$2,957 Closing Credit*
$249,000
4 Beds
•2 Full Baths
Heather Baith, Listing Office: Russell Real Estate Services
Is Litchfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Litchfield was a Seller's Market.
Key Takeaway
Litchfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Litchfield, OH
How much do homes in Litchfield, OH cost?
Median Sold Price
$384,900
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$2,950(+0.8%)
Key Takeaway
Homes in Litchfield have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Litchfield was $384,900 in September 2024, up 0.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $525K | +69.4% |
| 3 Bedrooms | $439.4K | $370K | -15.8% |
| 4 Bedrooms | $342K | $398.4K | +16.5% |
| 5+ Bedrooms | $389.9K | $530.1K | +36.0% |
Summary: Litchfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 69.4%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 36%.
Median Sold Price Compared To Nearby Cities
| Litchfield Township | $374K | $384.9K | +2.9% |
| Litchfield | $381.9K | $384.9K | +0.8% |
Housing Supply in Litchfield, OH
How many homes are available in Litchfield, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Litchfield real estate market had 8 homes for sale in September 2024, a 20.0% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Litchfield housing inventory by bedroom type for September 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 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Litchfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Litchfield in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Litchfield, OH
How long does it take to sell a home in Litchfield, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 Days | +34.8% |
Summary: Homes in Litchfield had an average of 31 days on market in Sep 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Litchfield has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Litchfield; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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