Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only on the right house. Neither side has the upper hand in Cincinnati right now.
Neither side has the upper hand in Cincinnati. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.
Only 83 out of every 100 homes for sale have found a buyer. The other 17 are still waiting. Your offer may be the only one on the table. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.
A typical Cincinnati home takes 40 days to find a buyer. Half of them take even longer. That is 21% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 1,473 homes for sale in Cincinnati. That is 2.8 times the tightest month on record, but below the peak of 2,829. Supply is growing against last year.
Asking prices are 28.6% below their May 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Cincinnati prices have risen in 82 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
Only on the right house. Neither side has the upper hand in Cincinnati right now. 0.83 out of every 100 homes for sale have a buyer, 19% of sellers have cut their price, and a typical home takes 40 days to sell.
Asking prices are 28.6% below their May 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
+1.2%/yr. 1 year: -1.2% · 5 years: +1.2% · ten years: +6.2%. Do not use the ten-year rate. Most of that growth landed in the 2020 and 2021 boom. The five-year rate is what Cincinnati does without one. Underwrite closer to +1.2%. Measure growth per square foot. Cincinnati median list price grew 3.7% a year, but price per square foot grew 6.2%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.
A typical Cincinnati home takes 40 days to find a buyer. Half of them take even longer. That is 21% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
45216. Only 88 out of 100 homes there have a buyer, 47% have cut their price, and a typical home takes 47 days to sell.
Where it isn't: 45247 ranks #802 in the country for buyer demand. Expect the least room to negotiate there.
No ZIP is on both lists. In Cincinnati you pick leverage or growth. You cannot have both.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 45204 | +34.2% | $125 | 0.59 | 17 |
| 45225 | +32.8% | $126 | 0.42 | 16 |
| 45246 | +22.0% | $189 | 1.03 | 15 |
| 45215 | +20.8% | $198 | 1.45 | 39 |
| 45248 | +18.0% | $192 | 1.00 | 45 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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