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Preforeclosure Homes 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 $531,811.
In Novelty, OH, how many homes are available?
There are currently 2 active home listings available in Novelty.
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 $3,791,700.
What is currently the cheapest priced home in Novelty, OH?
The cheapest home for sale in Novelty is priced at $55,762.

Living in Novelty, OH

Novelty, OH is a charming village known for its serene environment and family-friendly community. The area boasts beautiful scenery, great schools, and plenty of outdoor activities. It offers the perfect balance of suburban tranquility and close proximity to urban conveniences.

Current Market Conditions in Novelty, OH

The real estate market in Novelty has shown stability with a modest increase in home values over the past year. The demand for single-family homes has remained consistent, particularly among families looking for the peaceful suburban lifestyle that Novelty offers. There has been a noticeable interest in properties with larger lots and access to nature, as buyers prioritize space and outdoor amenities nowadays.

Overall, Novelty currently has a balanced market favorable for both buyers and sellers, with homes generally staying on the market for a reasonable amount of time before being sold. New construction has also been observed in the area, indicating ongoing interest and investment in the community.

Home Value Estimator For Novelty, OH

There are currently 1,792 real estate properties in Novelty, OH, with a median automated valuation model (AVM) price of $439,987.00. 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 $531,811.00, with the most expensive house in Novelty, OH, topping out at $3,791,700.00 and the cheapest home in Novelty, OH, clocking in at $55,762.00. 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 Preforeclosure Homes


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