$2,434 Closing Credit*
$205,000
1,496 SqFt
4 Beds
•1 Full Bath, 1 Partial
Marcella Musat, Listing Office: Russell Real Estate Services
Is North Ridgeville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, North Ridgeville has remained a Seller's Market.
Key Takeaway
North Ridgeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Ridgeville, OH
How much do homes in North Ridgeville, OH cost?
Median Sold Price
$328,735
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,785(+13.4%)
Key Takeaway
Homes in North Ridgeville have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in North Ridgeville was $328,735 in September 2024, up 13.4% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $72.7K | -23.4% |
| 2 Bedrooms | $222K | $270K | +21.6% |
| 3 Bedrooms | $270.4K | $305K | +12.8% |
| 4 Bedrooms | $378K | $392.5K | +3.8% |
| 5+ Bedrooms | $408.7K | $479K | +17.2% |
Summary: North Ridgeville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Elyria | $153.8K | $176.3K | +14.6% |
| North Ridgeville | $289.9K | $328.7K | +13.4% |
| Avon | $394.9K | $440.9K | +11.6% |
| Olmsted Township | $235K | $259.9K | +10.6% |
| North Olmsted | $235.1K | $251.5K | +6.9% |
Housing Supply in North Ridgeville, OH
How many homes are available in North Ridgeville, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 147 | 135 | -8.2% |
Summary: The North Ridgeville real estate market had 135 homes for sale in September 2024, a 8.2% 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 | 19 | 15 | -21.1% |
| 3 Bedrooms | 80 | 73 | -8.8% |
| 4 Bedrooms | 40 | 37 | -7.5% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The North Ridgeville 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 21.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridgeville, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in North Ridgeville in September 2024, down by 17.4% month-over-month. Of the 38 sold homes, 47% were sold under asking, 8% were sold at asking, and 45% were sold over asking.
Days on Market for North Ridgeville, OH
How long does it take to sell a home in North Ridgeville, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 70 Days | +245.0% |
Summary: Homes in North Ridgeville had an average of 70 days on market in Sep 2024, up by 245% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Ridgeville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 38 homes were sold in North Ridgeville; 58% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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