The townships are spread around the greater Cincinnati area. In the 4 county area that makes up the bulk of our real estate market, the CincyMLS shows 3768 single family homes for sale. The median list price is $229,900 and the median sale price for May is $171,550. 488 condos for sale with a median list price of $161,015 and median sale price for May of $124,950.
The dollar gap between the median list price versus the median sale price (homes/condos that closed during May) provide information to both buyers and sellers on market trends. If you’re in the market- buying or selling- make sure to obtain an up-to-date market review from your Realtor® prior to listing or purchasing a property. Over pricing for sellers and under bidding by sellers often causes a lot of unnecessary pain and confusion. In short, understand the current values for a specific area
Each neighborhood and complex within each township has unique pricing characteristics-make sure you look at not only the average/median list prices but also the absorption rate and the prices of recently sold properties.
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