Cincinnati, OH 45202 Real Estate Market Report

ZIP Code: 45202
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Cincinnati, OH (ZIP: 45202) reflects a median sold price of $725,000, indicating a robust market despite the challenges of elevated inventory levels. The neighborhood has increased up since 2023, showcasing a positive trend in property values. However, the market is experiencing longer selling times, with a median days on market of 294, suggesting a shift towards a more balanced market where buyers have greater negotiation power. This is further evidenced by properties increasingly selling below their list prices.

The current market temperature is classified as neutral, characterized by moderate transaction volume and a notable gap between median listing price at $647,500 and median sold price. This discrepancy may indicate pricing friction as sellers adjust their expectations in response to the current market dynamics. With rental demand remaining strong, reflected in a median market rent of $2,200, the overall outlook for the Cincinnati market remains cautiously optimistic, though the elevated inventory relative to sales activity suggests a need for strategic pricing and marketing efforts to facilitate transactions.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Cincinnati area around 6.35% are slightly higher than the early 2026 average of 6.18%, indicating property owners locked in a marginally better rate recently.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $725,000 indicates a strong market performance despite longer selling times.

2. The median days on market of 294 suggests slower sales velocity, allowing buyers to negotiate more effectively.

3. With $647,500 as the median listing price, there is a notable pricing gap compared to the sold price, indicating potential pricing friction.

4. The market temperature is neutral, reflecting balanced conditions between buyers and sellers, with moderate transaction volume.

5. Rental demand remains robust, with a median market rent of $2,200, supporting overall market stability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.