OH · Metro #28

Cincinnati - OH housing market

The Cincinnati metro has a typical home value of $313,303, up 2.5% from a year ago. Homes are moving fast at 6 days on market, a strong seller's market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$313,303
+2.5% vs. year ago
Median sale price
$286,881
+7.5% YoY
Median list price
$318,233
Sale-to-list ratio
99.3%
Selling below ask
Days on market
6d
Listings w/ price cut
27.2%
New listings / mo
3,029
+8.6% YoY
Homes for sale
6,304
+14.4% YoY
Typical rent
$1,583/mo
+2.9% YoY
Context

How to read this data

The typical home value ($313,303) 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 $305,661 last year is now worth roughly $313,303.

The median sale price , what homes actually close for , is $286,881. Homes are selling at 99.3% 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 27.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 3,029 new listings hit the market each month in Cincinnati - OH. There are currently 6,304 homes for sale, up 14.4% from a year ago.

The typical monthly rent in Cincinnati - OH is $1,583, up 2.9% 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$335,357 +1.3% 6.0d
Cleveland - OH$255,598 +4.1% 7.0d
Akron - OH$245,312 +4.4% 7.0d
Toledo - OH$206,185 +2.9% 7.0d
Youngstown - OH$180,319 +6.2% 13.0d
Canton - OH$220,212 +4.8% 7.0d
Get new posts in your inbox. No spam, unsubscribe anytime.