As we begin the new year, it's essential for anyone who currently owns a home in Cincinnati, or if you are thinking about buying or selling this year, to stay informed about the real estate market in Cincinnati, OH. Today we are specifically discussing the neighborhoods of Hyde Park and Mt Lookout in this blog post, which is in the 45208 and 45226 area codes. So, let's dive right in and take a look at the numbers.
January 2024
Hyde Park and Mt Lookout Real Estate Market News
Currently, we have a low .98 combined Months Supply of Inventory in the Hyde Park and Mt Lookout neighborhoods of Cincinnati. Over the last 12 months, we've seen a significant decrease of -21.18% in the Months Supply of Inventory. This means that homes are selling faster than ever, creating a competitive market for buyers, and a great time to sell.
ACTIVE LISTINGS: 14 Single Family Homes, prices range between $475,000 to $2,700,000
***10 of the 14 are New Construction or To be Built homes.
The combined median days on the market is just 8 days. This means that homes are selling swiftly, allowing sellers to move on to their next adventure and buyers to find their dream homes efficiently
PENDING LISTINGS: 17 Single Family Homes, prices range between $249,900 to $2,950,000
***0 of the 17 are New Construction or To be Built homes.
The List to Sold Price percentage stands strong at 99%. This indicates that homes are selling close to their list price, showcasing a robust market and favorable conditions for sellers.
SOLD LISTINGS: 13 Single Family Homes, prices range between $299,000 to $1,775,000
***0 of the 13 are New Construction or To be Built homes.
The Hyde Park and Mt Lookout, Cincinnati real estate market is heating up as we get ready to head into Spring! As always, shop local for your lender and your real estate agent- they'll help you reach your goals! If you have any questions or need assistance with buying or selling a property in this area, please don't hesitate to reach out to me. I'm here to help!
Buying a House in Hyde Park or Mt Lookout, What To Expect
Buyers, get your paperwork and financials in order. Due to the limited supply of homes available for potential buyers to choose from, homes are selling faster than ever. This is creating a competitive market for buyers looking to purchase a home in the Hyde Park and Mt Lookout neighborhoods of Cincinnati, OH, with potentially limited negotiating power, so you must be ready to act quickly and put your best offer forward from the start. Make smart, informed decisions by staying on top of the market data and what's trending. When you partner with an experienced realtor who knows the area well, they will be able to provide you with valuable insight on the current state of the Hyde Park and Mt Lookout real estate market and can guide you through these dynamic market conditions.
Selling a House in Hyde Park or Mt Lookout, What To Expect
Sellers, spruce up your home, turn-key properties that are professionally marketed will sell for the most money! With strong buyer demand for homes in the Hyde Park and Mt Lookout area and low inventory levels, you have an opportunity to sell your property faster than in many other markets. This not only shows that the market is strong, but you also have the potential to achieve a competitive price for your home, possibly creating a multiple-offer situation that would net you more than you are asking. Be careful not to get caught up in all the excitement- it is more important now than ever before to fully vet your potential buyer before accepting a contract. When you partner with an experienced realtor they will be able to provide you with valuable insight on the current state of the Hyde Park and Mt Lookout real estate market, how to minimize risk and maximize success when accepting an offer, and can guide you through these dynamic market conditions we are currently experiencing.
About The Author:
The above article “Hyde Park and Mt Lookout, Cincinnati Real Estate Market Update” was provided by Kelly Gibbs. Kelly can be reached via email at kelly@kscincy.com or by phone at 513-290-6216.
If you’re thinking of buying or selling a home or an investment property in the Cincinnati area I would love to share my marketing knowledge and expertise to help you! Contact me today!
I service the following Greater Cincinnati, OH areas: Amberly, Anderson Township, City of Cincinnati, Clifton, Columbia Tusculum, Blue Ash, Deer Park, Hyde Park, Indian Hill, Kennedy Heights, Kenwood, Loveland, Madeira, Madisonville, Mariemont, Mason, Milford, Montgomery, Mt. Lookout, Mt. Washington, Newtown, North Avondale, Northside, Norwood, Oakley, Pleasant Ridge, Silverton, Sycamore Township, Symmes Township, and Walnut Hills.