Is Richland County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Richland County has remained a Seller's Market.
Housing Prices in Richland County, OH
How much do homes in Richland County, OH cost?
Median Sold Price
$215,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Richland County was $215,000 in April 2024, up 4.9% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $73K | -45.9% |
2 Bedrooms | $140K | $140.3K | 0.3% |
3 Bedrooms | $185K | $205.7K | +11.2% |
4 Bedrooms | $269.9K | $316.9K | +17.4% |
5+ Bedrooms | $411.7K | $343K | -16.7% |
Summary: Richland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Counties
Morrow County | $246.1K | $290K | +17.8% |
Crawford County | $146.5K | $160.7K | +9.7% |
Huron County | $165K | $175.3K | +6.3% |
Richland County | $204.9K | $215K | +4.9% |
Ashland County | $200K | $195K | -2.5% |
Housing Supply in Richland County, OH
How many homes are available in Richland County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 144 | +8.3% |
Summary: The Richland County real estate market had 144 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 75 | 74 | -1.3% |
4 Bedrooms | 28 | 32 | +14.3% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Richland County 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 increased by 26.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 27 | -12.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Richland County in April 2024, down by 12.9% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% were sold at asking, and 37% were sold over asking.
Days on Market for Richland County, OH
How long does it take to sell a home in Richland County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 37 Days | +20.9% |
Summary: Homes in Richland County had an average of 37 days on market in Apr 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Richland County; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.