May 2024 Home Sales Report for Hamilton, Butler, Warren, and Clermont Counties

Market Statistics for May 2024

Median Sold Price
3.7%

$310,000

$290,000 YTD 7.4% $270,000 Prior YTD
Units Sold
9.4%

1,852

6,857 YTD 4.1% 6,590 Prior YTD
Total Sold Volume
17.7%

$702.03^M

$2.4^B YTD 12.4% $2.13^B Prior YTD
Active Inventory
28.3%

1,815
Median Days on Market
0%

3
New Listings
1.8%

2,182
Percent change is the comparison to the same month of the prior year.

Greater Cincinnati Real Estate Market Shows Steady Growth in May 2024

Cincinnati, OH – June 14, 2024—The Greater Cincinnati real estate market demonstrated notable growth in May 2024, according to the latest data from the Multiple Listing Service (MLS) of Greater Cincinnati. The report highlights significant increases in various market metrics, underscoring a strong performance in the region’s housing sector.

The total sold volume for May 2024 reached an impressive $701,262,515, contributing to a year-to-date (YTD) total of $2,394,094,973. This represents a 12.3% increase compared to the prior YTD figure of $2,131,736,585. The median sold price for single-family residences and condominiums in the selected four counties also saw a rise, standing at $310,000, which is a 3.7% increase from the previous year.

Key highlights from the report include:

Units Sold: 1,852 units were sold in May 2024, marking a 9.4% increase compared to the same month last year.
New Listings: There were 2,182 new listings, an increase of 17.6% from the previous year.
Active Inventory: The active inventory experienced a 28.3% rise, totaling 1,815 units.
Median Days on Market: The median days on the market remained steady at three days, indicating continued high demand and swift transactions.

Tracy Dunne, President of the REALTOR® Alliance of Greater Cincinnati, commented on the encouraging trends: “The consistent growth in our real estate market is a testament to the resilience and attractiveness of the Greater Cincinnati area. Our community continues to thrive, offering valuable opportunities for both buyers and sellers. The increase in new listings and active inventory is particularly promising, as it reflects a healthy and dynamic market environment.”

These statistics are a positive indicator for the local economy, suggesting robust activity and confidence in the housing market. As the region continues to develop, the REALTOR® Alliance of Greater Cincinnati remains committed to supporting sustainable growth and providing valuable resources to its members and the community.

For more information about the Greater Cincinnati real estate market or to speak with a representative, please contact:

REALTOR® Alliance of Greater Cincinnati has provided 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

BUTLER COUNTY

CLERMONT COUNTY

WARREN COUNTY

ALL 61 OHIO COUNTIES