Cleveland, OH 44105 Real Estate Market Report

ZIP Code: 44105
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Cleveland, OH (ZIP: 44105) is currently characterized by a median sold price of $79,000, reflecting modest price appreciation. Although there is no available historical sold price change percentage, the market appears to be experiencing stable conditions with a median days on market of 184, indicating slower sales velocity. This extended time frame may suggest pricing friction, where properties are taking longer to sell despite the current market dynamics.

Inventory levels are elevated, with a notable gap between the median listing price of $99,900 and the sold prices, indicating potential seller expectations that may not align with buyer willingness. The market temperature is assessed as neutral, suggesting a balanced environment where supply and demand are relatively stable, but the presence of elevated inventory could lead to increased competition among sellers. Rental demand remains strong, with a median market rent of $1,296, which is also on the rise, further supporting the overall market health.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cleveland, OH are averaging 6.38% as of March 2026, which is 0.27% higher than the 6.11% average seen in March 2025.

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 $79,000 indicates a stable market with modest price appreciation.

2. With a median days on market of 184, properties are experiencing slower sales velocity, which may suggest pricing friction.

3. The median listing price of $99,900 shows a significant gap compared to sold prices, indicating potential misalignment between seller expectations and buyer demand.

4. Rental demand is strong, as evidenced by a median market rent of $1,296, which is increasing, supporting overall market strength.

5. The market temperature is assessed as neutral, suggesting balanced conditions between supply and demand despite elevated inventory levels.

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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.