Cincinnati, OH 45251 Real Estate Market Report
ZIP Code: 45251
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.
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
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.
Rental Market
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
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.
Key Findings
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The primary indicator of recent market value is the median sold price of 225,000, which represents the most reliable signal of transaction-level pricing in the neighborhood and should be prioritized over asking prices when appraising SFR and condominium opportunities.
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There is a notable gap between median listing price of 199,000 and the median sold price of 225,000, which may indicate pricing friction or sample variation between seller expectations and completed transactions; assess comparable closed sales closely rather than relying solely on active listings (balanced listing-sold gap).
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Extended selling timelines are evident with a median days on market of 276, which suggests slower sales velocity and pricing or liquidity headwinds that may require targeted marketing, minor price adjustments, or buyer incentives to accelerate closings.
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Market context supports continued appreciation: the price year-over-year trend is up while rent year-over-year trend is up, and the market temperature is neutral, with interest rate pressure moderate—together these signals imply steady value growth but a measured pace of transactions (up for price and rent trends, neutral market temperature).
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Cincinnati, OH 45251 Real Estate Market Report
ZIP Code: 45251
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.
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
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.
Rental Market
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
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.
Key Findings
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The neighborhood's primary market value signal is the 141,000 median sold price, which, combined with a 359 median days on market, suggests a representative recent sale level but slower sales velocity that may require realistic pricing to close transactions.
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Despite steady price appreciation (price year-over-year trend: up), the 359 median days on market indicates lingering liquidity frictions and suggests sellers may need to accommodate longer marketing periods or price concessions to achieve sale.
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Pricing density is centered around 131 median price per square foot while rental fundamentals show a 1,695 median market rent and rent year-over-year trend up, which supports investor interest but also underscores the importance of aligning sale pricing with income potential.
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Market temperature is reported as neutral with interest rate pressure characterized as moderate, implying a balanced buyer-seller dynamic where elevated listing duration and stable rents create cautious opportunity for buyers and selective pricing power for sellers.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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