Cincinnati, OH 45224 Real Estate Market Report

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.

Market Metrics

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

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.

Property Taxes

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.

Market Trends & Context

Key Findings

1. The neighborhood's primary market value is reflected by the median sold price 256,500, which — alongside a price year-over-year trend of up and a neutral market temperature — suggests continued moderate price appreciation anchored in recent transactions.
2. The median listing price 217,900 sits noticeably below the median sold price 256,500, which may indicate pricing friction between seller expectations and completed transactions and suggests sellers should align pricing strategy to realized sale levels.
3. Liquidity appears subdued: despite a sample that indicates relatively constrained active supply, the median days on market 327 signals slower transaction velocity and suggests sellers may need extended marketing windows or targeted incentives to accelerate closings (slower sales velocity).
4. Valuation and rental context are mixed: the median price per square foot 152 combined with a median market rent 1,200 and a rent year-over-year trend of up indicate steady rental demand, but elevated interest rate pressure (elevated) may constrain buyer affordability and should be factored into pricing and hold/sell timing decisions.

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.