$2,945 Closing Credit*
$248,000
1,616 SqFt
4 Beds
•2 Full Baths, 1 Partial
#224043346, Charles Scheiderer, Listing Office: Roby Realty
Is Richwood, 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, Richwood was a Buyer's Market.
Key Takeaway
Richwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richwood, OH
How much do homes in Richwood, OH cost?
Median Sold Price
$245,950
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,950(+17.1%)
Key Takeaway
Homes in Richwood have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Richwood was $245,950 in November 2024, up 17.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $200K | +33.3% |
| 3 Bedrooms | $205K | $237.7K | +16.0% |
| 4 Bedrooms | $275K | $340K | +23.6% |
| 5+ Bedrooms | $315K | $650.5K | +106.5% |
Summary: Richwood 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 33.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 106.5%.
Median Sold Price Compared To Nearby Cities
| Richwood | $210K | $245.9K | +17.1% |
| Claibourne Township | $201.9K | $235K | +16.4% |
Housing Supply in Richwood, OH
How many homes are available in Richwood, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Richwood real estate market had 3 homes for sale in November 2024, a 25.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richwood 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Richwood in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Richwood, OH
How long does it take to sell a home in Richwood, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 160 Days | +1180.0% |
Summary: Homes in Richwood had an average of 160 days on market in Nov 2024, up by 1180% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Richwood are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Richwood; 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.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.