Is New Russia Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, New Russia Township has remained a Seller's Market.
Key Takeaway
New Russia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Russia Township, OH
How much do homes in New Russia Township, OH cost?
Median Sold Price
$375,000
$150/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in New Russia Township have sold for 316.7% more than they did a month ago.
Summary: The median home sold price in New Russia Township was $375,000 in May 2024, up 316.7% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $406K | N/A |
| 4 Bedrooms | $90K | $357.5K | +297.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Russia Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 297.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Russia Township | $90K | $375K | +316.7% |
| South Amherst | $231.5K | $170.7K | -26.3% |
Housing Supply in New Russia Township, OH
How many homes are available in New Russia Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The New Russia Township real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Russia Township housing inventory by bedroom type for May 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 150%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Russia Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in New Russia Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for New Russia Township, OH
How long does it take to sell a home in New Russia Township, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 87 Days | -19.4% |
Summary: Homes in New Russia Township had an average of 87 days on market in May 2024, down by 19.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Russia Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in New Russia Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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