Cleveland, OH 44128 Real Estate Market Report

ZIP Code: 44128
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Cleveland, OH (ZIP: 44128) is currently characterized by a median sold price of $97,967.5, reflecting a robust market environment. The neighborhood has experienced an upward trend in prices, indicating a hot market temperature. The median days on market stands at 184, suggesting a slower sales velocity, which may indicate elevated inventory levels relative to sales activity. This dynamic is further supported by a median listing price of $109,450, creating a notable pricing gap that could affect seller expectations versus actual market performance.

Despite the gradual increase in inventory, demand remains strong, particularly for well-maintained properties. The median market rent of $1,300 also signifies a healthy rental market, which may attract investors looking for rental opportunities. Overall, the market appears to be in a state of moderate appreciation, bolstered by positive local economic growth and stabilizing interest rates, although the moderate interest rate pressure may influence future buyer 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 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 Cleveland, OH are averaging 6.639% APR, which is 0.48% higher than the 2026 average of 6.15%.

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 is $97,967.5, indicating strong market performance despite a slower sales velocity.

2. With a median days on market of 184, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median listing price of $109,450 creates a gap with sold prices, which may lead to pricing challenges for sellers.

4. The median market rent is $1,300, reflecting a strong rental demand that may attract investors.

5. Overall, the market is classified as hot, with moderate appreciation trends supported by local economic growth.

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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.