$2,007 Closing Credit*
$169,000
3 Beds
•1 Full Bath, 1 Partial
Tracy Jones, Listing Office: Keller Williams Elevate
Is Rittman, 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, 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
$202,950
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,950(+30.9%)
Key Takeaway
Homes in Rittman have sold for 30.9% more than they did a year ago.
Summary: The median home sold price in Rittman was $202,950 in October 2024, up 30.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | - | N/A |
| 2 Bedrooms | $108K | $146.5K | +35.6% |
| 3 Bedrooms | $155K | $205K | +32.3% |
| 4 Bedrooms | $236.3K | $262K | +10.8% |
| 5+ Bedrooms | $280K | $185K | -33.9% |
Summary: Rittman 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 35.6%, 3 bedroom homes increased by 32.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Rittman | $155K | $202.9K | +30.9% |
| Milton Township | $155K | $200K | +29.0% |
| Chippewa Township | $245K | $275K | +12.2% |
| Wadsworth Township | $266.7K | $294K | +10.2% |
Housing Supply in Rittman, OH
How many homes are available in Rittman, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Rittman real estate market had 27 homes for sale in October 2024, a 28.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Rittman 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 increased by 200%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rittman, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Rittman in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -15.3% |
Summary: Homes in Rittman had an average of 21 days on market in Oct 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rittman are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Rittman; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.