Is Cincinnati, OH 45240 a buyer’s or seller’s market?
Cincinnati is a seller’s market. With about 3.2 months of supply and 45% 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.
More competitive than 70% of U.S. ZIP codes, and #176 of 489 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cincinnati housing market right now
In the three months ending August 31, 2026, 45% of homes in Cincinnati, OH 45240 sold above their list price, the typical home went under contract in 48 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 66 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (45% then), homes sold more slowly (41 days then) and the median sale price fell 2% to $264,885. Overall, Cincinnati is about as competitive as it was a year ago.
Within Hamilton County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell more often over asking than in 92%. On our competition score, Cincinnati ranks #176 of 489 OH ZIP codes with enough sales (score 66 out of 100).
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 45240
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 Cincinnati nearby
Find towns like Cincinnati in other states →Where Cincinnati is
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Questions about Cincinnati real estate
Is Cincinnati a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Cincinnati, OH 45240 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 Cincinnati?
The typical home went under contract in 48 days in the latest three months.
Do homes in Cincinnati sell over asking?
45% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Cincinnati?
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 Cincinnati?
The median sale price was $264,885 in the three months ending August 31, 2026, about $157 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology