OH · Metro #28

Cincinnati - OH housing market

The Cincinnati metro has a typical home value of $311,270, up 2.5% from a year ago. Homes are moving fast at 6 days on market - a strong seller's market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$311,270
+2.5% vs. year ago
Median sale price
$282,896
+7.1% YoY
Median list price
$311,600
Sale-to-list ratio
98.7%
Selling below ask
Days on market
6d
Listings w/ price cut
25.3%
New listings / mo
2,859
+9.8% YoY
Homes for sale
5,929
+15.5% YoY
Typical rent
$1,575/mo
+3.2% YoY
Context

How to read this data

The typical home value ($311,270) is the Zillow Home Value Index for the Cincinnati - OH metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.5% over the past year. In Cincinnati - OH, that means a home worth $303,678 last year is now worth roughly $311,270.

The median sale price , what homes actually close for , is $282,896. Homes are selling at 98.7% of list price, meaning buyers have room to negotiate.

Homes listed in Cincinnati - OH sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,859 new listings hit the market each month in Cincinnati - OH. There are currently 5,929 homes for sale, up 15.5% from a year ago.

The typical monthly rent in Cincinnati - OH is $1,575, up 3.2% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Get $50 Off Every Home Warranty
Related

Other metros in OH

MetroHome value1-yr changeDays on market
Columbus - OH$333,537 +1.2% 5.0d
Cleveland - OH$252,210 +4.3% 7.0d
Akron - OH$241,251 +4.3% 7.0d
Toledo - OH$203,726 +2.7% 7.0d
Youngstown - OH$175,405 +6.0% 12.0d
Canton - OH$218,776 +4.8% 7.0d
Get new posts in your inbox. No spam, unsubscribe anytime.