Cleveland, OH 44102 Real Estate Market Report

ZIP Code: 44102
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Cleveland, OH (ZIP: 44102) reflects a median sold price of $123,000, indicating a recent trend of price declines in the area. This represents a notable shift in market dynamics, particularly as the broader Cleveland market continues to appreciate. The neighborhood has decreased 8% since 2022, suggesting that sellers may need to adjust their expectations in light of current market conditions.

The market is characterized by elevated inventory levels relative to sales activity, with a median days on market of 218, indicating slower transaction velocity. While the market temperature remains hot, the combination of price declines and extended days on market may suggest emerging buyer leverage. This situation is compounded by elevated interest rate pressure, which may further influence buyer sentiment and market liquidity.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cleveland OH are around 6.33% to 6.67%, which is slightly higher than some reported 2026 origination rates around 6.32% to 6.6%, suggesting property owners locked in a favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $123,000 indicates a significant pricing adjustment in the market, reflecting a down trend.

2. With a median days on market of 218, properties are experiencing slower sales velocity, suggesting weak liquidity conditions.

3. The median listing price stands at $144,950, creating a notable pricing friction compared to the sold price, which may indicate seller resistance to market realities.

4. The median market rent is $1,296, which remains stable despite the moderate fluctuations in the sales market.

5. The market temperature is classified as hot, yet the combination of price declines and elevated inventory suggests a potential shift towards caution for sellers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.