Is Cincinnati, OH 45248 a buyer’s or seller’s market?
Cincinnati is a seller’s market. With about 2.2 months of supply and 33% 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 66% of U.S. ZIP codes, and #212 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, 33% of homes in Cincinnati, OH 45248 sold above their list price, the typical home went under contract in 46 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 120 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold more slowly (41 days then) and the median sale price rose 18% to $274,881. Overall, Cincinnati is less competitive than a year ago, which gives buyers more room.
Within Hamilton County, homes here sell more slowly than in 51% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Cincinnati ranks #212 of 489 OH ZIP codes with enough sales (score 63 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 45248
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 2.2 months of supply in Cincinnati, OH 45248 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 46 days in the latest three months.
Do homes in Cincinnati sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 99.3% 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 $274,881 in the three months ending August 31, 2026, about $172 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