Is North Royalton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, North Royalton has remained a Seller's Market.
Key Takeaway
North Royalton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Royalton, OH
How much do homes in North Royalton, OH cost?
Median Sold Price
$285,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in North Royalton have sold for 3% more than they did a year ago.
Summary: The median home sold price in North Royalton was $285,000 in November 2023, up 3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76.5K | $85K | +11.1% |
| 2 Bedrooms | $130K | $144.9K | +11.5% |
| 3 Bedrooms | $255K | $265K | +3.9% |
| 4 Bedrooms | $380K | $422.7K | +11.3% |
| 5+ Bedrooms | $479.9K | $492.5K | +2.6% |
Summary: North Royalton housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Hinckley | $410K | $494.9K | +20.7% |
| Broadview Heights | $299.4K | $326.2K | +8.9% |
| Parma | $177K | $190K | +7.4% |
| North Royalton | $276.6K | $285K | +3.0% |
Housing Supply in North Royalton, OH
How many homes are available in North Royalton, OH?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 87 | 83 | -4.6% |
Summary: The North Royalton real estate market had 83 homes for sale in November 2023, a 4.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The North Royalton housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 21 | 34 | +61.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Royalton, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in North Royalton in November 2023, up by 61.9% month-over-month. Of the 34 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% were sold over asking.
Days on Market for North Royalton, OH
How long does it take to sell a home in North Royalton, OH?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +16.6% |
Summary: Homes in North Royalton had an average of 30 days on market in Nov 2023, up by 16.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Royalton are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 34 homes were sold in North Royalton; 56% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
