Is North Ridgeville, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Ridgeville has remained a Seller's Market.
Housing Prices in North Ridgeville, OH
How much do homes in North Ridgeville, OH cost?
Median Sold Price
$305,666
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Ridgeville was $305,666 in April 2024, up 7.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $72.7K | -23.4% |
2 Bedrooms | $222K | $264.9K | +19.3% |
3 Bedrooms | $263K | $285K | +8.4% |
4 Bedrooms | $375K | $390K | +4.0% |
5+ Bedrooms | $420K | $443.5K | +5.6% |
Summary: North Ridgeville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Elyria | $153.2K | $166.6K | +8.8% |
North Olmsted | $227.7K | $245K | +7.6% |
North Ridgeville | $284.2K | $305.6K | +7.5% |
Olmsted Township | $232.5K | $243.5K | +4.7% |
Avon | $405K | $415K | +2.5% |
Housing Supply in North Ridgeville, OH
How many homes are available in North Ridgeville, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 128 | +24.3% |
Summary: The North Ridgeville real estate market had 128 homes for sale in April 2024, a 24.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 20 | +5.3% |
3 Bedrooms | 52 | 67 | +28.8% |
4 Bedrooms | 26 | 37 | +42.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The North Ridgeville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in North Ridgeville in April 2024, up by 27.6% month-over-month. Of the 37 sold homes, 46% were sold under asking, 14% were sold at asking, and 41% were sold over asking.
Days on Market for North Ridgeville, OH
How long does it take to sell a home in North Ridgeville, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 19 Days | -50.9% |
Summary: Homes in North Ridgeville had an average of 19 days on market in Apr 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in North Ridgeville; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.