Cincinnati, OH 45231 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

Property Taxes

Liquidity & Velocity

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 of recent transaction activity is the median sold price, which is $183,000, reflecting realized market value and a market price trend that is up.
2. There is a gap between the median listing price of $197,450 and the median sold price of $183,000, which may indicate seller pricing optimism and pricing friction that buyers can use to negotiate toward realized values.
3. Liquidity is slow relative to fast-turn markets: the median days on market is 216, suggesting slower sales velocity and that transactions may take longer to close even as demand remains steady.
4. Rental fundamentals remain supportive with a median market rent of $1,495 and rents trending up; financing costs are elevated with 30-year fixed rates averaging 6.63%, creating moderate interest rate pressure on buyers and investors.

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.