Cincinnati, OH 45227 Real Estate Market Report

ZIP Code: 45227
Report Date: June 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.

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Key Findings

1. Median sold price: $293,500 is the best indicator of realized market value in 45227; recent transactions center around this level and should be treated as the representative recent sale when setting offers or comps. representative recent sale

2. There is a notable gap between median listing price: $334,700 and the median sold price, which may indicate pricing friction or sellers testing the market rather than immediate buyer acceptance; buyers are likely to be price-sensitive given elevated interest rate pressure. elevated interest rate pressure

3. Long selling times are evident: median days on market: 275, which suggests slower sales velocity and that listings may require price adjustments or staged marketing to achieve contracts within a typical cycle. slower transaction velocity

4. Market context shows prices and rents are trending upward (price year-over-year trend: up; rent year-over-year trend: up) while the overall market temperature is neutral, implying a balanced negotiation environment where sellers and buyers both need realistic expectations. up

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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 45227 Real Estate Market Report

ZIP Code: 45227
Report Date: June 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

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

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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 is the 1,119,500 median sold price, which signals high absolute transaction values for SFR and condo stock in ZIP 45227 and suggests pricing should be benchmarked to recent closed sales rather than asking prices; up price momentum year-over-year supports continuing appreciation.

2. The 309 median days on market indicates slower sales velocity and extended holding periods compared with typical fast-turn markets, which may indicate pricing friction or buyer selectivity and suggests sellers should expect longer time-to-contract and consider targeted price positioning; elevated interest rate pressure is likely increasing buyer sensitivity.

3. The 471 median price per square foot coupled with a 1,450 median market rent (both showing up trends where applicable) points to robust per-unit pricing and steady rent strength, implying that valuation models should prioritize price-per-foot comparables and that income-supporting narratives remain relevant.

4. Market balance appears largely neutral: the market temperature is neutral, which, together with slower transaction velocity and reports of increased inventory, suggests moderate transactional activity rather than a clear seller or buyer market; sellers should avoid aggressive premium asking prices and buyers should leverage due diligence to capture value.

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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.