OH · Metro #28

Cincinnati - OH housing market

The Cincinnati metro has a typical home value of $308,063, up 2.6% from a year ago. Homes are moving fast at 8 days on market - a strong seller's market. 24% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$308,063
+2.6% vs. year ago
Median sale price
$279,552
+5.7% YoY
Median list price
$303,800
Sale-to-list ratio
98.2%
Selling below ask
Days on market
8d
Listings w/ price cut
23.6%
New listings / mo
2,324
+5.6% YoY
Homes for sale
5,341
+13.0% YoY
Typical rent
$1,557/mo
+3.6% YoY
Context

How to read this data

The typical home value ($308,063) 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 2.6% over the past year. In Cincinnati - OH, that means a home worth $300,256 last year is now worth roughly $308,063.

The median sale price , what homes actually close for , is $279,552. Homes are selling at 98.2% of list price, meaning buyers have room to negotiate.

Homes listed in Cincinnati - OH sit on the market for roughly 8 days before going pending. Shorter = seller's market; longer = buyer's market.

About 23.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 2,324 new listings hit the market each month in Cincinnati - OH. There are currently 5,341 homes for sale, up 13.0% from a year ago.

The typical monthly rent in Cincinnati - OH is $1,557, up 3.6% 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.

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Related

Other metros in OH

MetroHome value1-yr changeDays on market
Columbus - OH$329,878 +1.2% 9.0d
Cleveland - OH$248,141 +4.4% 8.0d
Akron - OH$237,677 +4.1% 9.0d
Toledo - OH$199,124 +2.5% 9.0d
Youngstown - OH$172,767 +5.8% 17.0d
Canton - OH$214,195 +4.7% 10.0d
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