New Miami home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in New Miami rose by $31,300 while total sales decreased by 41.7%, according to

From July through September of 2020, there were seven homes sold, with a median sale price of $105,000 - a 42.5% increase over the $73,700 median sale price for the same period of the previous year. There were 12 homes sold in New Miami in the third quarter of 2019.

The median sales tax in New Miami for the most recent year with available data, 2018, was $895, approximately 0.9% of the median home sale price for the third quarter of 2020.

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

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Madison Township423135.5%$180,250$167,0007.9%
St. Clair1617-5.9%$131,750$107,00023.1%
New Miami712-41.7%$105,000$73,70042.5%
Lemon Township45-20%$65,250$50,00030.5%

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