Is Northfield, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northfield is a seller's market

Buyer's
Market

Difference Since May 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

$245,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,050(+4.3%)

Key Takeaway

Homes in Northfield have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Northfield was $245,000 in May 2024, up 4.3% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $112.9K$125K
+10.7%
2 $172K$171.5K
-0.3%
3 $230K$242K
+5.2%
4 $330K$385.5K
+16.8%
5+ $412.5K$435K
+5.5%

Summary: Northfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Sagamore Hills Township
+5.1%
Northfield
+4.3%
Walton Hills
+1.5%
Macedonia
-2.1%

Housing Supply in Northfield, OH

How many homes are available in Northfield, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4954+10.2%

Summary: The Northfield real estate market had 54 homes for sale in May 2024, a 10.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 85
-37.5%
2 1515
0.0%
3 1825
+38.9%
4 77
0.0%
5+ 12
+100.0%

Summary: The Northfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northfield, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Northfield in May 2024, down by 27.8% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% 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

May 2023May 2024CHANGE
27 Days25 Days-7.4%

Summary: Homes in Northfield had an average of 25 days on market in May 2024, down by 7.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northfield are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 13 homes were sold in Northfield; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Northfield, OH

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