House hunting by a school district is fairly common within the greater Cincinnati real estate market. And COVID house hunting helped charge the market as some school districts returned to in-person learning. Remember, many of the school districts cross over from one Multiple Listing area to another. For example, the Princeton School District covers Sharonville, Springdale, Evendale, Glendale, and even parts of West Chester.
If the school district is your primary concern make sure you and your agent search by the school district and not suburb codes.
The lack of homes for sale helped to drive prices even higher during the first 4 months of 2021. The DOM (days on market) dropped quite a bit during 2021 to an average of 20 days. Compared to the same timeframe in 2020 when the average was 36 days- almost double.
The table below compares single-family home sales for 2020 versus 2021. Data on single-family homes pulled from the Multiple Listing Service of Greater Cincinnati:
School District 2020
Average Sale Price 2021
Average Sale Price
Cincinnati Public 982 $219,699 1087 $262,046
Fairfield 182 $195,176 170 $243,744
Forest Hills 172 $321,129 188 $388,703
Lakota 351 $324,213 376 $382,174
Mason 173 $424,406 205 $488,877
Oak Hills 239 $198,582 229 $228,089
Princeton 130 $222,399 92 $267,330
Sycamore 130 $426,400 112 $441,959
Across the board, the average sale price is going up. It’s difficult for some buyers to make a move. Potential sellers afraid of having their property sold out from under them need to discuss strategies with their agents. Work with your agent to finesse your way through a complicated and frustrating real estate market.
Every area and associated school district is unique. Your Realtor® can provide a list of sale price ratios as well as absorption rates.