Is Cincinnati, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cincinnati has remained a Seller's Market.
Housing Prices in Cincinnati, OH
How much do homes in Cincinnati, OH cost?
Median Sold Price
$259,363
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cincinnati was $259,363 in April 2024, up 3.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $204.5K | -11.1% |
2 Bedrooms | $167.5K | $196.2K | +17.1% |
3 Bedrooms | $215K | $250K | +16.3% |
4 Bedrooms | $380K | $325K | -14.5% |
5+ Bedrooms | $854.4K | $580K | -32.1% |
Summary: Cincinnati housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 32.1%.
Housing Supply in Cincinnati, OH
How many homes are available in Cincinnati, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
281 | 442 | +57.3% |
Summary: The Cincinnati real estate market had 442 homes for sale in April 2024, a 57.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 52 | 83 | +59.6% |
3 Bedrooms | 130 | 208 | +60.0% |
4 Bedrooms | 77 | 115 | +49.4% |
5+ Bedrooms | 15 | 29 | +93.3% |
Summary: The Cincinnati housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 59.6%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 49.4%, and 5+ bedroom homes increased by 93.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 129 | +79.2% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Cincinnati in April 2024, up by 79.2% month-over-month. Of the 129 sold homes, 37% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for Cincinnati, OH
How long does it take to sell a home in Cincinnati, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 32 Days | +18.0% |
Summary: Homes in Cincinnati had an average of 32 days on market in Apr 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 129 homes were sold in Cincinnati; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.