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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richfield is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Richfield was a Seller's Market.

Key Takeaway

Richfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Richfield, OH cost?

Median Sold Price

$305,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$11,000(+3.7%)

Key Takeaway

Homes in Richfield have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $85.5K-
N/A
2 -$255K
N/A
3 $250K$246.2K
-1.5%
4 $344.5K$598K
+73.6%
5+ $672.5K$960K
+42.8%

Median Sold Price Compared To Nearby Cities

Richfield Township
+16.2%
Bath Township
+4.1%
Richfield
+3.7%
Brecksville
-1.4%

How many homes are available in Richfield, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
68+33.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 24
+100.0%
4 22
0.0%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richfield, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days9 Days-50.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Richfield, OH

Number of homes for sale in Richfield, OH real estate market have reached 8. The number of listings in Richfield, OH increased by 33.3% between October 2022 and November 2022. While the average time on the market in November 2022 was 9 days, the median list price was $305,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 1.5% more cheaper, prices of 4 bedrooms properties went up by 73.6%, the cost of 5 bedrooms properties went up by 42.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes increased by 100%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. While more than 0 listings in Richfield, OH in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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