Is Cincinnati, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$255,555
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cincinnati was $255,555 in March 2024, up 1.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $220K | -4.3% |
2 Bedrooms | $170K | $191.7K | +12.8% |
3 Bedrooms | $215K | $250K | +16.3% |
4 Bedrooms | $378.6K | $329.9K | -12.9% |
5+ Bedrooms | $850K | $554K | -34.8% |
Summary: Cincinnati housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 16.3%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 34.8%.
Housing Supply in Cincinnati, OH
How many homes are available in Cincinnati, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
227 | 201 | -11.5% |
Summary: The Cincinnati real estate market had 201 homes for sale in March 2024, a 11.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 45 | 42 | -6.7% |
3 Bedrooms | 107 | 87 | -18.7% |
4 Bedrooms | 54 | 54 | 0.0% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Cincinnati housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 65 | -1.5% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Cincinnati in March 2024, down by 1.5% month-over-month. Of the 65 sold homes, 57% were sold under asking, 12% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 64 Days | +46.5% |
Summary: Homes in Cincinnati had an average of 64 days on market in Mar 2024, up by 46.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in Cincinnati; 12% of homes were sold within 30 days, 66% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.