Real Estate Market Update for 44253 (Litchfield, OH)
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was stable from one year earlier, and down 11% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 210-thousand dollars. The number of units sold increased 100% year-over-year, and decreased 40% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 44253 (Litchfield, OH)
Area Information for 44253 (Litchfield, OH)
  • Population: 3,408
  • Median Age: 44.64 yr
  • Median Commute Time: 23.93 mins
  • Sales Tax: 6.375%
  • Population Density: 138/sq mi
  • Population Change Since 2000: 2.5%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Oberlin College
  • Closest Jr. College: Ohio Business College-sheffield Village
  • Median Household Income: $76,097
  • Annual Residential Turnover: 10.6%
  • Median Years in Residence: 5.22 yr
  • Median Home Sales Price: $150,000
  • Closest Major Sports Team: Akron Aeros
  • Change Avg. Household Income Since 2000: 34%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 44253 (Litchfield, OH)
Median Age: 44.64 Married: 43% Number of Households: 1,245 Households with Children: 374
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for 44253 (Litchfield, OH)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.