Cincinnati, OH 45247 Real Estate Market Report

ZIP Code: 45247
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: 45247) stands at $355,000, reflecting a stable market despite recent fluctuations. This price point indicates a robust demand for properties, although the market appears to be transitioning toward a more balanced state. The neighborhood has increased 15% since 2023, suggesting that while prices are appreciating, the pace may be moderating as inventory levels rise.

Current market conditions reveal 267 days on market, indicating slower sales velocity and a potential shift in buyer sentiment. Elevated inventory levels suggest that buyers are gaining more negotiating power, with many transactions occurring below list price. This dynamic may lead to a more cautious approach from sellers as they adjust expectations in response to market realities.

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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

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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 Cincinnati market around 5.99% are notably lower than the national average of 6.09% reported for late February 2026.

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 listing price is $334,900, indicating a slight gap between asking and selling prices, which may suggest pricing friction.

2. With a median days on market of 267, properties are experiencing slower sales velocity, reflecting a shift in buyer engagement.

3. The median price per square foot is $174.15, which remains stable, yet indicates that buyers are becoming more selective in their purchases.

4. The median market rent is $1,540, showing that rental prices are increasing, which may attract more investors to the area.

5. The market temperature is currently neutral, suggesting a balanced market where both buyers and sellers have equal negotiating power.

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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.