Terrace Park, OH Foreclosures
How much do homes sell for in Terrace Park, OH?
The average home price is currently $804,228.
In Terrace Park, OH, how many homes are available?
There are currently 1,831 active home listings available in Terrace Park.
What’s the average rental cost in Terrace Park, OH?
The average rental price in Terrace Park is $2,009.
What is the most expensive home in Terrace Park?
The most expensive home sold in Terrace Park had a price of $3,442,870.
What is currently the cheapest priced home in Terrace Park, OH?
The cheapest home for sale in Terrace Park is priced at $27,227.
Living in Terrace Park, OH
Terrace Park, Ohio, is a charming suburban village known for its rich community spirit and serene environment. This area offers a mix of beautiful homes, great schools, and abundant outdoor activities, making it an ideal place for families and nature lovers alike. With close proximity to Cincinnati, residents enjoy both peaceful living and urban conveniences.
Current Market Conditions in Terrace Park, OH
The Terrace Park real estate market has remained stable this year, characterized by a modest increase in home prices and a gradual reduction in inventory. Buyers are finding value in this sought-after suburban area, which continues to attract families and professionals looking for quality living.
Recent trends show that luxury homes in the area, while remaining at a premium, are showing signs of longer days on market, suggesting that potential buyers may be waiting for the right price points. Conversely, more affordable homes are quickly being snatched up, indicating a strong demand for entry-level housing.
Home Value Estimator For Terrace Park, OH
There are currently 928 real estate properties
in Terrace Park, OH,
with a median automated valuation model (AVM) price
of $744,000.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Terrace Park, 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 Terrace Park, OH,
is $804,228.00, with the most expensive house
in Terrace Park, OH, topping out
at $3,442,870.00 and the cheapest home
in Terrace Park, OH,
clocking in at $27,227.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Terrace Park, OH!
Rent Prices
In Terrace Park, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Terrace Park, OH, is on
a rollercoaster ride. The
average rent price in Terrace Park, OH,
is $2,009.00. Indeed, when looking to rent in
Terrace Park, OH, you can expect to pay as little
as $960.00 or as much
as $2,600.00,
with the average rent median estimated to
be $2,040.00. The good news is that finding
an affordable and desirable property to rent in Terrace Park, 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.
Learn more on Foreclosure homes
