Is Russell Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Russell Township is a buyer'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

+$5,000(+1.3%)

Key Takeaway

Homes in Russell Township have sold for 1.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $189K$330K
+74.6%
3 $304K$325K
+6.9%
4 $462.5K$481K
+4.0%
5+ $654.5K$725K
+10.8%

Median Sold Price Compared To Nearby Cities

Chagrin Falls
+2.0%
Russell Township
+1.3%
Novelty
0.0%
South Russell
-3.0%

How many homes are available in Russell Township, OH?

Number of Homes For Sale

Nov 2022Dec 2022%
1210-16.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 54
-20.0%
5+ 44
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2021Dec 2022%
51 Days18 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Russell Township 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 Russell Township, OH

Russell Township, OH has 10 homes for sale to choose from. Between November 2022 and December 2022, Russell Township, OH real estate market has seen decrease in the number of listings by 16.7%. Listings spent 18 days on the market in December 2022, and had a median list price of $405,000 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 74.6%, 3 bedrooms properties prices increased by 6.9%, 4 bedrooms properties prices increased by 4%, 5 bedrooms properties became 10.8% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, 3 bedrooms homes became 33.3% less available, number of 4 bedrooms homes decreased by 20%, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in December 2022 in Russell Township, OH. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.

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