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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cheviot is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Cheviot has remained a Seller's Market.

Key Takeaway

Cheviot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cheviot, OH

How much do homes in Cheviot, OH cost?

Median Sold Price

$219,500

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$44,500(+25.4%)

Key Takeaway

Homes in Cheviot have sold for 25.4% more than they did a year ago.

Summary: The median home sold price in Cheviot was $219,500 in September 2024, up 25.4% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $133K$145.6K
+9.5%
3 $191.9K$207K
+7.8%
4 $223K$236.2K
+5.9%
5+ -$257.9K
N/A

Summary: Cheviot housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cheviot
+25.4%
Cincinnati
-3.8%

Housing Supply in Cheviot, OH

How many homes are available in Cheviot, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
330.0%

Summary: The Cheviot real estate market had 3 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Cheviot housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cheviot, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cheviot in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cheviot, OH

How long does it take to sell a home in Cheviot, OH?

Average Sale Time

Sep 2023Sep 2024CHANGE
1 Day9 Days+800.0%

Summary: Homes in Cheviot had an average of 9 days on market in Sep 2024, up by 800% compared to last year.

Breakdown of Home Sale Times

2 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.

Summary: During September 2024, 2 homes were sold in Cheviot; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in Cheviot, OH

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