Richmond Township Housing Market Report January 2025•Ashtabula County, Ohio

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Housing Prices in Richmond Township, OH

How much do homes in Richmond Township, OH cost?

Housing Market Conditions

Is Richmond Township, OH a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Richmond Township is a Neutral Market

Difference Since January 2024

Since last year, Richmond Township has remained a Neutral Market.

Insight

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.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$174,250$99/SqFt
-$22,750
-11.5%

Based on all homes sold in the last 12 months

Insight

Homes in Richmond Township have sold for 11.5% less than they did a year ago.

Summary: The median home sold price in Richmond Township was $174,250 in January 2025, down 11.5% from last year, and the median price per square foot was $99.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Andover Township
-8.2%
Richmond Township
-11.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$22.5K$28.2K
+25.3%
2$95K-
N/A
3$240K$163.5K
-31.9%
4$494.7K$215K
-56.5%
5-$600K
N/A

Summary: Richmond Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +25.3%. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -31.9%. The home price for 4 bedroom homes decreased by -56.5%. The home price for 5 bedroom homes did not change.

Housing supply in Richmond Township, OH

How many homes are available in Richmond Township, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
6Last MonthJan 2025
62 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The Richmond Township real estate market had 6 homes for sale in Jan 2025, the same as Dec 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthJan 2025
02 months agoDec 2024
+100.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
111
0.0%
200
0.0%
333
0.0%
422
0.0%
500
0.0%

Summary: Richmond Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Richmond Township, OH cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Richmond Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Richmond Township in January 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Richmond Township, OH

How long does it take to sell a home in Richmond Township, OH?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Richmond Township has remained consistent over time.

Summary: During January 2025, 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
60 DaysThis YearJan 2025
118 Days1 year agoJan 2024
-49.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Richmond Township had an average listing age of 60 days in Jan 2025, down by 49.2% compared to the previous year.

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Newest Listings in Richmond Township, OH

What homes are available in Richmond Township, OH?

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MLS Disclaimers and Copyright

Based on information from MLS Now, and Mansfield Assocation of REALTORS® MLS for the period 02/01/2023 - 02/01/2025

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 4:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither Listing Broker(s) this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright Mansfield Association of REALTORS® Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/3/2025, 4:15:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.