$2,969 Closing Credit*
$250,000
1,110 SqFt
3 Beds
•1 Full Bath
Bruce Senters, Listing Office: ERA REAL Solutions Realty, LLC
Is Cincinnati, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cincinnati has remained a Seller's Market.
Key Takeaway
Cincinnati is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cincinnati, OH
How much do homes in Cincinnati, OH cost?
Median Sold Price
$235,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,444(-8.0%)
Key Takeaway
Homes in Cincinnati have sold for 8% less than they did a year ago.
Summary: The median home sold price in Cincinnati was $235,000 in October 2024, down 8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $181K | -25.4% |
| 2 Bedrooms | $175K | $180.2K | +3.0% |
| 3 Bedrooms | $250K | $232.3K | -7.1% |
| 4 Bedrooms | $337K | $319K | -5.3% |
| 5+ Bedrooms | $691K | $425K | -38.5% |
Summary: Cincinnati housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.4%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 38.5%.
Housing Supply in Cincinnati, OH
How many homes are available in Cincinnati, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 322 | +94.0% |
Summary: The Cincinnati real estate market had 322 homes for sale in October 2024, a 94.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 35 | 73 | +108.6% |
| 3 Bedrooms | 69 | 140 | +102.9% |
| 4 Bedrooms | 39 | 71 | +82.1% |
| 5+ Bedrooms | 20 | 32 | +60.0% |
Summary: The Cincinnati housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 108.6%, 3 bedroom homes increased by 102.9%, 4 bedroom homes increased by 82.1%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 54 | +134.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cincinnati, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Cincinnati in October 2024, up by 134.8% month-over-month. Of the 54 sold homes, 41% were sold under asking, 26% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 12 Days | -11.6% |
Summary: Homes in Cincinnati had an average of 12 days on market in Oct 2024, down by 11.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cincinnati are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 54 homes were sold in Cincinnati; 56% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2024 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 DABR MLS. All Rights Reserved