Cincinnati, OH 45229 Real Estate Market Report

ZIP Code: 45229
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.

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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

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cincinnati 45229 are averaging 6.4%, which is approximately 0.4% higher than the 6.0% average observed when many loans originated in early 2026.

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 primary indicator, median sold price, is 272,950, which represents recent transaction value and—when contrasted with the median listing price of 419,900—suggests a notable gap between seller expectations and realized sale prices, indicating pricing friction in the market.

2. The market shows extended marketing times with median days on market at 292, which points to slower sales velocity and may indicate that sellers should expect longer listing periods before achieving a representative recent sale.

3. With a median price per square foot of 151 and the market temperature reported as neutral, conditions appear balanced overall—transactions are occurring but without strong directional pressure, supporting a neutral market stance for pricing and negotiation.

4. Interest rate pressure is elevated (property rate comparison notes current 30‑year averages at 6.4% versus 6.0% earlier), and rent year‑over‑year trend is up, which together suggest financing costs are a headwind while rental demand and rents remain supportive for investors and owners, creating a mixed signal for near‑term transaction activity.

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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 45229 Real Estate Market Report

ZIP Code: 45229
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.

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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 Cincinnati 45229 are averaging 6.4%, which is approximately 0.4% higher than the 6.0% average observed when many loans originated in early 2026.

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 primary market indicator, the median sold price, is 144,000, which together with an observed up price year-over-year trend suggests transaction-level pricing is modestly appreciating and should be treated as the reference point for valuation and comparable selection.

2. The median days on market of 356 signals notably slower sales velocity; this extended marketing time appears to increase the importance of condition and pricing accuracy and may indicate moderate liquidity friction rather than an acute market collapse.

3. The neighborhood’s median price per square foot is 128 while the median market rent is 1,395; rising rents (up) reinforce demand for income-producing units, but investors should weigh rental strength against the slower sales pace and current financing dynamics.

4. Market conditions are best characterized as neutral (market temperature), with elevated interest rate pressure (elevated) — this combination suggests a balanced market where precise pricing and financing strategy will materially affect transaction outcomes.

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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.