Cincinnati, OH 45231 Real Estate Market Report

ZIP Code: 45231
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Cincinnati, OH (ZIP: 45231) reflects a median sold price of $215,000, indicating a stable market environment. The neighborhood has increased up since 2023, showcasing a modest appreciation in home values. This price point, coupled with a median listing price of $232,499.50, suggests a notable gap between seller expectations and actual transaction values, which may lead to pricing friction in negotiations.

The current market conditions indicate elevated inventory levels relative to sales activity, with median days on market reaching 184 days. This extended time frame suggests a slower sales velocity, contributing to a more balanced negotiation environment. Despite these conditions, the rental market remains robust, supported by a median market rent of $1,510, reflecting strong demand for rental properties in the area. Overall, the market appears to be stabilizing, moving toward a neutral temperature, which is favorable for both buyers and sellers.

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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 the Cincinnati market around 5.875% are significantly lower than the 2026 average rate of 7.69%, indicating property owners locked in a favorable rate.

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 median sold price of $215,000 indicates a stable market with modest appreciation.

2. With a median days on market of 184, the market is experiencing slower sales velocity, suggesting a need for strategic pricing.

3. The median listing price of $232,499.50 highlights a gap between seller expectations and actual market transactions, which may create pricing friction.

4. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with more options.

5. The median market rent of $1,510 indicates strong rental demand, supported by positive local economic momentum.

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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.