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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richmond Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Richmond Township, OH

How much do homes in Richmond Township, OH cost?

Median Sold Price

$122,450

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$36,550(-23.0%)

Key Takeaway

Homes in Richmond Township have sold for 23% less than they did a year ago.

Summary: The median home sold price in Richmond Township was $122,450 in May 2024, down 23% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$29.3K
N/A
2 $95K$74.5K
-21.6%
3 $200K$250K
+25.0%
4 $160.5K$449.7K
+180.2%
5+ -$327.5K
N/A

Summary: Richmond Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 180.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Willard
+7.5%
Richmond Township
-23.0%

Housing Supply in Richmond Township, OH

How many homes are available in Richmond Township, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
660.0%

Summary: The Richmond Township real estate market had 6 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 00
0.0%
3 23
+50.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Richmond Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richmond Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Richmond Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Richmond Township, OH

How long does it take to sell a home in Richmond Township, OH?

Average Sale Time

May 2023May 2024CHANGE
35 Days27 Days-22.9%

Summary: Homes in Richmond Township had an average of 27 days on market in May 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Richmond Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 Richmond Township, OH

Nearby Markets to Richmond Township, OH

What housing markets are near Richmond Township, OH?