Is 45040, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 45040 has remained a Seller's Market.
Key Takeaway
45040 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 45040, OH
How much do homes in 45040, OH cost?
Median Sold Price
$435,000
$202/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 45040 have sold for 7.4% more than they did a month ago.
Summary: The median home sold price in 45040 was $435,000 in March 2024, up 7.4% from last month, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306.5K | $300K | -2.1% |
| 3 Bedrooms | $444.2K | $274K | -38.3% |
| 4 Bedrooms | $405K | $565K | +39.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: 45040 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 38.3%, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 45034 | $379.9K | $450K | +18.5% |
| 45040 | $405K | $435K | +7.4% |
| 45039 | $364.5K | $360K | -1.2% |
Housing Supply in 45040, OH
How many homes are available in 45040, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Summary: The 45040 real estate market had 34 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 45040 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 45040, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 45040 in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for 45040, OH
How long does it take to sell a home in 45040, OH?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 43 Days | +35.4% |
Summary: Homes in 45040 had an average of 43 days on market in Mar 2024, up by 35.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 45040 has remained consistent over time.
Summary: During March 2024, 11 homes were sold in 45040; 18% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved