Is New Russia Township, 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, New Russia Township has remained a Seller's Market.
Housing Prices in New Russia Township, OH
How much do homes in New Russia Township, OH cost?
Median Sold Price
$297,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Russia Township was $297,500 in April 2024, up 41.7% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $144K | $210K | +45.8% |
3 Bedrooms | $235K | $333.7K | +42.0% |
4 Bedrooms | $231.9K | $365.7K | +57.7% |
5+ Bedrooms | $186.9K | - | N/A |
Summary: New Russia 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 45.8%, 3 bedroom homes increased by 42%, 4 bedroom homes increased by 57.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
New Russia Township | $210K | $297.5K | +41.7% |
Carlisle Township | $224.4K | $256.5K | +14.3% |
Amherst Township | $242K | $265K | +9.5% |
Oberlin | $210K | $225K | +7.2% |
Housing Supply in New Russia Township, OH
How many homes are available in New Russia Township, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Summary: The New Russia Township real estate market had 5 homes for sale in April 2024, a 37.5% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Russia 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Russia Township in April 2024, down by 75.0% 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 New Russia Township, OH
How long does it take to sell a home in New Russia Township, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
5 Days | 108 Days | +2060.0% |
Summary: Homes in New Russia Township had an average of 108 days on market in Apr 2024, up by 2060% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in New Russia Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.