Cleveland, OH 44111 Real Estate Market Report

ZIP Code: 44111
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Cleveland, OH (ZIP: 44111) is currently characterized by a median sold price of $145,000, reflecting a stable market environment. This price indicates a competitive landscape, particularly for well-maintained properties, as demand remains strong. The neighborhood has increased 8% since 2023, suggesting a positive trend in property values.

Market activity shows 170 days on market, which indicates a slower sales velocity, yet the overall conditions appear to be stabilizing with elevated inventory levels. The median listing price stands at $164,500, indicating a notable gap between seller expectations and actual sale prices, which may create pricing friction in negotiations. The market temperature is currently neutral, suggesting a balanced environment where supply and demand are relatively aligned, albeit with some excess supply relative to sales activity.

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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 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. $145,000 is the median sold price, indicating strong demand for well-maintained properties in the area.

2. The market has increased 8% since 2023, reflecting a positive trend in property values.

3. With a median days on market of 170, the market is experiencing slower sales velocity, which may suggest pricing adjustments are necessary.

4. The median listing price of $164,500 shows a significant gap compared to the sold price, indicating potential pricing friction for sellers.

5. The current market temperature is neutral, suggesting a balanced environment with elevated inventory levels relative to sales activity.

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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.