Homes for Sale in Cincinnati, OH with Newest Listings | realtor.com® (2024)

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What is the average house cost in Cincinnati, Ohio? ›

Cincinnati, OH housing market

In May 2024, the median listing home price in Cincinnati, OH was $295K, trending up 1.8% year-over-year. The median listing home price per square foot was $179. The median home sold price was $237K.

Cincinnati ranked number 1, with an overall score of 6.4 out of 10. The city ranked 50th in overall best places to live in the country. The report noted its schooling systems, rich heritage and popular events. The city ranked 6.7 out of 10 in quality of life, 7.4 out of 10 in value.

Median Home Value

According to Realtor.com's data, the Cincinnati real estate market is a hot seller's market as of April 2024. The median listing price is $285,000, up 5.6% year over year, and the median sold price is $250,000. The main reason for the upward pressure on home prices in Cincinnati is limited inventory.

The average cost to build a new house in Ohio is $111.24 per square foot, with prices ranging from $100 to $250 per square foot. For a 2,000-square-foot home, the average construction cost is $222,480, while the total cost to build a home in the state falls between $200,000 and $500,000.

The months from March to June are the best time to buy a house in Ohio. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

Cincinnati Real Estate Market Forecast for 2024

Looking ahead to the rest of 2024, the Greater Cincinnati real estate market is poised for continued growth. While the pace of price increases may slow down, the demand for housing in both Ohio and Northern Kentucky parts of the region is expected to remain strong.

You meet credit score requirements: Conventional, USDA and VA Loans: 640 or higher. FHA Loans: 650 or higher.

How to buy a house with no money down in Ohio? ›

USDA home loans are backed by the US Government. These loans provide 100% financing and require no down payment. They are designed to help buyers find properties with populations under 35,000 and provide up to $417,000.00 towards your home.

Wholesaling. Wholesaling is when you can find a property below market, put in a bid for it and get it under contract. Then you can assign the purchase contract to an investor at a profit. You may only need $1,000 in earnest money to enter into a contract on a property for sale and then flip the contract to someone else ...

The cost of living in Cincinnati, OH is 6% higher than the state average and 3% lower than the national average. Cincinnati, OH housing is 15% cheaper than the U.S average, while utilities are about 1% less pricey.

Research states Ohio's living cost is 11% lower than the national average. According to Numbeo.com, the average cost of living in Ohio per year for a family of four is just over $48,000. For a single person, this drops to $13,727. However, it should be noted this does not include the cost of rent.