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

In Cleveland, OH (ZIP: 44105), the median sold price stands at $81,000, reflecting a decrease in market value over the past year. This decline indicates potential pricing friction as sellers adjust expectations in response to market conditions. Despite this, the median listing price is notably higher at $89,999, suggesting a gap between seller aspirations and buyer willingness to pay. The market is characterized by 154 days on average for properties to sell, indicating a slower sales velocity and a potential oversupply of listings relative to demand.

The overall market temperature is classified as neutral, with moderate transaction volume observed. Elevated inventory levels may suggest that buyers are exercising caution, leading to a more balanced but slower market dynamic. The rental market, while robust overall, has shown signs of cooling in this specific area, which could further influence buyer sentiment as easing interest rates are expected to stimulate activity in the near future.

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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

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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 market average around 6.01% as of February 2026, which is 0.84% lower than the 6.85% average from one year ago.

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 $81,000 indicates a decrease in market value, reflecting potential pricing adjustments by sellers.

2. With a median listing price of $89,999, there is a noticeable gap between asking prices and actual sales, suggesting pricing friction in the market.

3. Properties are spending an average of 154 days on market, indicative of slower sales velocity and potential excess supply relative to demand.

4. The rental market shows a median market rent of $1,296, which is up year-over-year, indicating resilience despite recent cooling in this ZIP code.

5. Current interest rates average 6.01%, which is lower than last year's rate, potentially increasing buyer activity as affordability improves.

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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.