Cincinnati, OH 45229 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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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.

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.