Is Rootstown Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rootstown Township has remained a Seller's Market.
Housing Prices in Rootstown Township, OH
How much do homes in Rootstown Township, OH cost?
Median Sold Price
$249,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rootstown Township was $249,500 in March 2024, down 4.2% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $44.9K | N/A |
2 Bedrooms | $197.6K | $159.2K | -19.4% |
3 Bedrooms | $243K | $246K | +1.2% |
4 Bedrooms | $303K | $276.5K | -8.7% |
5+ Bedrooms | $365K | $487K | +33.4% |
Summary: Rootstown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
Ravenna Township | $166.7K | $179.9K | +7.9% |
Rootstown Township | $260.5K | $249.5K | -4.2% |
Rootstown | $236K | $205K | -13.1% |
Edinburg Township | $350K | $217.5K | -37.9% |
Housing Supply in Rootstown Township, OH
How many homes are available in Rootstown Township, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Summary: The Rootstown Township real estate market had 20 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rootstown Township housing inventory by bedroom type for March 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 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Rootstown Township in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Rootstown Township, OH
How long does it take to sell a home in Rootstown Township, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 44 Days | +52.5% |
Summary: Homes in Rootstown Township had an average of 44 days on market in Mar 2024, up by 52.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Rootstown Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.