November Home Sales 2024

As November arrives, real estate markets across Dayton, Cincinnati, and Springfield continue to adapt with the changing season. Cooler temperatures and evolving buyer behaviors are bringing subtle yet significant shifts to the region’s real estate landscape. From slight increases in home values in Dayton and Springfield to a steady number of closings across all cities, the market remains dynamic, offering both buyers and sellers opportunities to make informed moves.

While some cities experienced increases in average home values, others saw adjustments in the pace of transactions, with variations in the average days properties spent on the market. Staying up-to-date on these trends can help guide smart decisions as we move further into the fall season!

Sales of single-family and condominium units in Dayton for October saw an increase in both average prices and the number of closings. There were 1,311 sales, up from 1,232 in September, showing a 6% increase. The average sales price rose to $279,851, up 2% from September’s $274,715. Meanwhile, properties spent a bit longer on the market, with an average of 64 days, up from 59 days in the previous month.

The Cincinnati market showed mixed signals in October, with a decline in average home values but an increase in total sales. The month saw 1,681 sales, up from 1,630 in September, marking a 3% increase in closings. The average sales price for October fell slightly to $340,525, down 4% from September’s $355,216. Properties in Cincinnati remained on the market for an average of 21 days, a modest increase of 1 day compared to the previous month.

Springfield’s market activity surged in October, with notable increases in the number of closings. A total of 438 sales were reported, up from 390 in September, reflecting a 12% increase. The average sales price in October declined slightly to $252,031, down 2% from September’s $256,910. Properties in Springfield spent an average of 72 days on the market, which is 8 days longer than in September, giving buyers and sellers a bit more time to make decisions.

As the seasons change, so do the dynamics of the real estate market. Whether you’re looking to buy or sell, staying informed on these trends is essential for making the right decisions in today’s landscape. Coldwell Banker Heritage is here to guide you through each step, offering insights and expertise to help you navigate the evolving market with confidence.