Cleveland, OH 44111 Real Estate Market Report

ZIP Code: 44111
Report Date: February 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: 44111) is $154,000, reflecting a stable market with sustained buyer interest. This price point indicates a competitive landscape, although the market has shown signs of moderating intensity as inventory levels have increased. The market appears to be experiencing a slight shift, with the potential for modest price appreciation in 2026, aligning with the broader economic stability in the region.

Transaction activity remains active, but the 130 days on market suggests a slower sales velocity compared to previous periods. Elevated inventory levels relative to sales activity may indicate a need for sellers to adjust expectations, as the gap between the median listing price of $165,000 and the median sold price suggests pricing friction. Overall, while the market is still considered hot, these dynamics may lead to a more balanced environment 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

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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 44111 market average around 5.90% compared to a 2026 average of 6.09%, suggesting a slight cost advantage for recent borrowers.

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 $154,000 indicates a competitive market, though recent trends suggest a need for sellers to align with buyer expectations.

2. With 130 days on market, the current sales velocity is slower, highlighting potential challenges in closing transactions quickly.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may impact pricing dynamics in the near term.

4. The median listing price of $165,000 reflects a significant gap compared to the median sold price, indicating potential pricing friction for sellers.

5. The market temperature remains hot, but the increasing inventory may lead to a more balanced market as 2026 progresses.

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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.