$2,316 Closing Credit*
$195,000
1,786 SqFt
3 Beds
•1 Full Bath
Lisa M Swain, Listing Office: RE/MAX Edge Realty
Is Rittman, 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, Rittman has remained a Seller's Market.
Key Takeaway
Rittman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rittman, OH
How much do homes in Rittman, OH cost?
Median Sold Price
$204,900
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,400(+23.8%)
Key Takeaway
Homes in Rittman have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Rittman was $204,900 in November 2024, up 23.8% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $132.5K | $146.5K | +10.6% |
| 3 Bedrooms | $162.5K | $208.2K | +28.2% |
| 4 Bedrooms | $261.2K | $262K | 0.3% |
| 5+ Bedrooms | $280K | $185K | -33.9% |
Summary: Rittman 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 10.6%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Rittman | $165.5K | $204.9K | +23.8% |
| Milton Township | $162K | $194.1K | +19.8% |
| Chippewa Township | $242.5K | $275K | +13.4% |
| Wadsworth Township | $265.3K | $297.1K | +12.0% |
Housing Supply in Rittman, OH
How many homes are available in Rittman, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Summary: The Rittman real estate market had 30 homes for sale in November 2024, a 25.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Rittman 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 decreased by 33.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rittman, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rittman in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rittman, OH
How long does it take to sell a home in Rittman, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 45 Days | +172.0% |
Summary: Homes in Rittman had an average of 45 days on market in Nov 2024, up by 172% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rittman has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Rittman; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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