Cincinnati, OH 45238 Real Estate Market Report

ZIP Code: 45238
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Cincinnati, OH (ZIP: 45238) stands at $224,900, reflecting a competitive market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite this upward trajectory in sold prices, the market exhibits elevated inventory levels, suggesting a potential shift towards a more balanced market as buyer demand may be tempered by moderately elevated interest rates and slower sales velocity.

With a median listing price of $212,400, there is a notable gap between listing and sold prices, which may indicate pricing friction as sellers adjust expectations. The median days on market is 191, highlighting a slower transaction pace, which could further suggest that buyers are taking their time in making purchasing decisions amidst moderate interest rate pressure. Overall, the market appears to be stabilizing, with a neutral temperature indicating a balanced dynamic between supply and demand.

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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 near 5.99% in Cincinnati OH are 0.52% lower than the 6.51% average recorded one year ago for property owners in this market.

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 $224,900 reflects a competitive market, with prices up since 2023.

2. Elevated inventory levels suggest excess supply relative to sales activity, indicating potential pricing adjustments.

3. The median days on market of 191 indicates a slower sales velocity, which may affect buyer engagement.

4. The median listing price of $212,400 shows a gap compared to sold prices, suggesting potential pricing friction for sellers.

5. Moderate interest rate pressure may be impacting buyer power, contributing to a neutral market temperature.

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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.