Is Northfield, 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, Northfield has remained a Seller's Market.
Housing Prices in Northfield, OH
How much do homes in Northfield, OH cost?
Median Sold Price
$242,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Northfield was $242,000 in March 2024, up 5.2% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112.9K | $121K | +7.2% |
2 Bedrooms | $165K | $176K | +6.7% |
3 Bedrooms | $225K | $236.3K | +5.1% |
4 Bedrooms | $333K | $395K | +18.6% |
5+ Bedrooms | $412.5K | $435K | +5.5% |
Summary: Northfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Walton Hills | $260K | $279K | +7.3% |
Northfield | $230K | $242K | +5.2% |
Sagamore Hills Township | $263K | $265K | +0.8% |
Macedonia | $300K | $299.2K | -0.3% |
Housing Supply in Northfield, OH
How many homes are available in Northfield, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 46 | -4.2% |
Summary: The Northfield real estate market had 46 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northfield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Northfield in March 2024, up by 41.7% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Northfield, OH
How long does it take to sell a home in Northfield, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 19 Days | -49.1% |
Summary: Homes in Northfield had an average of 19 days on market in Mar 2024, down by 49.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Northfield; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.