Warren County Ohio Real Estate News and Observations: Ohio: Maineville

What's My Maineville/Hamilton Township Home Worth? October 2014 Update

What's My Maineville/Hamilton Township Home Worth?  October 2014 Update

5891 Eagle Creek Maineville/Hamilton Township OH 45039The leaves have fallen off the trees and that usually indicates a slow down in the real estate market.  However, the Maineville area continues to buck the trend for the local market with strong sales in October.  Stay with us for the full report!  And  as a bonus we're including 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 community  Hamilton Township Ohio 45039

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:
Maineville/Hamilton Township Ohio Residential Home Market Report
Next is the Maineville/Hamilton Township median price summary chart.
Maineville/Hamilton Township Single Family Home Market Report

 

Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:

Homes Sold:  41 (1 Bank/Government Owned, 1 Short Sale) DOWN 3

Average Price:  $215,729 UP $7kAnother Maineville/Hamilton Township home we sold

Median Price:  $190,000 UP $6k

Days on Market Average:  84 UP 22

Homes Active 11/9/14:  158 DOWN 9

Homes Pending 11/9/14: 51 DOWN 9

Average Sales/List %:  97.2% DOWN .6%

Most Expensive Home Sold:  $431,000

Least Expensive Home Sold:  $125,000

 

So what can we determine from the latest statistics? 

There are a few takeaways and cautions:

  • Another solid month for the Maineville market.  VERY strong, especially considering this is the time of the year when the area market tends to slow down. 
  • Pricing was continues to be in a fairly tight band.  No homes sold below $100k, and only 6 above $300k, and of those 6 only 2 above $400k. 
  • Days On Market is increased, but that's to be expected for this time of year.
  • Homes under contract is still strong with 51 under contract. 
  • Distressed (foreclosures and short sales) continue to have minimal impact at this point.  Only 2 of the 41 Sold and 9 of the 158 not under contract.   Less impact there means better pricing for the rest of the market.   

So what does this mean to you as a Maineville/Hamilton Township single family home owner?   Our advice continues to be the same:  despite the Fall market, homes sales are still strong and it's still  a good time to sell your home.  The market stats indicate a strong market is continuing. Sellers that want to sell don't need to wait until next year to put their home on the market.  

It's still critical to price right, prep your home and hire an experienced real estate team .  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!  However, keep in mind the new construction competition.

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 advice here either.  If you find a home that suits you, don't delay acting or you may miss out on your opportunity.  Area housing is still VERY affordable and overall the homes tend to be newer and in subdivisions. 

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. 

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 

September 2014 Maineville/Hamilton Township Real Estate Market Report

August 2014 Maineville/Hamilton Township Real Estate Market Report

July 2014 Maineville/Hamilton Township Real Estate Market Report

June 2014 Maineville/Hamilton Township Real Estate Market Report

May 2014 Maineville/Hamilton Township Real Estate Market Report

April 2014 Maineville/Hamilton Township Real Estate Market Report

March 2014 Maineville/Hamilton Township Real Estate Market Report

February 2014 Maineville/Hamilton Township Real Estate Market Report

January 2014 Maineville/Hamilton Township Real Estate Market Report

December 2013 Maineville/Hamilton Township Real Estate Market Report

November 2013 Maineville/Hamilton Township Real Estate Market Report

October 2013 Maineville/Hamilton Township Real Estate Market Report

September 2013 Maineville/Hamilton Township Real Estate Market Report

August 2013 Maineville/Hamilton Township Real Estate Market Report

July 2013 Maineville/Hamilton Township Real Estate Market Report

June 2013 Maineville/Hamilton Township Real Estate Market Report

May 2013 Maineville/Hamilton Township Real Estate Market Report

April 2013 Maineville/Hamilton Township Real Estate Market Report

March 2013 Maineville/Hamilton Township Real Estate Market Report

February 2013 Maineville/Hamilton Township Real Estate Market Report

January 2013 Maineville/Hamilton Township Real Estate Market Report

December Maineville/Hamilton Township Real Estate Market Report

November Maineville/Hamilton Township Real Estate Market Report

October Maineville/Hamilton Township Real Estate Market Report

September Maineville/Hamilton Township Real Estate Market Report

August Maineville/Hamilton Township Real Estate Market Report

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!

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

MailTo:  LizSpear@Go-Concepts.com

Our Website:  www.LizTour.com

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5 commentsLiz and Bill Spear • November 09 2014 08:32AM
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