Is Russell Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
At the same time last year, Russell Township was a Seller's Market.
Key Takeaway
Russell Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Russell Township, OH cost?
Median Sold Price
$405,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
Key Takeaway
Homes in Russell Township have sold for 1.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $330K | +74.6% |
| 3 Bedrooms | $304K | $325K | +6.9% |
| 4 Bedrooms | $462.5K | $481K | +4.0% |
| 5+ Bedrooms | $654.5K | $725K | +10.8% |
Median Sold Price Compared To Nearby Cities
| Chagrin Falls | $446.8K | $456K | +2.0% |
| Russell Township | $400K | $405K | +1.3% |
| Novelty | $385K | $385K | 0.0% |
| South Russell | $422.5K | $410K | -3.0% |
How many homes are available in Russell Township, OH?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 12 | 10 | -16.7% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Russell Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 51 Days | 18 Days | -65.0% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Russell Township are selling fast, if you're buying plan to act quickly.
