Maineville/Hamilton Twp Ohio 45039 Single Family Home Market Report October 2013
How's the Maineville & Hamilton Township real estate market? The temps are up and down, and chilly at night! Some frost has even made an appearance, and has the cooler weather chilled the market? 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 for 2010, 2011, 2012 and now 2013:
Next is the Maineville/Hamilton Township median price summary chart.
Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:
Homes Sold: 29 (2 Bank/Government Owned, 1 Short Sale) UP 6
Average Price: $210,729 DOWN $5k
Median Price: $170,000 DOWN $4k
Days on Market Average: 91 UP 14
Homes Active 11/10/13: 135 DOWN 18
Homes Pending 11/10/13: 46 DOWN 4
Average Sales/List %: 95.8% DOWN .2%
Most Expensive Home Sold: $465,000
Least Expensive Home Sold: $24,000
So what can we determine from the latest statistics?
We're a bit of a mixed bag this month. Prices are down SLIGHTLY. Days on market UP, number of homes for sale DOWN. Number of homes sold UP, but not necessarily beating previous Octobers. Basically, we have the "typical" slowdown we expect for this time of year. Less activity as some sellers decide to take a break until Spring and less activity as some buyers don't want to disrupt the family this time of year.
There was still decent price support in the $300's and up as 6 of the 29 sales were in this price bracket. The $24k sale was a VERY small 2 BR home in the country sold for cash and in need of work.
Distressed property sales are continuing to be a small sliver of the Maineville/Hamilton Township market. Only 3 of 29 sold, and only 17 of the 135 offered for sale are foreclosures or short sale offerings.
So what does this mean to you as a Maineville/Hamilton Township single family home owner? Deja vu advice: A lot will depend on when you bought and how much you owe on your mortgage. Obviously, Maineville/Hamilton Township homes ARE selling, although we do expect a continued slower season for the next few months. The biggest variable is will the price offered meet your needs? We can help you assess your personal circumstances to determine if now is indeed the right time for you to sell your home. Inventory continues to be fairly low so competition isn't enormous.
Buyers will still 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?
You MAY have a bit less competition this time of year, but that doesn't mean NO competion. 46 homes under contract indicates plenty of buying is still happening, so when you find the right home, you better act on it before someone else does.
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 a little 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
OUR SERVICE AREA:
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