Cleveland, OH 44102 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in Cleveland, OH (ZIP: 44102) reflects a median sold price of $129,950, which indicates a competitive landscape despite localized price declines. The market appears to be experiencing a hot temperature, suggesting strong buyer interest, although the absence of year-over-year price trend data limits a comprehensive understanding of price movements.

The current market conditions are characterized by elevated inventory levels relative to sales activity, with a median days on market of 181 days, indicating slower sales velocity. This extended time frame for properties on the market may suggest pricing friction, as sellers adjust expectations in response to the prevailing market dynamics. Elevated interest rates are likely contributing to constrained inventory supply, further complicating the market landscape.

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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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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 the Cleveland OH 44102 area average around 5.875% to 6.09%, which is slightly lower than the rates typical for 2026 originations.

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 $129,950 indicates a significant gap compared to the median listing price of $152,450, suggesting potential pricing friction in the market.

2. With a median days on market of 181, properties are experiencing slower sales velocity, which may indicate a need for sellers to adjust their pricing strategies.

3. The market temperature is classified as hot, reflecting strong buyer interest despite the challenges posed by elevated interest rates.

4. Elevated inventory levels are present, suggesting excess supply relative to sales activity, which may pressure pricing in the near term.

5. The median market rent of $1,296 indicates a stable rental environment, although the year-over-year rent trend is reported as down, which may affect investor sentiment.

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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.