Is North Royalton, 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 Royalton has remained a Seller's Market.
Housing Prices in North Royalton, OH
How much do homes in North Royalton, OH cost?
Median Sold Price
$295,166
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Royalton was $295,166 in April 2024, up 5.5% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81K | $98.5K | +21.6% |
2 Bedrooms | $131.5K | $147K | +11.8% |
3 Bedrooms | $252.2K | $282K | +11.8% |
4 Bedrooms | $390K | $422.5K | +8.3% |
5+ Bedrooms | $485K | $405K | -16.5% |
Summary: North Royalton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
Broadview Heights | $285K | $334K | +17.2% |
Hinckley | $415K | $460K | +10.8% |
Parma | $182K | $196.9K | +8.2% |
North Royalton | $279.6K | $295.1K | +5.5% |
Housing Supply in North Royalton, OH
How many homes are available in North Royalton, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 84 | +10.5% |
Summary: The North Royalton real estate market had 84 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 22 | 19 | -13.6% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The North Royalton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 22 | -18.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in North Royalton in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for North Royalton, OH
How long does it take to sell a home in North Royalton, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -35.7% |
Summary: Homes in North Royalton had an average of 17 days on market in Apr 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in North Royalton; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.