Is Litchfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Litchfield Township was a Seller's Market.
Key Takeaway
Litchfield Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Litchfield Township, OH
How much do homes in Litchfield Township, OH cost?
Median Sold Price
$374,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Litchfield Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Litchfield Township was $374,000 in April 2024, up 10% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $417.5K | +160.9% |
| 3 Bedrooms | $345K | $377.2K | +9.3% |
| 4 Bedrooms | $330K | $352.4K | +6.8% |
| 5+ Bedrooms | $378.9K | $530.1K | +39.9% |
Summary: Litchfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 160.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Litchfield | $330K | $369.5K | +12.0% |
| Litchfield Township | $340K | $374K | +10.0% |
| York Township | $380K | $390.2K | +2.7% |
| Grafton Township | $285K | $259.6K | -8.9% |
Housing Supply in Litchfield Township, OH
How many homes are available in Litchfield Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Summary: The Litchfield Township real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Litchfield Township housing inventory by bedroom type for April 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 increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Litchfield Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Litchfield Township, OH
How long does it take to sell a home in Litchfield Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 2 Days | -94.9% |
Summary: Homes in Litchfield Township had an average of 2 days on market in Apr 2024, down by 94.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Litchfield Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Litchfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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