$475,000
5.89 Acres
Land
Susan A Metallo, Listing Office: Berkshire Hathaway HomeServices Professional Realty
Is Russell Township, 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, Russell Township has remained a Seller's Market.
Key Takeaway
Russell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Russell Township, OH
How much do homes in Russell Township, OH cost?
Median Sold Price
$492,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,500(+15.4%)
Key Takeaway
Homes in Russell Township have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Russell Township was $492,000 in November 2024, up 15.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $850K | $302.5K | -64.4% |
| 2 Bedrooms | $240K | $195K | -18.8% |
| 3 Bedrooms | $280K | $394.5K | +40.9% |
| 4 Bedrooms | $476K | $492K | +3.4% |
| 5+ Bedrooms | $887.5K | $775.5K | -12.6% |
Summary: Russell Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.4%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Cities
| Novelty | $365K | $445K | +21.9% |
| Russell Township | $426.5K | $492K | +15.4% |
| Chagrin Falls | $500K | $549.6K | +9.9% |
Housing Supply in Russell Township, OH
How many homes are available in Russell Township, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The Russell Township real estate market had 15 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Russell Township 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 remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Russell Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Russell Township in November 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Russell Township, OH
How long does it take to sell a home in Russell Township, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 30 Days | -10.7% |
Summary: Homes in Russell Township had an average of 30 days on market in Nov 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Russell Township has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Russell Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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