Cleveland, OH 44113 Real Estate Market Report

ZIP Code: 44113
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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. The primary indicator of recent transaction value is the $370,000 median sold price, which establishes market value in the area and, when viewed alongside the $209,900 median listing price, suggests a notable gap between seller expectations and realized sale prices that may indicate pricing friction.

2. The 324 median days on market points to slower sales velocity and extended time-to-close for SFR and condo transactions, which may indicate liquidity constraints despite the sample showing relatively constrained active supply.

3. The $235 median price per square foot combined with a reported price year-over-year trend of up suggests modest appreciation on a per-unit-area basis while the broader market temperature remains neutral, implying balanced negotiation dynamics rather than a clear seller or buyer advantage.

4. The $1,571 median market rent and a rent year-over-year trend of up reinforce strengthening rental demand, but interest rate pressure labeled as moderate could temper buyer affordability and slow purchase-side demand.

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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.

Cleveland, OH 44113 Real Estate Market Report

ZIP Code: 44113
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

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. The neighborhood's primary market value indicator, the median sold price, is 252,000, serving as the most relevant completed-transaction benchmark for pricing and underwriting decisions; representative recent sale should guide offer strategies.

2. There is a notable spread between the median listing price 199,900 and the median sold price 252,000, which may indicate pricing friction or selection effects between asking prices and final transaction values; pricing friction appears present in the current marketplace.

3. The median days on market is 415, signaling slower sales velocity and extended decision timelines for buyers and sellers; this likely contributes to a balanced market temperature and suggests slower sales velocity in execution.

4. Local pricing and rental fundamentals show median price per square foot 219 and median market rent 1,800, while year-over-year trends for price and rent are up, and interest rate pressure remains moderate, indicating cautious optimism for investors and operators while underwriting against rate sensitivity.

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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.