Shaker Heights, OH 44120 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The primary indicator of market value is the $174,900 median sold price, which represents recent transaction activity and should be treated as the most reliable price signal for Shaker Heights, OH (ZIP: 44120).
2. Despite a lower $165,500 median listing price, the market shows a down price year-over-year trend, suggesting seller expectations may be diverging from recent transaction levels and creating pricing friction between listings and closed sales.
3. With a 290 median days on market, the market exhibits slower sales velocity and relatively constrained active supply in the analyzed sample, which may indicate extended marketing periods and the need for more aggressive pricing or targeted buyer outreach to improve liquidity.
4. Supportive fundamentals include a $1,150 median market rent and up rent year-over-year, combined with low interest rate pressure and an overall neutral market temperature; these factors suggest rental demand and financing conditions are modestly favorable even as prices trend down, so investors and owners should prioritize income stability and price realism when evaluating opportunities.

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.