Is North Royalton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, North Royalton has remained a Seller's Market.
Housing Prices in North Royalton, OH
How much do homes in North Royalton, OH cost?
Median Sold Price
$290,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in North Royalton was $290,000 in February 2024, up 1.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.5K | $90K | +11.8% |
2 Bedrooms | $131.5K | $144.9K | +10.2% |
3 Bedrooms | $255K | $280K | +9.8% |
4 Bedrooms | $390K | $420.2K | +7.7% |
5+ Bedrooms | $520K | $410K | -21.2% |
Summary: North Royalton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 21.2%.
Median Sold Price Compared To Nearby Cities
Hinckley | $415K | $467.9K | +12.7% |
Broadview Heights | $299K | $329.9K | +10.3% |
Parma | $180K | $194.2K | +7.9% |
North Royalton | $285K | $290K | +1.8% |
Housing Supply in North Royalton, OH
How many homes are available in North Royalton, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
57 | 61 | +7.0% |
Summary: The North Royalton real estate market had 61 homes for sale in February 2024, a 7.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The North Royalton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in North Royalton in February 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 100 Days | +87.2% |
Summary: Homes in North Royalton had an average of 100 days on market in Feb 2024, up by 87.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 12 homes were sold in North Royalton; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.