Cincinnati, OH 45231 Real Estate Market Report

ZIP Code: 45231
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

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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, $214,900 median sold price, represents the most reliable snapshot of recent transaction activity and suggests prices are holding around that representative recent sale level.

2. With a $225,450 median listing price above the median sold price, there appears to be pricing friction between seller expectations and completed transactions, which may indicate that some listings are priced ahead of realized market value.

3. The 217 median days on market points to slower sales velocity and extended marketing periods, which—combined with the data context—suggests a relatively constrained active supply with measured transaction pace rather than rapid turnover.

4. Price trends are up year-over-year while rent trends are up and interest rate pressure is elevated, indicating strengthening home values alongside rising rental demand but with financing headwinds that may moderate buyer 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 45231 Real Estate Market Report

ZIP Code: 45231
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

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 indicator is the median sold price: 191,500, which anchors recent transaction-level value for SFR and condos and suggests pricing has been supported as the price trend is up.

2. The median days on market: 343 points to materially slower sales velocity versus typical market turnover and may indicate pricing friction or a longer negotiation window for sellers rather than immediate liquidity.

3. The median price per square foot: 157 combined with a median market rent: 1,695 and a rent trend that is up suggests rent-supported valuation for investor buyers, though investors should model holding periods given slower sales velocity.

4. Interest rate pressure is reported as elevated, and the market temperature is neutral; together these factors imply a balanced market where financing headwinds could constrain demand even as prices trend higher, so underwrite deals conservatively and prioritize properties with clear rent carry.

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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.