By 1812Blockhouse
The housing market in Mansfield and Richland County is off to a robust start in 2025, with both home values and listing prices reflecting significant year-over-year growth. Whether you’re buying, selling, or watching from the sidelines, there’s no denying that real estate is a hot topic this spring.
Mansfield’s Market Heats Up
In Mansfield, the numbers speak volumes. The median listing home price reached $175,900 in February 2025—a notable 17.3% increase from the previous year. Zillow’s Home Value Index places the average Mansfield home at $140,192 as of March, a 6.9% jump from March 2024.
Speed is also a defining factor in today’s market. Homes are flying off the shelves, with a median of just 15 days to pending. Yet while listings are priced higher, the median sale price in February was $127,833—about $20,000 below the list price, highlighting the nuances of negotiation in a seller’s market.
Perhaps the most eye-popping figure? The 44907 zip code, where the median listing price surged to $199,900 in February—an astounding 42.9% increase year-over-year.
Richland County Sees Widespread Growth
The trend extends beyond the city limits. Across Richland County, the median listing home price climbed to $196,500, up 9.2% from a year ago. Zillow and Rocket Homes both reported increases in sold prices as well, with Rocket noting a 12.2% rise to $190,051 in February.
According to Redfin, the median sale price stood at $167,375, an 8.5% gain from 2024, while Zillow’s index now shows a countywide average value of $176,086, marking a 7.2% uptick.
A Seller’s Market — With Some Surprises
The market still favors sellers, but not all homes are fetching full asking price. In February, 49.3% of homes sold below list, while 22% sold above—a reminder that location, condition, and pricing strategy remain key.
Inventory is also shifting. The number of homes for sale rose by 9.5% from January to February, totaling 323 active listings. At the same time, the average time on market increased to 54 days, up 28.4% from a year ago—hinting at a slight cooling of the frenzied pace seen in 2024.
The Road Ahead
Overall, the first quarter of 2025 has confirmed what many in real estate already suspected—home values in Mansfield and across Richland County are continuing their upward trajectory. Neighborhoods like 44907 are seeing dramatic increases, while rising inventory and longer time on market suggest the beginnings of a more balanced environment.
Whether this trend continues through the summer will depend on a host of factors, including mortgage rates, economic conditions, the impact of government policies and the availability of building supplies, and buyer sentiment. But for now, it’s safe to say: real estate in this part of north central Ohio is anything but stagnant.
Be sure to turn on the sound!
