Warren County Ohio Real Estate News and Observations

What's My Maineville/Hamilton Township Home Worth? November 2018

The slow part of the year for Maineville home sales is here.  Sales volume is down, time to sell slower, all the usual aspects typical for this time of year are on display.  Stick with us for the details right after the stats section further down this post when we get into the analysis of the Maineville/Hamilton Township area home sales.

We offer links at the bottom of the post to search Cincinnati MLS listed Maineville Ohio homes for sale, and if you want specifics for What Is My Maineville Ohio Home Worth?, please click that link and fill out the form.  We'll get back to you shortly with the latest info that applies to YOUR home!

This report is for single family homes only and NOT condos.  We're covering zip code 45039 only, which also includes homes in parts of Landen and Deerfield Township, although at low levels.  That also means any Hamilton Township homes in other zip codes are NOT covered in this report.  The majority of 45039 is covered by Little Miami Schools, although portions are in Kings Local.  Obviously zip code 45039 is NOT uniform so we're not always comparing apples to apples in this report.  This report is informational and for the best advice for you as an area home buyer or seller, please contact us for a specific review of your needs.

  • All data is derived from the Cincinnati MLS system. 
  • If any Maineville/Hamilton Township homes traded hands without a REALTOR® involved, then it won't be reflected in this report.
  • All data is for the 45039 zip code only.

The 45039 zip code offers a diversity of living choices, with a focus on affordable housing.  Much of the zip code is easily reached by taking the SR48, Western Row or Kings Mills exits off of I71.  Depending on traffic you can be in the heart of Maineville within 5-10 minutes from the SR48 exit.  Along the way you'll pass a Lowe's, Target, Kohls, Kroger, Petsmart and a collection of strip malls with a selection of dining choices. 

With regards to housing choices, there are numerous developments, with the majority focused at the $200k price point with many starter type homes available well below that.  If your preference is more space, the area also offers that option with either luxury home communities or more rural opportunities. Additionally, one of the area's few 55+ communities makes its home here.

Turning Leaf community  Hamilton Township Ohio 45039

Turning Leaf, a Hamilton Township community

 

So, on to the review!

Maineville Ohio real estate market stats

Quantity of homes sold by month


Maineville Ohio real estate sales Median price of homes sold by month

 

Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:Another Maineville/Hamilton Township home we sold

Homes Sold:  26 (0 Bank/Government Owned, 0 Short Sale, 3 New Construction)  DOWN 10

Average Price:  $277,463 DOWN $25k

Median Price:  $247,000 UP $2k

Days on Market Average: 79 DOWN 5  (median 34 days)

Homes Active 12/9/18:  83 DOWN 17

Homes Pending 12/9/18 31 DOWN 4

Average Sales/List %:  97.8% DOWN 0.3%

Most Expensive Home Sold:  $743,000

Least Expensive Home Sold:  $160,000

 

So what can we determine from the latest statistics? 

  • Key stat?  There are multiple stories here.  You might be tempted to think the rug was yanked out when you look at the big average price drop, but last month there was a swing UP twice the size of this month's drop.  The better indicator is the median price, which went up slightly and was the best for a single month this decade. 
  • The other stats?  We've hit the slow season.  Completed sales are down, time to sell slowed, number of houses for sale decreased and the number under contract decreased.  Frankly, all expected for this time of year.
  • Of the 26 homes sold, 6 were sold for $300k or more, and of those only 2 were over $500k.  .
  • No homes sold for less than $100,000.
  • Median time to sell is almost 5 weeks weeks. 
  • Distressed (foreclosures and short sales) were almost nonexistent this month, with none sold and only one not under contract.

So what does this mean to you as a Maineville/Hamilton Township single family home owner?

No change from last month.  The edge is still to the sellers but we are in the slower time of the year, so expect fewer buyers and a little longer to sell.  And depending on how motivated you are to sell, it might be better to hold tight until the grass is greener and the flowers are blooming again. Another key consideration is if the home is competing head to head with new construction, if so that can make the sale more challenging.  Thinking of selling?  Even with the slowdown, there are still plenty of homes to be sold. 

For an evaluation of your specific home's marketability, please contact us at 513-520-5305.  

 

So what does this mean to you as a potential Maineville/Hamilton Township home buyer? 

NO CHANGE HERE:  If you find a home that suits you, don't delay acting or you may miss out on your opportunity.  There are other buyers out there and area housing is still VERY affordable and overall the homes tend to be newer and in subdivisions. 

There is a LOT of new construction available and having an influence, and PLEASE, for new construction, have us help you!  The builder will NOT cut you a price break for showing up unrepresented, and using our services will NOT cost you extra. 

When you're considering buying a Maineville/Hamilton Township area home, please contact us at 513-520-5305 with your needs and we'll help you find the right community! 

To Search Maineville/Hamilton Township 45039 homes for sale, please use the links below.

Search Maineville/Hamilton Township 45039 Homes For Sale Under $200,000

Search Maineville/Hamilton Township 45039 Homes For Sale $200,000 to $400,000

Search Maineville/Hamilton Township 45039 Homes for Sale $400,000 and Up

Serving Warren County's home buyers and sellers,
Liz and Bill aka BLiz

Recent Market Reports:

October 2018 Maineville/Hamilton Township Real Estate Report

September 2018 Mainville/Hamilton Township Real Estate Report

August 2018 Maineville/Hamilton Township Real Estate Report

July 2018 Maineville/Hamilton Township Real Estate Report

June 2018 Maineville/Hamilton Township Real Estate Report

May 2018 Maineville/Hamilton Township Real Estate Report

April 2018 Maineville/Hamilton Township Real Estate Report

March 2018 Maineville/Hamilton Township Real Estate Report

February 2018 Maineville/Hamilton Township Real Estate Report

January 2018 Maineville/Hamilton Township Real Estate Report

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 1 commentLiz and Bill Spear • December 10 2018 12:00AM
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