Cleveland Heights, OH 44106 Real Estate Market Report

ZIP Code: 44106
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Cleveland Heights is $299,900, reflecting a stable market despite some fluctuations. The neighborhood has increased 8% since 2023, indicating a positive trend in property values. However, the market is characterized by elevated inventory levels, suggesting a potential imbalance between supply and demand. With a median days on market of 316, properties are taking longer to sell, which may indicate a slower sales velocity and potential pricing friction for sellers.

The rental market remains robust, with a median market rent of $1,560, showing a year-over-year increase. Elevated interest rates are contributing to tight inventory conditions, creating a balanced market with moderate competition. This environment may lead to cautious buyer sentiment, as potential homeowners weigh financing costs against market conditions.

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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 near 6.33% in Cleveland Heights, OH are slightly lower than the 6.611% average rate seen earlier in 2026, suggesting a minor cost opportunity for new financing.

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 $299,900 indicates a strong market value amidst elevated inventory levels.

2. A median days on market of 316 suggests slower sales velocity, which may affect buyer urgency and pricing strategies.

3. The median market rent of $1,560 reflects a strong rental demand, with year-over-year trends showing an upward trajectory.

4. Elevated interest rates are contributing to tight inventory, maintaining a balanced market with moderate competition.

5. The price year-over-year trend is up, indicating ongoing appreciation in property values despite current market conditions.

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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.