Cleveland Heights, OH 44106 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price $400,000 is the primary indicator of recent market value in Cleveland Heights and points to transaction levels that should guide pricing and underwriting decisions rather than asking prices; the market appears balanced between buyer and seller activity.
2. There is a meaningful spread between median listing price $280,000 and median sold price $400,000, which may indicate pricing friction where seller expectations differ from recent transaction outcomes and suggests sellers should align pricing to comparable closed sales rather than relying solely on listing benchmarks.
3. The market shows slower liquidity as reflected by median days on market 370, which suggests extended marketing periods and that sellers may need to plan for longer holding times or stronger conditioning/price adjustments to accelerate transactions; overall market temperature is flat.
4. Elevated financing headwinds are present with interest rate pressure elevated while rental demand is improving with rent year-over-year trend up, implying cautious buyer affordability but potential support from strengthening rental fundamentals—use conservative underwriting and consider rent-stabilized comps when evaluating investment cases.

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.