Cincinnati, OH 45205 Real Estate Market Report

ZIP Code: 45205
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Cincinnati, OH (ZIP: 45205) stands at $134,900, reflecting a market that has seen modest price appreciation, with prices trending up year-over-year. This indicates a gradual recovery from previous high-growth periods, suggesting that while the market is stabilizing, well-priced homes continue to attract buyer interest.

Current market conditions indicate elevated inventory levels, leading to a slower sales velocity with a median days on market of 284 days. This extended timeframe may suggest a shift towards a more balanced market, where buyers have more options but may also face pricing friction due to the gap between median listing price at $159,000 and the median sold price. The overall market temperature is neutral, indicating a stable environment for both buyers and sellers, though the moderate interest rate pressure may impact future 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

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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 OH market average around 6.00% to 6.09%, which is notably lower than the 6.63% average seen one year ago in 2025.

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 $134,900 indicates a market that is stabilizing after previous high-growth periods, with prices trending up year-over-year.

2. With a median days on market of 284 days, the market is experiencing slower sales velocity, suggesting caution for sellers in pricing strategies.

3. The median listing price of $159,000 shows a significant gap compared to the sold price, indicating potential pricing friction in the market.

4. The market temperature is currently neutral, reflecting balanced conditions for buyers and sellers amid elevated inventory levels.

5. The median market rent of $1,464 suggests a strong rental demand, which may provide additional support for the housing market.

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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.