New Miami home prices rise in the second quarter of 2020

Medium realestate3

The median sale price of a home sold in the second quarter of 2020 in New Miami rose by $17,275 while total sales decreased by 45.5%, according to

From April through June of 2020, there were six homes sold, with a median sale price of $60,375 - a 40.1% increase over the $43,100 median sale price for the same period of the previous year. There were 11 homes sold in New Miami in the second quarter of 2019.

The median sales tax in New Miami for the most recent year with available data, 2018, was $895, approximately 1.5% of the median home sale price for the second quarter of 2020.

The following table compares New Miami to other Butler County cities with similar median sales prices in the second quarter of 2020:

CityApr. - June 2020 Home SalesApr. - June 2019 Home Sales% change (Total Home Sales)Apr. - June 2020 Median Sales PriceApr. - June 2019 Median Sales Price% change (Median Sales Price)
Hanover Township29290%$172,500$180,000-4.2%
Madison Township2829-3.4%$153,750$146,5004.9%
Seven Mile3250%$149,000$86,25572.7%
Lemon Township25-60%$146,950$24,600497.4%
St. Clair181612.5%$119,550$105,00013.9%
New Miami611-45.5%$60,375$43,10040.1%

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