Is Richwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Richwood was a Seller's Market.
Housing Prices in Richwood, OH
How much do homes in Richwood, OH cost?
Median Sold Price
$212,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Richwood was $212,500 in February 2024, up 6.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $165K | 0.0% |
3 Bedrooms | $198.2K | $210K | +5.9% |
4 Bedrooms | $275K | $310.5K | +12.9% |
5+ Bedrooms | $186K | $315K | +69.4% |
Summary: Richwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 69.4%.
Housing Supply in Richwood, OH
How many homes are available in Richwood, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Richwood real estate market had 15 homes for sale in February 2024, a 11.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Richwood in February 2024, down by 83.3% 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 Richwood, OH
How long does it take to sell a home in Richwood, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
86 Days | 82 Days | -4.7% |
Summary: Homes in Richwood had an average of 82 days on market in Feb 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Richwood; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.