Cincinnati, OH 45223 Real Estate Market Report

ZIP Code: 45223
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

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.

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Key Findings

1. The primary market indicator, median sold price 293,500, signals recent transaction-level value for the neighborhood; given the price trend is up, sellers may maintain pricing discipline on well-marketed SFR and condo listings.

2. There is a pronounced spread between median listing price 178,450 and median sold price 293,500, which may indicate seller asking strategies outpacing recent transaction prices and could create pricing friction that buyers can exploit during negotiations.

3. Liquidity appears muted: the median days on market 269 points to slower sales velocity and longer holding periods, which may suggest moderate transaction volume and the need for competitive staging, pricing clarity, or targeted marketing to accelerate closings.

4. Rents and macro pressures support investor interest: median market rent 1,195 combined with a rent trend that is up and moderate interest rate pressure suggests rental demand is strengthening while financing conditions remain cautious; investors should prioritize cashflow stress testing and financing contingency planning.

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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.