Cleveland, OH 44110 Real Estate Market Report

ZIP Code: 44110
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Cleveland, OH (ZIP: 44110) is characterized by a median sold price of $73,950, reflecting a competitive environment. The market has seen price trends moving up year-over-year, suggesting a strengthening demand despite the median days on market stretching to 247 days. This extended period may indicate a slower sales velocity, which contrasts with the elevated inventory levels observed in the area, creating a complex dynamic between supply and demand.

The median listing price stands at $109,450, revealing a notable gap between asking and selling prices, which may reflect seller expectations that are not fully aligned with current market realities. With median market rent at $1,296, rental growth remains robust, indicating strong demand for rental properties. Overall, the market appears to be heating up, supported by moderate interest rate pressure and positive local job growth, which may encourage more buyers to enter the market.

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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 market average around 6.01% as of February 2026, which is 0.84% lower than the 6.85% average seen one year ago.

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 $73,950 indicates a competitive market, with prices trending up year-over-year.

2. With a median listing price of $109,450, there is a significant pricing gap, suggesting potential caution for sellers.

3. The median days on market of 247 days points to a slower sales velocity, indicating weak liquidity in the market.

4. The median market rent of $1,296 reflects strong rental demand, supporting the overall market strength with growing rental prices.

5. Current interest rates at approximately 6.01% are moderate, which may encourage more buyers to enter the market.

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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.