Is Richland Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Richland Township has remained a Seller's Market.

Key Takeaway

Richland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Richland Township, OH cost?

Median Sold Price

$177,500

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

-$27,500(-13.4%)

Key Takeaway

Homes in Richland Township have sold for 13.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $105K$188.2K
+79.3%
2 $112.5K$263.5K
+134.2%
3 $192.4K$175K
-9.0%
4 $339K$232K
-31.6%
5+ $1.0M-
N/A

How many homes are available in Richland Township, OH?

Number of Homes For Sale

Dec 2022Jan 2023%
770.0%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 22
0.0%
2 11
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
100 Days242 Days+140.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Richland Township are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Richland Township, OH

Richland Township, OH has 7 homes for sale to choose from. While the average time on the market in January 2023 was 242 days, the median list price was $177,500. Real estate listing prices changed between December 2022 and January 2023: prices of 1 bedroom properties went up by 79.3%, the cost of 2 bedrooms properties went up by 134.2%, 3 bedrooms properties prices decreased by 9%, prices of 4 bedrooms properties decreased by 31.6%, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, number of 3 bedrooms homes remained the same, 4 bedrooms homes did not move, 5 bedrooms homes did not move. Richland Township, OH housing market in January 2023 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.