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> Ohio Real Estate
Ohio Real Estate
By: Tom Beaty
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If you are looking to invest in Ohio real estate or if you are looking at Ohio real estate because you are planning a move, knowing the market can put you well on your way to getting the best deal you can for your money. Here are some areas of Ohio Real estate to look at.
Hyde Park is located near Cincinnati with a market of about 50/50 buyers to sellers; homes are sitting on the market between sixty and ninety days with a decreasing market trend. There is a solid inventory of homes for sale in all price ranges with an average home price of $228,700. This is up nearly five percent from last year. Sellers are receiving ninety-five to one-hundred percent of their asking price with multiple offers. Move up buyers and job growth is driving the market in this area
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Pataskala has more sellers than buyers in its Ohio real estate market. Homes are sitting for more than one-hundred twenty days on the market from listing to closing and the market trend is increasing. Homes are sitting at an average price of 4,175,000 with no change from last year. There are no multiple offers but sellers are receiving between ninety-five and one-hundred percent of their asking price. Single-family homes are showing the great activity and good economic news seems to be driving the market in this area.
Montgomery is another Ohio real estate market that is close to Cincinnati. The market is a 50/50 buyer to seller with homes on the market between sixty to ninety days. There is no change in the market trend and a limited supply of housing is available. The average home price however is reasonable at $250,000, which is up around five percent from last year. Repeat buyers are showing the greatest activity with population growth driving the market. Sellers can expect to receive between ninety-five to one-hundred percent of their asking price as well as multiple offers. This area is close to downtown, shopping and excellent schools. New homes are more popular than old, so much so older homes are being demolished in order to create new builds.
Huber Heights is located new Dayton, with an almost stagnate market. There has been no change in average home prices or the market trend. This is a buyers market with more sellers and home sitting on the market for more than 120 days from listing to closing. Sellers are still getting ninety-five to one-hundred percent of their asking price with no multiple offers and single-family homes are showing the most activity. Good economic news is driving this Ohio real estate market and homes are averaging a low $100,000.
Mount Adams, Ohio real estate market contains home, condominiums and views that keep attracting people. There is no change in the market trend. Homes are sitting on the market between 90-120 days with a good supply listed in all price brackets. Condominiums and Town homes are doing the best on the market with the average price of $397,500 up nearly five percent over last year. There are multiple offers on the homes and this area is located near Cincinnati with a 50/50 buyer to seller market. |