Cleveland, OH 44108 Real Estate Market Report

ZIP Code: 44108
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Cleveland, OH real estate market in ZIP code 44108 shows a median sold price of $70,000, reflecting stable transaction activity amidst a backdrop of moderate appreciation. The neighborhood has experienced an upward trend in prices, which may indicate a strengthening market despite the median days on market being notably high at 274 days. This extended timeframe suggests a slower sales velocity, potentially due to elevated inventory levels relative to sales activity, leading to pricing friction between seller expectations and buyer willingness to pay.

Current market conditions reveal a median listing price of $88,750, which creates a significant gap compared to the sold price, indicating that sellers may need to adjust their expectations to align with actual market transactions. The rental market remains robust, with a median market rent of $1,296, suggesting strong demand for rental properties. Overall, the market appears to be in a neutral state, characterized by moderate interest rate pressure and a balanced market temperature, which may lead to cautious optimism for both buyers and sellers in the near term.

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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 Cleveland, OH 44108 are averaging 6.38% compared to 6.09% in early March 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. $70,000 is the median sold price, indicating stable transaction values in the market.

2. $88,750 as the median listing price suggests potential pricing friction between seller expectations and market realities.

3. The median days on market of 274 days indicates a slower sales velocity, which may affect buyer engagement.

4. The median market rent of $1,296 reflects strong rental demand, supporting overall market stability.

5. Current interest rate pressure is categorized as moderate, which could influence buyer affordability and market dynamics.

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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.