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Cincinnati, OH 45224 Real Estate Market Report

ZIP Code: 45224
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
37
Active Listings
16
Sold Properties
21

Market Metrics

Median Listing Price
$257,450
Median Sold Price
$225,000
Median Price per Sqft
$151/sqft

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.


Rental Market

Median Market Rent
$1,300

Property Taxes

Property Tax Rate
1.55%

Liquidity & Velocity

Median Days on Market
296
Sale-to-List Ratio
100.0%

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.


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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Key Findings

  1. The primary market value indicator is the median sold price 225,000, which reflects recent transaction activity and should be the primary guide for comps and valuation decisions; representative recent sale context suggests relying on sold prices over asking prices.

  2. The median listing price 257,450 sits above the median sold price, which may indicate pricing friction and sellers' expectations that exceed realized transaction values; given the market temperature is reported as neutral, this gap suggests careful price positioning is required to achieve sale outcomes.

  3. The median days on market 296 points to slower sales velocity and extended marketing time for SFR and condo inventory, which may indicate reduced liquidity and the need for targeted marketing or pricing incentives to accelerate closings; treat longer days on market as slower velocity rather than definitive weak demand.

  4. The market shows price and rent momentum—price year-over-year trend is up and rent year-over-year trend is up—while median market rent 1,300 and median price per square foot 151 provide current income and valuation reference points; however, elevated interest rate pressure may constrain some buyer segments and should be factored into offer strategies.


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.

Recent Transactions

7809 View Place Dr, Cincinnati, OH 45224
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds
3 baths
2,504 sqft
$420,500
Feb 1, 2026
$168/sqft/sqft
1162 days on market
5801 Blue Spruce Ln, Cincinnati, OH 45224
Value

Sold below market average

3 beds
2 baths
2,476 sqft
$335,000
Mar 1, 2026
$135/sqft/sqft
59 days on market
6464 Hamilton Ave, Cincinnati, OH 45224
Value

Sold below market average

- beds
2 baths
4,818 sqft
$323,300
Mar 1, 2026
$67/sqft/sqft
6639 Plantation Way, Cincinnati, OH 45224
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds
2 baths
1,545 sqft
$205,000
Mar 1, 2026
$133/sqft/sqft
67 days on market
5773 Lantana Ave, Cincinnati, OH 45224
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

2 beds
1 baths
1,067 sqft
$195,000
Mar 1, 2026
$183/sqft/sqft
151 days on market
6085 Capri Dr, Cincinnati, OH 45224
Value

Sold below market average

4 beds
2 baths
1,695 sqft
$180,000
Mar 1, 2026
$106/sqft/sqft
359 days on market
6241 Betts Ave, Cincinnati, OH 45224
Value

Sold below market average

2 beds
1 baths
815 sqft
$80,000
Feb 1, 2026
$98/sqft/sqft
5767 Argus Rd, Cincinnati, OH 45224
Value

Sold below market average

- beds
1 baths
810 sqft
$60,000
Mar 1, 2026
$74/sqft/sqft

Cincinnati, OH 45224 Real Estate Market Report

ZIP Code: 45224
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
21
Active Listings
0
Sold Properties
21

Market Metrics

Median Listing Price
$0
Median Sold Price
$99,500
Median Price per Sqft
$110/sqft

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.


Rental Market

Median Market Rent
$1,575

Property Taxes

Property Tax Rate
1.23%

Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.


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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
elevated

Key Findings

  1. median sold price: unavailable — The median sold price is the primary indicator of realized market value and recent transaction activity, but that metric is not present in the provided dataset; the absence may reflect limited standardized sale-price reporting in the sample or timing gaps in the data feed (the sample does include 21 analyzed sold properties).

  2. price year-over-year trend: up — Recent transaction-level indicators show prices are up, which, combined with a neutral market temperature, suggests continued price appreciation but not an overheated market; sellers can often realize gains while buyers still find negotiation room on non-premium stock.

  3. market temperature: neutral — The market appears balanced to slightly warm with neutral temperature and improving inventory conditions, which suggests moderate transaction volume and pricing friction that may favor sellers on well-priced starter homes while remaining accessible in other segments.

  4. median market rent: 1,575 — Rents are firm at 1,575 with a rent year-over-year trend of up; however, elevated interest rate pressure may temper buyer affordability and support continued strength in rental demand rather than rapid owner-occupier purchase acceleration.


Notable Properties

The following 3 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.

Recent Transactions

2171 Lincoln Ave, Cincinnati, OH 45224
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
1 baths
860 sqft
$95,000
Mar 1, 2026
$110/sqft/sqft
147 days on market
2180 Lincoln Ave, Cincinnati, OH 45224
Value

Sold below market average

3 beds
1 baths
880 sqft
$62,501
Jul 1, 2025
$71/sqft/sqft
304 days on market
2180 Lincoln Ave, Cincinnati, OH 45224
Value

Sold below market average

3 beds
1 baths
880 sqft
$62,501
Jul 1, 2025
$71/sqft/sqft
304 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$194/mo
45224 Avg Rent
45224 Cost to Own
Rent$1,300
Own$1,494

20% down, 6.5% rate, 1.5% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

45224 Avg nightly rate
45224 Avg occupancy (days/year)
Nightly rate$134/night
Occupancy125 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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