Cincinnati, OH 45227 Real Estate Market Report

ZIP Code: 45227
Report Date: April 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. The primary market value indicator, median sold price, is 299,900, signaling current transaction-level pricing for SFR and condo resale in 45227; the relative gap versus the median listing price of 345,000 suggests pricing friction where sellers may need to align expectations to recent sale outcomes.

2. Liquidity appears constrained to moderate: the long median days on market of 267 points to slower sales velocity, and with the market temperature described as neutral, well-priced homes may still transact but typically require longer listing periods.

3. Inventory dynamics in the analyzed sample indicate elevated inventory relative to sales activity, which may create excess supply pressure and increase the importance of competitive pricing even as the price year-over-year trend is up.

4. Rent and pricing signals both show upward momentum: median market rent is 1,775 and the rent year-over-year trend is up, while price year-over-year trend is also up; however, interest rate pressure is moderate, which may temper buyer financing capacity and extend decision timelines.

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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: April 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. Median sold price: $899,000 is the clearest indicator of current market value in 45227 and establishes recent transactions at a high price tier; given the neutral market temperature, this suggests pricing is supported but not rapidly accelerating.

2. Median days on market: 320 points to materially slower sales velocity and may indicate increased negotiation time or selective buyer activity; with a sample of 11 sold transactions analyzed, these slower days on market should be interpreted cautiously but do suggest pricing friction.

3. Median price per square foot: $469 confirms strong per-unit pricing relative to broad Cincinnati levels and implies that well-located, well-maintained SFR and condo product can command premium ppsf; sellers should expect buyers to scrutinize condition and comparables.

4. Market context shows price year-over-year trend: up and rent year-over-year trend: up while interest rate pressure: moderate; combined with increasing inventory signals, this mix suggests a balanced market where competitively priced and well-prepared homes sell, but less competitive listings may face moderate resistance and longer time to close.

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Notable Properties

The following 5 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.