March 2021 – Local Home Sales Report

March 2021 had moderate temperatures and was record setting for average price increases. In Cincinnati, the median sales price increased for the 23rd consecutive month (over the prior year). The median days on market was just two days – a 50% decrease from March 2020. In Dayton, the average sale price of $204,779 was up 10% from last year, and a median sale price of $175,000, up almost 9% from last year. In Northern Kentucky, home sales rose by almost 5% and sales prices increased by almost 11%.

Mortgage rates are low. Home values are high. It’s a great time to list your home for sale and for buyers to find their dream home.

Here is a report by region of homes sales throughout March 2021:

CINCINNATI OHIO / SOUTHEASTERN INDIANA

March 2021 vs March 2020

  • -2.1% Increase in homes sold (2,049 homes)
  • 12.3% Increase in median sale price ($219,000)
  • 17.2% Increase in sales volume ($545,240,796)
  • -50.% Decrease in median days on market (2 days)
  • -52.8% Decrease in active homes for sale (1,401 units)
  • -.09% Decrease in new listings (2,741)

Statistics courtesy of Cincinnati Area Board of Realtors® March 2021 Home Sales Report

DAYTON AND SPRINGFIELD OHIO

March 2021 vs March 2020

  • -5.0% Decrease in homes sold (1,255 units)
  • 10.84% Increase in average sale price ($204,779)
  • 8.70% Increase in median sale price ($175,000)
  • 5.3% Increase in gross sales volume ($256,900,000)
  • -.66% Increase in new listing units (1,679)

Statistics courtesy of Dayton Realtors March 2021 Home Sales Report

NORTHERN KENTUCKY

March 2021 vs March 2020

  • 4.74% Increase in homes sold (619 homes vs 591 homes)
  • 9.33% Increase in average sale price ($245,568 vs $224,607)
  • 9.38% Increase in median sale price ($211,000 vs $192,900)
  • 14.51% Increase in sales volume ($152,007,138 vs $132,743,307)

Statistics courtesy of Northern Kentucky Association of Realtors® March 2021 Home Sales Report

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