Is Cincinnati, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cincinnati is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Cincinnati was a Seller's Market.

Key Takeaway

Cincinnati is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Cincinnati, OH cost?

Median Sold Price

$220,000

$144/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$7,283(-3.2%)

Key Takeaway

Homes in Cincinnati have sold for 3.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 $225K$150K
-33.3%
2 $189.7K$200.6K
+5.7%
3 $227.8K$229K
0.5%
4 $245K$267.4K
+9.2%
5+ $303.5K$147.2K
-51.5%

Median Sold Price Compared To Nearby Cities

Saint Bernard
+86.7%
Cincinnati
-3.2%
Norwood
-9.4%

How many homes are available in Cincinnati, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
1,3131,223-6.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 4137
-9.8%
2 300299
-0.3%
3 621558
-10.1%
4 247231
-6.5%
5+ 10498
-5.8%

Number of Homes Sold

Oct 2022Nov 2022%
268195-27.2%

Asking Price vs. Sold Price

111 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

55 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cincinnati, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
19 Days20 Days+9.2%

Breakdown of Home Sale Times

152 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cincinnati are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cincinnati, OH

Cincinnati, OH has 1,223 homes for sale to choose from. In November 2022 in Cincinnati, OH there were 6.9% less homes for sale than in October 2022. The median list price of listings available in November 2022 was $220,000, while the average time on the real estate market was 20 days. This housing market listing prices have changed between November 2021 and November 2022: the cost of 1 bedroom properties went down by 33.3%, 2 bedrooms properties prices increased by 5.7%, prices of 3 bedrooms properties increased by 0.5%, prices of 4 bedrooms properties increased by 9.2%, prices of 5 bedrooms properties went down by 51.5%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 9.8%, 2 bedrooms homes became 0.3% less available, the quantity of 3 bedrooms homes went down by 10.1%, 4 bedrooms homes inventory decreased by 6.5%, the quantity of 5 bedrooms homes went down by 5.8%. In November 2022, from all listings sold in Cincinnati, OH there were more than 55 sold above asking price, over 111 sold below and more than 29 were sold right at the asked price.

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