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.
In Cincinnati, 42 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 43 in 100. Cincinnati added about 700 renter households in five years. Renter households average 2.0 people. Singles and couples rent here. Two bedrooms beat four.
Households grew 4% in five years. The housing stock held flat. Demand is outrunning supply. 7.0% of homes sit empty. That is normal for a healthy market.
The median Cincinnati household earns $75,171 a year. Incomes here have grown 4.7% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 4.7 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. A tenant on the median income can pay about $1,879 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Only on the right house. Neither side has the upper hand in Cincinnati right now. 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.
Assume +1.2% a year. Cincinnati grew 6.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Cincinnati grows about 1.2% a year. That is the number to type in. Prices fell 1.2% over the last year. That is a timing signal, not a trend.
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.
In Cincinnati, 42 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 43 in 100. 7.0% of homes sit empty. That is normal for a healthy market.
A tenant on the median income can pay about $1,879 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Cincinnati household earns $75,171 a year.
45216. Only 88 out of 100 homes there have a buyer. 47% of sellers there 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.
Cincinnati has 58 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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