Another solid month for Main real estate month for the Maineville/Hamilton Township Ohio real estate market! The median price continues to outperform past years. Overall there was a bit of sa shift, with and increase in homes for sale and fewer under contract so it would seem we're getting closer to a more balanced market. Stick with us for the details right after the stats section further down this post when we get into more details about 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, a Hamilton Township community
So, on to the review!
Quantity of homes sold by month
Median price of homes sold by month
Maineville/Hamilton Township 45039 Single Family Home Category Data Summary:
Homes Sold: 48 (0 Bank/Government Owned, 1 Short Sale, 5 New Construction) SAME
Average Price: $257,414 DOWN $50k
Median Price: $228,250 UP $3.5k
Days on Market Average: 45 DOWN 15 (median 20 days)
Homes Active 6/9/17: 95 UP 8
Homes Pending 6/9/17 72 DOWN 20
Average Sales/List %: 97.5% UP .2%
Most Expensive Home Sold: $742,000
Least Expensive Home Sold: $149,750
So what can we determine from the latest statistics?
- One thing really stands out to us. Look at the median price chart and what do you see? Four straight months that 2017 median prices have beaten 2010-2016 monthly prices. That's a very good indication of the recovery of home prices in the area. Don't read too much into the average price swing, the month before it was UP $54k, so this months swing is just a return to normalcy.
- Total sales of 48 was a typical May.
- There's a little more balance to the market this month. More homes for sale and fewer under contract.
- No homes sold for less than $100,000 and 10 sold for $300,000 or above.
- New construction is a high portion of the homes on the market, accounting for 39 of the 95 not under contract.
- Distressed (foreclosures and short sales) were minimal, accounting for 1 of the 48 sales, and none of the 95 homes for sale.
So what does this mean to you as a Maineville/Hamilton Township single family home owner?
STILL THE SAME AS 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 CHANGE HERE 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
Recent Market Reports:
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!
Two locations: Lebanon & Mason, OH
Bill Direct: 513-520-5305
Liz Direct: 513-265-3004
Search Homes: Http://WarrenCountyOhioRealEstate.com
Our Website: www.LizTour.com
OUR SERVICE AREA:
View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map