Is Terrace Park, OH 45174 a buyer’s or seller’s market?
Terrace Park is a seller’s market. With about 3.7 months of supply and 43% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Terrace Park housing market right now
In the three months ending August 31, 2026, 43% of homes in Terrace Park, OH 45174 sold above their list price, the typical home went under contract in 36 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold about as fast and the median sale price rose 12% to $843,635. Overall, Terrace Park is more competitive than a year ago, so tougher for buyers.
Within Hamilton County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Cincinnati 45232 (0% sold over asking) or Cincinnati 45203 (0% sold over asking), while Camp Dennison 45111 (100% sold over asking) and Cincinnati 45218 (54% sold over asking) are even more competitive.
Run the numbers for 45174
Nearby markets
Addyston 45001Seller’s market $84 /sq ftCamp Dennison 45111 $219 /sq ftCincinnati 45202Buyer’s market $278 /sq ftCincinnati 45203Buyer’s market $185 /sq ft Browse all markets →Towns like Terrace Park nearby
Find towns like Terrace Park in other states →Where Terrace Park is
Loading map…
Questions about Terrace Park real estate
Is Terrace Park a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Terrace Park, OH 45174 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Terrace Park?
The typical home went under contract in 36 days in the latest three months.
Do homes in Terrace Park sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 101.7% of the list price.
What are property taxes in Terrace Park?
About 1.51% of a home’s value a year in Hamilton County, or roughly $6,040 on a $400,000 home.
What is the median home price in Terrace Park?
The median sale price was $843,635 in the three months ending August 31, 2026, about $359 per square foot.
Local agents
See all agents in 45174 →No sponsored agents in 45174 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 45174
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology