Cleveland, OH 44105 Real Estate Market Report

ZIP Code: 44105
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 44105 area are averaging 6.4%, reflecting a stable market environment compared to the 6.0% to 6.5% range observed earlier in 2026.

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 primary market value indicator is the median sold price: 85,000, which suggests recent transaction activity is centered well below asking expectations given the higher median listing price; this gap may indicate pricing friction between sellers and buyers.

2. The median listing price is 94,999, creating a notable spread versus the median sold price that appears to reflect seller ambition relative to completed sales and may indicate moderate downward pressure on offer acceptance.

3. Market velocity shows slower turnover with a median days on market of 239, which should be interpreted as slower sales velocity rather than outright illiquidity and may signal the need for adjusted pricing or more targeted marketing to accelerate transactions; the market temperature is reported as neutral.

4. Rent fundamentals are strengthening with a median market rent of 1,100 and an upward rent year-over-year trend, while interest rate pressure is described as elevated, suggesting investors should weigh rising financing costs against improving rental income when underwriting opportunities in this ZIP code.

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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.