Cleveland, OH 44111 Real Estate Market Report

ZIP Code: 44111
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The neighborhood's representative recent sale is 147,000, and this median sold price should be treated as the primary indicator of current market value and recent transaction activity (completed transactions).

2. The 147,000 median sold price sits below the median listing price of 155,000, which suggests modest pricing friction where seller expectations may be somewhat higher than realized sale prices.

3. A 195 median days on market indicates slower sales velocity and suggests extended marketing timelines or buyer deliberation, which may pressure negotiation leverage and require more patient pricing strategies (slower sales velocity).

4. Rents show strength with a 1,150 median market rent and rent year-over-year trend up, while price year-over-year trend is up and market temperature is neutral; combined with moderate interestRatePressure, this points to balanced conditions where rental demand supports pricing but financing sensitivity may limit rapid price acceleration.

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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.