$200,000
1.61 Acres
Land
Michael J Stoerkel, Listing Office: EXP Realty, LLC.
Is Richfield Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Richfield Township was a Seller's Market.
Key Takeaway
Richfield Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Richfield Township, OH
How much do homes in Richfield Township, OH cost?
Median Sold Price
$597,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$121,500(+25.6%)
Key Takeaway
Homes in Richfield Township have sold for 25.6% more than they did a year ago.
Summary: The median home sold price in Richfield Township was $597,000 in September 2024, up 25.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306K | $432K | +41.2% |
| 3 Bedrooms | $324K | $285K | -12.0% |
| 4 Bedrooms | $597.8K | $700K | +17.1% |
| 5+ Bedrooms | $825K | $865.7K | +4.9% |
Summary: Richfield Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.2%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Richfield | $476K | $601K | +26.3% |
| Richfield Township | $475.5K | $597K | +25.6% |
| Boston Township | $353.3K | $440K | +24.5% |
| Bath Township | $450K | $530K | +17.8% |
| Hinckley | $475K | $479.9K | +1.0% |
Housing Supply in Richfield Township, OH
How many homes are available in Richfield Township, OH?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Richfield Township real estate market had 27 homes for sale in September 2024, a 15.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Richfield Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 1 | -90.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richfield Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Richfield Township in September 2024, down by 90.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Richfield Township, OH
How long does it take to sell a home in Richfield Township, OH?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 12 Days | -63.1% |
Summary: Homes in Richfield Township had an average of 12 days on market in Sep 2024, down by 63.1% compared to last year.
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
Key Takeaway
Many homes in Richfield Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Richfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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