Is Cheviot, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheviot is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Cheviot was a Seller's Market.

Key Takeaway

Cheviot is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Cheviot, OH cost?

Median Sold Price

$175,000

$122/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

+$37,050(+26.9%)

Key Takeaway

Homes in Cheviot have sold for 26.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $102K$130K
+27.5%
3 $147.7K$176.5K
+19.5%
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Cheviot
+26.9%
Cincinnati
-2.1%
Green Township
-9.8%

How many homes are available in Cheviot, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
2831+10.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 99
0.0%
3 1619
+18.8%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
145-64.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheviot, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Average Sale Time

Sep 2022Oct 2022%
12 Days1 Days-90.7%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cheviot are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cheviot, OH

Cheviot, OH has 31 homes for sale to choose from. In October 2022 in Cheviot, OH there were 10.7% more homes for sale than in September 2022. While the average time on the market in October 2022 was 1 days, the median list price was $175,000. Listing prices have changed in this real estate market between October 2021 and October 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 27.5%, prices of 3 bedrooms properties increased by 19.5%, the cost of 4 bedrooms properties went up by 0%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes increased by 18.8%, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes stayed the same. In October 2022 more than 4 listings in Cheviot, OH were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 0 were sold below.

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