Is Richland County, 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, Richland County has remained a Seller's Market.
Housing Prices in Richland County, OH
How much do homes in Richland County, OH cost?
Median Sold Price
$214,950
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Richland County was $214,950 in March 2024, up 6.4% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $75K | -44.4% |
2 Bedrooms | $146.5K | $140K | -4.4% |
3 Bedrooms | $185K | $197.2K | +6.6% |
4 Bedrooms | $266.4K | $310K | +16.3% |
5+ Bedrooms | $379.5K | $343K | -9.6% |
Summary: Richland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Counties
Crawford County | $146.5K | $170K | +16.0% |
Morrow County | $252.7K | $290K | +14.7% |
Huron County | $165K | $179.9K | +9.1% |
Richland County | $202K | $214.9K | +6.4% |
Ashland County | $201K | $189.9K | -5.5% |
Housing Supply in Richland County, OH
How many homes are available in Richland County, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
130 | 127 | -2.3% |
Summary: The Richland County real estate market had 127 homes for sale in March 2024, a 2.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 75 | 74 | -1.3% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Richland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Richland County in March 2024, up by 27.3% month-over-month. Of the 28 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Richland County, OH
How long does it take to sell a home in Richland County, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 37 Days | -26.4% |
Summary: Homes in Richland County had an average of 37 days on market in Mar 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Richland County; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.