Is North Royalton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Royalton has remained a Seller's Market.
Housing Prices in North Royalton, OH
How much do homes in North Royalton, OH cost?
Median Sold Price
$294,800
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Royalton was $294,800 in May 2024, up 3.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | $104K | +28.4% |
2 Bedrooms | $131.5K | $149K | +13.3% |
3 Bedrooms | $250K | $282K | +12.8% |
4 Bedrooms | $395K | $415.2K | +5.1% |
5+ Bedrooms | $450K | $437.5K | -2.8% |
Summary: North Royalton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
Broadview Heights | $288K | $344K | +19.4% |
Hinckley | $412.5K | $467.9K | +13.4% |
Parma | $182.1K | $200K | +9.8% |
North Royalton | $285K | $294.8K | +3.4% |
Housing Supply in North Royalton, OH
How many homes are available in North Royalton, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 95 | +10.5% |
Summary: The North Royalton real estate market had 95 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The North Royalton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in North Royalton in May 2024, up by 39.1% month-over-month. Of the 32 sold homes, 47% were sold under asking, 9% were sold at asking, and 44% were sold over asking.
Days on Market for North Royalton, OH
How long does it take to sell a home in North Royalton, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 33 Days | -35.7% |
Summary: Homes in North Royalton had an average of 33 days on market in May 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in North Royalton; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.