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Home listings in Richland County were asking for more money in May – see the current median price here

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Home listings in Richland County were asking for more money in May – see the current median price here

The average home in Richland County was on the market for $229,500 in May, up 5% from the previous month’s $218,650, an analysis of Realtor.com data shows.

Compared to May 2023, the average list price of a home has increased by 34.1%, from $169,900.

The statistics in this article refer only to homes for sale in Richland County, not homes that have been sold. Information about your local housing market, along with other useful community data, is available at data.mansfieldnewsjournal.com.

Richland County’s average home was 1,620 square feet, listed at $135 per square foot. The price per square meter of homes for sale has increased by 13% since May 2023.

Listings in Richland County developed quickly, with an average of 24 days listed, compared to May’s national average of 44 days on market. In the previous month, homes were on the market for an average of 25 days. In May, approximately 130 new homes came onto the market, an increase of 8.3% compared to the 120 new homes in May 2023.

Realtor.com’s average home prices may exclude many or even most of the homes on the market. Price and volume represent single-family homes, condominiums, or townhomes only. They include existing homes but exclude most new-build homes and pending and conditional sales.

In Ohio, median home prices were $298,750, up 0.1% from April. The average Ohio home for sale was 1,796 square feet, priced at $164 per square foot.

In the United States, the average home price was $442,450, up slightly from the previous month. The average American home for sale was listed at 1,859 square feet, priced at $233 per square foot.

The average list price for homes used in this report represents the midpoint of all homes or units listed during the given period. Experts say the median provides a more accurate picture of what’s happening in a market than the average list price, which would mean taking the sum of all list prices and then dividing it by the number of homes sold. The average may be distorted by a particularly low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.

This article originally appeared in Mansfield News Journal: Home listings in Richland County asked for more money in May – see current median price here

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