Market Statistics for August 2024

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  • Median Sold Price
    2.7%
    $301,000
    $297,000 YTD 6.1% $280,000 Prior YTD

  • Units Sold
    3.1%
    1,676
    11,963 YTD 1.8% 11,755 Prior YTD

  • Total Sold Volume
    6.3%
    $605.11M
    $4.28B YTD 7.9% $3.97B Prior YTD

  • Active Inventory
    44.6%
    2,353

  • Median Days on Market
    20.0%
    6

  • New Listings
    48.6%
    2,190
  • Percent change is the comparison to the same month of the prior year.

Housing Market Sees Continued Growth in Greater Cincinnati

Market Statistics for August 2024: The median sold price increased by 2.7%, reaching $301,000, compared to $297,000 year-to-date (YTD). The number of units sold grew by 3.1%, totaling 1,676 units, with a YTD of 11,963 units, a 1.8% increase from 11,755 units in the prior YTD. Total sold volume rose by 6.3% to $605.11 million, with $4.28 billion YTD, up 7.9% from $3.97 billion in the prior YTD. Active inventory saw a significant increase of 44.6%, amounting to 2,353 units. Median days on the market fell by 20%, now at 6 days. New listings surged by 48.6%, reaching 2,190. All percent changes compare to the same month of the previous year.

Market Statistics for August 2024

FOR IMMEDIATE RELEASE 

 September 19, 2024 — Cincinnati, OH — Home sales activity and median prices rose across Butler, Hamilton and Warren counties in August compared to the same period a year ago, according to the REALTOR® Alliance of Greater Cincinnati. 

Home sales in August 2024 reached 1,676, a 3.1% increase from the 1,626 sales recorded during the month a year ago. The median sales price across the tri-county area reached $301,000, a 2.7% increase from the $293,000 mark posted in August 2023.  

 “The Greater Cincinnati housing marketplace is continuing to gain strength, as favorable interest rates and a rising inventory of homes listed for sale are giving consumers an array of opportunities to attain the American Dream of homeownership,” said REALTOR® Alliance of Greater Cincinnati President Tracy Dunne. “The uptick in sales activity and pricing is an indication that buyers understand that housing is a solid, long-term investment.”  

 Through the first eight months of the year, home sales activity in the region has increased 1.8% compared to January-August 2023. Year-to-date sales (January-August 2023) reached 11,963, up from the 11,755 homes sold a year ago. The median price during the period is $297,000, a 6.1% increase from the $280,000 mark set a year ago.  

 The data provided is compiled from activity reported in the Multiple Listing Service of Greater Cincinnati, including residential closings from new and existing single-family homes and condominiums. The REALTOR® Alliance of Greater Cincinnati represents more than 5,600 real estate professionals who subscribe to a strict Code of Ethics. 

REALTOR® Alliance of Greater Cincinnati provides the following graphics to allow members of the public to view several market performance metrics, such as units sold, closed prices, number of listings, and more. If you need more information, please contact Shawn Maus, Director of Communications and Marketing, at [email protected]. 

 

 

 

 

HAMILTON, BUTLER, CLERMONT, WARREN COUNTIES

Market Stats Overview PDF | jpeg

HAMILTON COUNTY

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Closed Sales PDF | jpeg
Days on Market PDF | jpeg
Median Sales PDF | jpeg
New Listings PDF | jpeg

BUTLER COUNTY

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Median Sales PDF | jpeg
Closed Sales PDF | jpeg
Days on Market PDF | jpeg
New Listings PDF | jpeg

CLERMONT COUNTY

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Median Sales PDF | jpeg
Closed Sales PDF | jpeg
Days on Market PDF | jpeg
New Listings PDF | jpeg

WARREN COUNTY

Market Stats Overview PDF | jpeg
Median Sales PDF | jpeg
Closed Sales PDF | jpeg
Days on Market PDF | jpeg
New Listings PDF | jpeg

ALL 61 OHIO COUNTIES

Market Stats Overview PDF | jpeg
Median Sales PDF | jpeg
Closed Sales PDF | jpeg
Days on Market PDF | jpeg
New Listings PDF | jpeg