Cleveland, OH 44108 Real Estate Market Report

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

---

Executive Overview

In Cleveland, OH (ZIP: 44108), the median sold price stands at $78,000, reflecting a market that has shown appreciation despite an overall average value decline over the past year. The neighborhood has increased 15% since 2023, indicating a positive trend in recent transaction activity. However, the market temperature is currently neutral, suggesting a balanced environment for both buyers and sellers, with no significant upward or downward pressure on pricing.

The market is characterized by 227 days on market, indicating slower sales velocity and a potential for elevated inventory levels. This extended time frame may suggest that sellers are adjusting their expectations in response to the current market dynamics. With a median listing price of $87,500, there is a notable gap between asking prices and sold prices, which could create pricing friction as buyers navigate their options in a market with moderate transaction volume.

---

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

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.

---

Rental Market

---

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

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 5.875% in Cleveland OH 44108 are notably lower than the 6.65% average rate seen for much of 2025, presenting a cost opportunity for property owners.

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

---

Key Findings

1. The median sold price of $78,000 indicates a positive trend, having increased 15% since 2023, suggesting strengthening market conditions.

2. With 227 days on market, the extended time frame reflects slower sales velocity, indicating potential adjustments in seller expectations.

3. The median listing price of $87,500 shows a significant gap compared to the sold price, which may create pricing friction in negotiations.

4. The median market rent of $1,296 suggests strong rental demand, which is rising year-over-year, indicating potential opportunities for investors.

5. Current interest rates are around 5.875%, which is notably lower than the previous year's average, presenting a cost opportunity for property owners.

---

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.