Cincinnati, OH 45237 Real Estate Market Report

ZIP Code: 45237
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 the 45237 area are averaging 6.42%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 neighborhood's primary indicator, median sold price, is $219,900, which establishes recent transaction value and suggests that realized prices are stronger than current asking levels in some cases.

2. There is a meaningful gap between the median listing price of $194,900 and the median sold price of $219,900, which may indicate pricing friction where sellers' asking expectations differ from final transaction outcomes; consider pricing strategies that reflect recent sold comps.

3. The market shows a long sales cycle with a median days on market of 305, which points to slower sales velocity and may require more aggressive marketing or concession strategies to improve liquidity.

4. Market context signals: price trends are up, rent trends are up, market temperature is neutral (balanced), and interest rate pressure is elevated (elevated), with local 30-year mortgage rates averaging 6.42% — factor rising financing costs into pricing and buyer qualification assumptions.

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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 45237 Real Estate Market Report

ZIP Code: 45237
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 45237 area are averaging 6.42%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 neighborhood's median sold price is $198,000, which serves as the primary indicator of recent market value; paired with a median days on market of 358, this suggests slower sales velocity and potential pricing friction for SFR and condo transactions.

2. Despite year-over-year price movement showing up, the market temperature is neutral, indicating a balanced environment where recent sold prices are rising but not producing aggressive competition; sellers may need realistic pricing to convert listings into closed sales. up

3. Interest rate pressure is elevated and current 30-year fixed mortgage rates in the area are averaging 6.42%, which may constrain affordability and keep some buyers sidelined; investors and owner-occupiers should factor financing costs into offer strategies. elevated

4. Median price per square foot is $123 while median market rent is $1,095; rising rent trends (rent year-over-year trend: up) suggest strengthening rental demand even as sales liquidity appears measured—this supports consideration of buy-to-rent scenarios but not without accounting for higher borrowing costs. up

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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.