Is Rittman, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rittman is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Rittman, OH cost?

Median Sold Price

$143,500

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$7,500(+5.5%)

Key Takeaway

Homes in Rittman have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $100K$104K
+4.0%
3 $147.5K$150K
+1.7%
4 $195K$143K
-26.7%
5+ -$356.2K
N/A

Median Sold Price Compared To Nearby Cities

Chippewa Township
+31.9%
Wadsworth Township
+14.2%
Milton Township
+7.1%
Rittman
+5.5%

How many homes are available in Rittman, OH?

Number of Homes For Sale

Aug 2022Sep 2022%
2931+6.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 11
0.0%
2 913
+44.4%
3 1414
0.0%
4 42
-50.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
116-45.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Sep 2021Sep 2022%
18 Days23 Days+23.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Rittman, OH

Number of homes for sale in Rittman, OH real estate market have reached 31. The number of homes for sale in Rittman, OH increased by 6.9% between August 2022 and September 2022. Listings spent 23 days on the market in September 2022, and had a median list price of $143,500 during the same period. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 4%, prices of 3 bedrooms properties increased by 1.7%, the cost of 4 bedrooms properties went down by 26.7%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 44.4%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes became 50% less available, 5 bedrooms homes did not move. While more than 3 listings in Rittman, OH in September 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

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