Maineville/Hamilton Twp Ohio 45039 Single Family Home Market Report February 2014
It's been cold and it's been COLD over the last month. Snow, polar vortexes...ugh, we're all ready for some spring flowers aren't we?? But did the attention by Jack Frost put the freeze on the Maineville/Hamilton Township real estate market? We'd say not! Stick with us for the full report! And we're including some Search for Maineville/Hamilton Township Homes For Sale links at the end for your home search convenience.
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 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, a sample Hamilton Township community
Maineville is home to the annual Berry Festival, a recently established area festival that is quickly gaining popularity.
So, on to the review!
First up is the number of Maineville/Hamilton Township area single family homes sold on a month by month basis starting in 2010 and continuing to this year:
Next is the Maineville/Hamilton Township median price summary chart.
Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:
Homes Sold: 24 (4 Bank/Government Owned, 2 Short Sale) UP 7
Average Price: $204,052 UP $18k
Median Price: $185,975 UP $2k
Days on Market Average: 95 UP 21
Homes Active 3/7/14: 135 UP 11
Homes Pending 3/7/14: 54 UP 5
Average Sales/List %: 95.4% DOWN .1%
Most Expensive Home Sold: $430,000
Least Expensive Home Sold: $86,150
So what can we determine from the latest statistics?
A VERY solid February! Tied for best February in number of Maineville homes sold from 2010 to present. Sales prices (median and average) up from January AND the February median prices beats all of the other Februarys since 2010. So DESPITE the cold weather, the Maineville/Hamilton Township market is doing well!!
The number of homes under contract bodes well for the upcoming months. Fact is, with only 135 homes on the market, buyers better be hoping that some more sellers are ready to come on the market or selection may really tighten up!!
Overall, the home price band was fairly uniform, with only 1 sold below $100k and only 3 above $300k!
One thing we'd like to see continue to drop is the number of distressed homes on the market or sold. 14 of 135 homes means a smidgen over 10% of the homes for sale are either short sales or foreclosures. And be forewarned, not all of them are great bargains when you account for the condition and uncertainty of how long it may take to complete a purchase. With 25% of the homes sold last month in the distressed category, there are obviously still buyers willing to jump the hurdles.
So what does this mean to you as a Maineville/Hamilton Township single family home owner? No real reason to change our advice with such a stable market: a LOT depends on when you bought your home and how much you still owe. If you bought at peak values, we're still not back to prices that will let you walk away with serious equity. Chances are it may be close to even or you may even need to write a check to make the deal work. For most other sellers, you're in good shape and there's demand for your area (if you can beat the new construction!).
Don't be surprised if buyers continue to go low with their offers, so appropriate pricing is key. A strong marketing presence is still critical (and we can provide that for you). If either element is missing, the home will take much longer to sell, or will not sell at all. For an evaluation of your specific home's marketability, please contact us.
So what does this mean to you as a potential Maineville/Hamilton Township home buyer?
Not much to change here either. The 54 pending sales tells you you've got competition! Part of that competition is institutional buyers purchasing homes to convert to rentals, so if you're looking in subdivisions, you may be competing with them, and they're CASH offers, although typically offered a bit below full market value. If you find a home that suits you, don't delay acting or you may miss out on your opportunity.
Maineville/Hamilton Township still continues to be a VERY affordable place to buy a home. A good portion of the housing is newer (less than 20 years old) and in subdivisions, most often pool communities. Additionally, new construction is 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.
Based on List/Sold price ratios, obviously there is room to negotiate on most homes, but don't assume offering really low is going to get the deal done. When you're considering buying a Maineville/Hamilton Township area home, please contact us with your needs and we'll help you find the right community for you!
To Search Maineville/Hamilton Township 45039 homes for sale, please use the links below.
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
REALTORS(S) Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite
Elizabeth & William Spear
Ask for us by name if you visit the office!
Two locations: Lebanon & Mason, OH
Liz direct: 513-265-3004
Bill direct: 513-520-5305
Our Website: www.LizTour.com
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