Is New Russia Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Russia Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, New Russia Township was a Seller's Market.

Key Takeaway

New Russia Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New Russia Township, OH

How much do homes in New Russia Township, OH cost?

Median Sold Price

$270,000

$127/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$50,000(-15.6%)

Key Takeaway

Homes in New Russia Township have sold for 15.6% less than they did a month ago.

Summary: The median home sold price in New Russia Township was $270,000 in September 2024, down 15.6% from last month, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $309.7K-
N/A
3 $320K$270K
-15.6%
4 --
N/A
5+ --
N/A

Summary: New Russia Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Amherst
+18.9%
New Russia Township
-15.6%

Housing Supply in New Russia Township, OH

How many homes are available in New Russia Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
128-33.3%

Summary: The New Russia Township real estate market had 8 homes for sale in September 2024, a 33.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 74
-42.9%
4 23
+50.0%
5+ 11
0.0%

Summary: The New Russia Township 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 decreased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Russia 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 New Russia Township in September 2024, down by 80.0% 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 New Russia Township, OH

How long does it take to sell a home in New Russia Township, OH?

Average Sale Time

Aug 2024Sep 2024CHANGE
13 Days57 Days+338.5%

Summary: Homes in New Russia Township had an average of 57 days on market in Sep 2024, up by 338.5% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New Russia Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in New Russia Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in New Russia Township, OH

Nearby Markets to New Russia Township, OH

What housing markets are near New Russia Township, OH?