Cincinnati, OH 45224 Real Estate Market Report

ZIP Code: 45224
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: 45224) is characterized by a median sold price of $230,000, reflecting a stable market environment. The neighborhood has experienced an upward trend in pricing, with values up year-over-year, indicating a resilient demand despite the current market conditions. The median listing price stands at $225,000, suggesting that sellers are pricing properties competitively, although the slight gap between listing and sold prices may indicate some pricing friction as buyers navigate their options.

Market activity appears to be moderating, with median days on market reaching 268 days, signaling a slower sales velocity compared to previous periods. Elevated inventory levels are evident, with excess supply relative to sales activity contributing to a neutral market temperature. This shift allows buyers to explore a wider range of properties, although competition remains for prime listings, reflecting a balanced market dynamic overall.

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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 Cincinnati OH 45224 area around 5.99% are slightly below the national 2026 average of 6.09%, suggesting property owners locked in a slightly favorable rate.

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 $230,000 suggests stable market conditions with recent transactions reflecting actual buyer sentiment.

2. With median days on market at 268, the market is experiencing slower sales velocity, indicating a potential shift in buyer engagement.

3. The median listing price of $225,000 shows that sellers are positioning their properties competitively, yet the slight gap with sold prices may indicate pricing friction.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may impact future pricing dynamics.

5. The market temperature is currently neutral, reflecting a balance between buyer options and seller expectations.

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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.