Cleveland, OH 44105 Real Estate Market Report

ZIP Code: 44105
Report Date: February 2026
Market Temperature: NEUTRAL
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 44105 is characterized by a median sold price of $79,900, reflecting a recent price softening. This marks a notable shift in the market dynamics, particularly as the area was previously identified as a seller's market in late 2025. The neighborhood has decreased 8% since 2022, indicating a trend of declining values that may impact seller expectations moving forward.

Transaction activity appears to be moderate, with elevated inventory levels suggesting excess supply relative to sales. The median days on market stands at 153 days, indicating slower sales velocity and potential pricing friction. Despite these challenges, the local market is supported by improving affordability and anticipated lower mortgage rates, which may bolster demand in the coming months.

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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 the Cleveland OH 44105 area average 5.875% to 6.38% compared to a national average of 6.17% in mid-February 2026, suggesting a slight local rate advantage or stability compared to recent national trends.

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 is $79,900, reflecting a decrease of 8% since 2022.

2. With a median days on market of 153, the market is experiencing slower sales velocity compared to previous periods.

3. The median listing price is $89,850, indicating a significant gap between asking and sold prices, suggesting potential pricing friction.

4. The median market rent is $1,296, which is up year-over-year, indicating a strengthening rental market.

5. Current mortgage rates in the area average between 5.875% and 6.38%, providing a slight local rate advantage compared to the national average of 6.17%, suggesting moderate interest rate pressure.

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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.