Cincinnati, OH 45247 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

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.

Property Taxes

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.

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 market indicator, the median sold price, is $365,000, which represents the transaction-level anchor for current value in ZIP 45247 and should be the principal reference for valuation and comps (transaction-level).
2. There is a large spread between the median listing price ($629,000) and the median sold price ($365,000), which suggests pricing friction and that seller expectations may be above what recent buyers are paying, creating negotiation space for purchasers.
3. Liquidity appears slow as indicated by a high median days on market of 297, which, combined with a relatively constrained active supply in the analyzed sample, suggests slower sales velocity even though the overall market temperature is described as neutral.
4. Rental fundamentals are supportive for investors: the median market rent is $1,415 and rent year-over-year trend is up; however, elevated interest rate pressure (current average 30-year fixed ~6.63%) increases financing costs and should be factored into underwriting and hold/exit assumptions.

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.