Cleveland, OH 44106 Real Estate Market Report

ZIP Code: 44106
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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.

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Key Findings

1. The primary market-value signal is the median sold price of 359,000, which represents the most reliable indicator of recent transaction values and suggests realized buyer willingness at this price band.

2. There is a notable spread between the median listing price of 335,000 and the median sold price, which may indicate pricing friction where seller expectations differ from recent sale outcomes; sellers should consider aligning ask strategies with the representative recent sale level to reduce time on market.

3. Liquidity appears subdued: the median days on market of 346 points to slower sales velocity and suggests careful pricing and marketing are important; this prolonged time to contract may reflect buyer caution despite the market being characterized as neutral.

4. Market fundamentals show up price momentum and up rent growth alongside a moderate interest rate pressure — cite the price year-over-year trend: up, rent year-over-year trend: up, and interest rate pressure: moderate when assessing hold vs. list decisions.

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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.

Cleveland, OH 44106 Real Estate Market Report

ZIP Code: 44106
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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.

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Key Findings

1. The neighborhood's median sold price is 157,900, which serves as the primary indicator of recent market value; with the price year-over-year trend up, sellers may achieve modest appreciation but should still price against recent closed sales rather than asking-price optimism.

2. The median days on market is 413, indicating slower sales velocity, which suggests sellers may need longer marketing windows or targeted concessions to maintain momentum in transactions.

3. The median price per square foot is 132 and the median market rent is 1,495; with the rent year-over-year trend up, rising rents support buy-to-rent economics but underwriters should rely on the 132 price-per-square-foot benchmark when assessing value.

4. Market temperature is neutral and sample data points to relatively constrained active supply; with interest rate pressure labeled as moderate and moderate financing headwinds, pricing should be balanced to reflect measured buyer sensitivity while acknowledging steady rental demand.

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Notable Properties

The following 7 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.