Is Rootstown Township, 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, Rootstown Township has remained a Seller's Market.
Key Takeaway
Rootstown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rootstown Township, OH
How much do homes in Rootstown Township, OH cost?
Median Sold Price
$251,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rootstown Township have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Rootstown Township was $251,000 in April 2024, down 3.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $44.9K | N/A |
| 2 Bedrooms | $197.6K | $158.5K | -19.8% |
| 3 Bedrooms | $250K | $246.5K | -1.4% |
| 4 Bedrooms | $320K | $287K | -10.3% |
| 5+ Bedrooms | $365K | $487K | +33.4% |
Summary: Rootstown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
| Ravenna Township | $168K | $180K | +7.1% |
| Rootstown Township | $260.5K | $251K | -3.6% |
| Rootstown | $237.5K | $205K | -13.7% |
| Edinburg Township | $358.5K | $252.5K | -29.6% |
Housing Supply in Rootstown Township, OH
How many homes are available in Rootstown Township, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Rootstown Township real estate market had 25 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rootstown Township 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 200%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rootstown Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Rootstown Township in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Rootstown Township, OH
How long does it take to sell a home in Rootstown Township, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 27 Days | -31.4% |
Summary: Homes in Rootstown Township had an average of 27 days on market in Apr 2024, down by 31.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rootstown Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Rootstown Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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