Cleveland, OH 44109 Real Estate Market Report

ZIP Code: 44109
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Cleveland, OH (ZIP: 44109) is $128,500, reflecting the current market's dynamics. This price point indicates a market that has shown resilience despite mixed signals, with a notable up trend in prices year-over-year. The market temperature remains hot, suggesting strong seller advantages due to elevated demand relative to supply. However, the 197 days median days on market indicates a slower sales velocity, which may suggest some pricing friction as buyers take their time in decision-making.

Inventory conditions reveal elevated levels, with a significant number of active listings compared to the volume of sold properties. This excess supply relative to sales activity may indicate a potential shift towards a more balanced market in the near future, particularly as interest rate pressures remain elevated. As mortgage rates are slightly higher than earlier this year, this could further influence buyer behavior and market dynamics moving forward.

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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 Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Cleveland OH 44109 market average around 6.54% to 6.67%, which is slightly higher than the 2026 average rate of 6.51% seen earlier this year.

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 $128,500 suggests a resilient market despite mixed signals.

2. With 197 days on market, the sales velocity appears slower, indicating potential pricing friction.

3. The market temperature is currently hot, favoring sellers amidst elevated demand.

4. There is elevated inventory relative to sales activity, suggesting a potential shift towards a more balanced market.

5. Interest rate pressures are elevated, which may influence buyer behavior and market dynamics in the coming months.

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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.