Full Bath, 1 Partial
Melinda Chamberlin, Listing Office: Keller Williams Living
Is Richmond Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Richmond Heights has remained a Seller's Market.
Key Takeaway
Richmond Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richmond Heights, OH
How much do homes in Richmond Heights, OH cost?
Median Sold Price
$229,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+7.5%)
Key Takeaway
Homes in Richmond Heights have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Richmond Heights was $229,000 in November 2024, up 7.5% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157K | $190K | +21.0% |
| 3 Bedrooms | $195.5K | $215K | +10.0% |
| 4 Bedrooms | $271.2K | $277.5K | +2.3% |
| 5+ Bedrooms | $373.2K | $414.9K | +11.2% |
Summary: Richmond Heights 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 21%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Willoughby Hills | $298.9K | $322K | +7.7% |
| Richmond Heights | $213K | $229K | +7.5% |
| Euclid | $129.9K | $136.6K | +5.1% |
| Highland Heights | $413K | $413.7K | 0.2% |
Housing Supply in Richmond Heights, OH
How many homes are available in Richmond Heights, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The Richmond Heights real estate market had 50 homes for sale in November 2024, a 4.2% increase 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Richmond Heights 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 6.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Richmond Heights in November 2024, up by 71.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 64 Days | +84.0% |
Summary: Homes in Richmond Heights had an average of 64 days on market in Nov 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond Heights has remained consistent over time.
Summary: During November 2024, 12 homes were sold in Richmond Heights; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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