Is Richland 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, Richland Township has remained a Seller's Market.
Key Takeaway
Richland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richland Township, OH
How much do homes in Richland Township, OH cost?
Median Sold Price
$143,250
$143/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Richland Township have sold for 57.9% less than they did a month ago.
Summary: The median home sold price in Richland Township was $143,250 in May 2024, down 57.9% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $142.5K | N/A |
| 3 Bedrooms | $340K | $144K | -57.6% |
| 4 Bedrooms | $385K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Richland 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 decreased by 57.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sabina | $340K | $144K | -57.6% |
| Richland Township | $340K | $143.2K | -57.9% |
Housing Supply in Richland Township, OH
How many homes are available in Richland Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Richland Township real estate market had 7 homes for sale in May 2024, a 22.2% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richland 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 decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richland Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Richland Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Richland Township, OH
How long does it take to sell a home in Richland Township, OH?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 33 Days | -5.7% |
Summary: Homes in Richland Township had an average of 33 days on market in May 2024, down by 5.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richland Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Richland Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.