Is Northfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Northfield has remained a Seller's Market.
Key Takeaway
Northfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northfield, OH
How much do homes in Northfield, OH cost?
Median Sold Price
$237,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Northfield have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Northfield was $237,500 in June 2024, down 0.5% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.4K | $125K | +15.3% |
| 2 Bedrooms | $173K | $177K | +2.3% |
| 3 Bedrooms | $238.5K | $240K | +0.6% |
| 4 Bedrooms | $330K | $387.5K | +17.4% |
| 5+ Bedrooms | $437.5K | $300K | -31.4% |
Summary: Northfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
| Sagamore Hills Township | $255K | $259.9K | +1.9% |
| Northfield | $238.7K | $237.5K | -0.5% |
| Macedonia | $318.5K | $299.2K | -6.0% |
Housing Supply in Northfield, OH
How many homes are available in Northfield, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 60 | 75 | +25.0% |
Summary: The Northfield real estate market had 75 homes for sale in June 2024, a 25.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Northfield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 | 31 | +106.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northfield, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Northfield in June 2024, up by 106.7% month-over-month. Of the 31 sold homes, 32% were sold under asking, 23% were sold at asking, and 45% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +5.7% |
Summary: Homes in Northfield had an average of 21 days on market in Jun 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northfield are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 31 homes were sold in Northfield; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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