Is Richmond Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Richmond Township has remained a Neutral Market.
Key Takeaway
Richmond Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Richmond Township, OH
How much do homes in Richmond Township, OH cost?
Median Sold Price
$197,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Richmond Township have sold for 27.5% more than they did a year ago.
Summary: The median home sold price in Richmond Township was $197,000 in May 2024, up 27.5% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.7K | $25.3K | -26.9% |
| 2 Bedrooms | $106K | $87.2K | -17.7% |
| 3 Bedrooms | $155K | $230K | +48.4% |
| 4 Bedrooms | $160.5K | $440K | +174.1% |
| 5+ Bedrooms | $355K | $600K | +69.0% |
Summary: Richmond Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.9%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 174.1%, and 5+ bedroom homes increased by 69%.
Median Sold Price Compared To Nearby Cities
| Richmond Township | $154.5K | $197K | +27.5% |
| Andover Township | $147.5K | $157.9K | +7.1% |
Housing Supply in Richmond Township, OH
How many homes are available in Richmond Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Richmond Township real estate market had 6 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Richmond 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 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Richmond Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Richmond Township, OH
How long does it take to sell a home in Richmond Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -8.6% |
Summary: Homes in Richmond Township had an average of 32 days on market in May 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Richmond Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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