Cincinnati, OH 45205 Real Estate Market Report

ZIP Code: 45205
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 45205 area average 6.3% as of May 2026, reflecting the broader market volatility that has influenced borrowing costs throughout the year.

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 primary market indicator, median sold price 146,000, sits below the median listing price of 168,000, which may indicate a pricing gap between seller expectations and recent transaction levels; down price year-over-year trend reinforces recent softening.

2. Median days on market 277 is prolonged, which suggests slower sales velocity and greater pricing friction rather than rapid turnover; this pace may indicate buyers are taking longer to transact.

3. Market temperature is neutral, and the sampled supply/transaction relationship suggests relatively constrained active supply alongside moderate transaction volume, which appears to produce a more balanced market rather than a clear seller or buyer advantage; balanced conditions should be expected.

4. Rental fundamentals show a median market rent of 1,195 with rent year-over-year trend up, while elevated borrowing costs (current 30-year fixed mortgage rates averaging 6.3%) may keep some buyers sidelined and support demand in the rental market; elevated interest rate pressure.

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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.

Cincinnati, OH 45205 Real Estate Market Report

ZIP Code: 45205
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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 45205 area average 6.3% as of May 2026, reflecting the broader market volatility that has influenced borrowing costs throughout the year.

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 primary indicator of recent transaction activity is the $164,450 median sold price, which reflects a market where recent sales show a down price year-over-year trend and suggests sellers may need to price with caution to match realized sale levels.

2. The neighborhood’s $198 median price per square foot provides a consistent valuation benchmark for SFR and condominium comparisons and aligns with a neutral market temperature, indicating a broadly balanced supply-demand relationship rather than an extreme market swing.

3. Rental fundamentals remain a support pillar with a $995 median market rent and an up rent year-over-year trend, which may sustain investor interest despite current price softness; however, elevated borrowing costs are a headwind—elevated interest rate pressure is present and Current 30-year fixed mortgage rates in the 45205 area average 6.3% as of May 2026, reflecting the broader market volatility that has influenced borrowing costs throughout the year.

4. Liquidity appears modest with moderate transaction velocity and elevated inventory relative to sales activity, which may produce pricing friction; median days on market is not provided in the supplied metrics, which limits precise timing analysis of sale cadence and may constrain short-term liquidity assessments.

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Notable Properties

The following 6 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.