Is Rittman, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rittman has remained a Seller's Market.
Key Takeaway
Rittman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rittman, OH
How much do homes in Rittman, OH cost?
Median Sold Price
$180,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rittman have sold for 18% more than they did a year ago.
Summary: The median home sold price in Rittman was $180,000 in April 2024, up 18% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $155K | N/A |
| 2 Bedrooms | $121K | $132K | +9.1% |
| 3 Bedrooms | $162K | $175K | +8.0% |
| 4 Bedrooms | $185K | $265K | +43.2% |
| 5+ Bedrooms | $270K | $237.5K | -12.0% |
Summary: Rittman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 43.2%, and 5+ bedroom homes decreased by 12%.
Median Sold Price Compared To Nearby Cities
| Rittman | $152.5K | $180K | +18.0% |
| Milton Township | $155K | $180K | +16.1% |
| Wadsworth Township | $254.6K | $278.9K | +9.5% |
| Chippewa Township | $250.5K | $265.5K | +6.0% |
Housing Supply in Rittman, OH
How many homes are available in Rittman, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The Rittman real estate market had 28 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 3 | +100.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rittman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rittman, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Rittman in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Rittman, OH
How long does it take to sell a home in Rittman, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 51 Days | +167.9% |
Summary: Homes in Rittman had an average of 51 days on market in Apr 2024, up by 167.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rittman are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Rittman; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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