Cincinnati, OH 45247 Real Estate Market Report

ZIP Code: 45247
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

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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.

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Key Findings

1. The primary market indicator, median sold price, is $353,000, which should be treated as the representative recent sale level and suggests realized market value is close to asking; the difference versus the $349,450 median listing price appears modest and may indicate relatively balanced pricing between sellers and buyers.

2. The market shows slow transaction velocity with a median days on market of 304, which may indicate pricing friction or prolonged negotiation windows rather than immediate demand-driven turnover; this suggests moderate transaction volume and potential opportunities for buyers to negotiate.

3. Pricing density is moderate with a median price per square foot of $188, while rents are strengthening—median market rent is $1,250 and rent year-over-year trend is up—which may support investor interest where rental economics align with purchase pricing.

4. Price momentum is positive—price year-over-year trend is up—but interest rate pressure is described as moderate, a cautionary signal that may temper buyer urgency and help maintain the marketTemperature as neutral; combined, these factors point to a balanced market that may lean slightly toward buyers due to inventory dynamics.

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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 45247 Real Estate Market Report

ZIP Code: 45247
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.

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Key Findings

1. median sold price: $180,000 is the primary indicator of market value and recent transactions in 45247, representing the most reliable signal for pricing strategy when listing or valuing SFR and condo inventory; use recent closed-sales comps to set realistic ask prices and avoid listing-price gaps.

2. median days on market: 330 suggests slower sales velocity and extended time-to-contract relative to faster markets, which may indicate pricing friction or buyer selectivity; expect longer marketing periods and plan for staged price or condition adjustments if properties do not attract offers.

3. median price per square foot: $148 combined with the observed median market rent of $980 provides current unit-level pricing context for investors and owner-occupiers evaluating cost per area and rental income potential; rental growth is rising so consider rental projections when assessing holding strategies.

4. Price trends and market forces show a local environment where price year-over-year trend is up while market temperature is neutral and interest rate pressure is moderate; this mix suggests a balanced market leaning slightly toward buyers with moderate financing headwinds—structure offers and concessions accordingly.

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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.