|
House hunting by a school district is fairly common within the greater Cincinnati real estate market. 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 table below compares single-family home sales from 01/01/22 to 07/15/22 versus the same timeframe in 2021. Data on single-family homes were pulled from the CincyMLS.
School District 2021
# SoldAverage Sale Price 2022
# SoldAverage Sale Price
Cincinnati Public 1972 $282,100 1968 $305,876
Fairfield 345 $253,847 311 $300,348
Forest Hills 351 $387,430 347 $408,949
Lakota 771 $397,006 650 $433,848
Mason 440 $511,065 346 $597,967
Northwest 480 $215,592 517 $247,285
Oak Hills 423 $234,575 371 $259,719
Princeton 206 $270,245 228 $287,133
Sycamore 236 $500,130 235 $575,333
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.
Every area and associated school district is unique. Your Realtor® can provide a list of sale price ratios as well as absorption rates.