What's My Maineville/Hamilton Township Home Worth? October 2016
Overall October was a good month. Sales volume very strong, prices stable and as expected for this time of year, homes took a bit longer to get under contract. New construction continues to play a heavy role in Maineville area real estate sales.
Stay with us for the latest Mainevillle & Hamilton Township area real estate news!
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, a Hamilton Township community
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:
Next is the Maineville/Hamilton Township median price summary chart.
Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:
Homes Sold: 43 (2 Bank/Government Owned, 0 Short Sale, 8 New Construction) UP 11
Average Price: $248,386 DOWN $18.5k
Median Price: $215,000 UP $11.5k
Days on Market Average: 42 UP 36 (median 40 days)
Homes Active 11/11/16: 116 DOWN 15
Homes Pending 11/11/16: 65 DOWN 3
Average Sales/List %: 97.8% UP 1.2
Most Expensive Home Sold: $580,000
Least Expensive Home Sold: $125,000
So what can we determine from the latest statistics?
- Sales are up from September to October and new construction continues to increase its role in area home sales. 8 of the 43 sold were brand new and 51 of the 116 for sale are also new construction. And the number of pendings at 65 points to another good month in October for completed sales.
- Average prices went down, but median prices pushed up. No homes sold below $100,000 and 10 sold for $300,000 or more, including 2 that sold above $500k.
- Distressed (foreclosures and short sales) continue to have minimal impact at this point: 2 of the 43 Sold and only 3 of the 116 not under contract, that's a low portion of the market and just what we prefer to see.
- Inventory is still low, especially if you don't have time to wait for new construction.
So what does this mean to you as a Maineville/Hamilton Township single family home owner?
No reason to change from recent months: If you can price competitively to the new construction offerings, you can take advantage of the shortage of homes for sale. Less competition means better sales times and often a better price. Supply and demand at work!
We don't see a lot of truly negative in this month's report to discourage offering your home for sale if it makes sense for you!
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 reason to change our buyer advice either: 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 $400,000 and Up
Serving Warren County's home buyers and sellers,
Liz and Bill aka BLiz
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Serving Warren County Ohio & Adjacent Areas
The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS
William (Bill) Spear, CRS
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Two locations: Lebanon & Mason, OH
Direct #2: 513-265-3004
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