Cleveland, OH 44110 Real Estate Market Report

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

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Executive Overview

As of March 2026, the Cleveland, OH (ZIP: 44110) real estate market reflects a median sold price of $78,000, indicating a stable transaction environment despite ongoing price appreciation. The neighborhood has increased 15% since 2023, showcasing a robust demand for housing. The median listing price stands at $96,500, suggesting a notable gap between seller expectations and actual market performance, which may create pricing friction for potential buyers.

Market activity is characterized by elevated inventory levels, with a median days on market of 358, indicating slower sales velocity. This extended time frame may suggest a cooling trend in buyer urgency, despite the overall hot market temperature. Elevated interest rates are contributing to low inventory via a lock-in effect, yet local economic stability continues to support housing demand, hinting at a potential shift toward a more balanced market in the near future.

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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 44110 market around 6.38% are slightly higher than the 6.25% low seen in mid-March 2026, indicating property owners locked in a marginally better rate recently.

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. $78,000 is the median sold price, reflecting a strong demand despite elevated listing expectations.

2. The median listing price of $96,500 indicates potential pricing friction between sellers and buyers.

3. With a median days on market of 358, the market is experiencing slower sales velocity.

4. The market temperature is currently hot, suggesting ongoing buyer interest despite elevated interest rate pressure.

5. The median market rent of $1,296 is trending up, indicating a strengthening rental 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.