Is North Ridgeville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$300,250
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Ridgeville have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in North Ridgeville was $300,250 in March 2024, up 6.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $30K | -68.4% |
| 2 Bedrooms | $222K | $252.1K | +13.6% |
| 3 Bedrooms | $264K | $278.7K | +5.6% |
| 4 Bedrooms | $369K | $388K | +5.1% |
| 5+ Bedrooms | $425K | $435K | +2.4% |
Summary: North Ridgeville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| North Olmsted | $225K | $244.2K | +8.5% |
| North Ridgeville | $281.5K | $300.2K | +6.7% |
| Elyria | $153.7K | $163.1K | +6.1% |
| Avon | $400K | $406.9K | +1.7% |
| Olmsted Township | $235.5K | $226.2K | -3.9% |
Housing Supply in North Ridgeville, OH
How many homes are available in North Ridgeville, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 100 | +2.0% |
Summary: The North Ridgeville real estate market had 100 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 49 | 51 | +4.1% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The North Ridgeville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Ridgeville, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in North Ridgeville in March 2024, down by 17.6% month-over-month. Of the 28 sold homes, 39% were sold under asking, 14% were sold at asking, and 46% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 23 Days | -41.4% |
Summary: Homes in North Ridgeville had an average of 23 days on market in Mar 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Ridgeville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in North Ridgeville; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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