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Land Foreclosures in Novelty, OH

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Novelty, OH Foreclosures

How much do homes sell for in Novelty, OH?
The average home price is currently $546,040.
What’s the average rental cost in Novelty, OH?
The average rental price in Novelty is $2,215.
What is the most expensive home in Novelty?
The most expensive home sold in Novelty had a price of $3,804,600.
What is currently the cheapest priced home in Novelty, OH?
The cheapest home for sale in Novelty is priced at $21,724.

Living in Novelty, OH

Nestled in Geauga County, Novelty, Ohio is a quaint village that offers a peaceful suburban lifestyle. Known for its scenic landscapes and vibrant community spirit, it features various outdoor activities, local parks, and a welcoming atmosphere. Ideal for families and individuals seeking tranquility and nature, Novelty provides an excellent quality of life while being conveniently close to larger urban areas.

Current Market Conditions in Novelty, OH

The real estate market in Novelty is currently experiencing moderate growth, characterized by a balanced supply of homes and steady demand from buyers. The popularity of the village, combined with its appealing rural charm, has led to an increase in property values over the past year, making it a favorable time to invest in this area.

Many homes in Novelty are seeing competitive bidding, particularly in the single-family residential category. The area has seen an increase in interest from first-time homebuyers and families looking for a safe and reputable community.

Home Value Estimator For Novelty, OH

There are currently 1,910 real estate properties in Novelty, OH, with a median automated valuation model (AVM) price of $446,302.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Novelty, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Novelty, OH, is $546,040.00, with the most expensive house in Novelty, OH, topping out at $3,804,600.00 and the cheapest home in Novelty, OH, clocking in at $21,724.00. In other words, there’s something for every potential homebuyer or savvy investor in Novelty, OH!

Rent Prices In Novelty, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Novelty, OH, is on a rollercoaster ride. The average rent price in Novelty, OH, is $2,215.00. Indeed, when looking to rent in Novelty, OH, you can expect to pay as little as $960.00 or as much as $3,380.00, with the average rent median estimated to be $2,100.00. The good news is that finding an affordable and desirable property to rent in Novelty, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Novelty, OH Land


Market Trend for Novelty, OH

Total Listings Available: 0

Market Values:

Home Prices from $21,724 to $3,804,600

Average Sales Price: $546,040

Rental Values:

Rental from $960 to $3,380

Average Rent Value: $2,215 / month

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