Cleveland, OH 44109 Real Estate Market Report

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

---

Executive Overview

The median sold price in Cleveland, OH (ZIP: 44109) stands at $145,450, reflecting the actual transaction values in the market. This price point is crucial as it indicates the current market dynamics, especially in light of the mixed signals observed in recent months. The market has shown signs of elevated inventory levels, which may suggest a slower sales velocity compared to previous periods, despite the competitive nature of the broader Cleveland metro area.

Additionally, the median days on market is notably high at 160 days, indicating that properties are taking longer to sell. This extended timeframe may contribute to a perception of excess supply relative to sales activity, which could impact seller expectations moving forward. As mortgage rates are forecasted to moderate, buyer activity may increase, potentially leading to a more balanced market in the near future.

---

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 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 are around 6.01% as of mid-February 2026, which is lower than the 6.18% average seen in late January 2026, presenting a slight cost opportunity for new financing.

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 $145,450 indicates a significant gap compared to the median listing price of $172,450, suggesting potential pricing friction for sellers.

2. With 160 days on the market, properties are experiencing a slower sales velocity, which may indicate a need for strategic pricing adjustments.

3. The market temperature is classified as hot, reflecting strong local economic fundamentals despite the elevated inventory levels.

4. The median market rent is $1,296, which is up year-over-year, indicating rising rental demand in the area.

5. Current mortgage rates are around 6.01%, slightly lower than previous rates, presenting a potential opportunity for buyers to enter the market with reduced financing costs.

---

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.