Cleveland, OH 44128 Real Estate Market Report

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

---

Executive Overview

As of February 2026, the real estate market in Cleveland, OH (ZIP: 44128) is showing signs of modest appreciation, with the median sold price recorded at $105,000. This reflects a stable market environment where recent sales activity is supported by a median listing price of $119,900, indicating a notable pricing gap that may suggest seller expectations are higher than current market realities. The market has increased up since the previous year, contributing to a more favorable outlook for prospective buyers and investors alike.

Transaction velocity appears moderate, with a median days on market of 134, indicating slower sales activity. Elevated inventory levels are present, which may be contributing to the current market dynamics. While elevated interest rates are keeping some sellers on the sidelines, the overall demand remains steady due to affordability relative to other metropolitan areas, suggesting a balanced market despite the challenges posed by interest rate pressures.

---

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

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.

---

Rental Market

---

Property Taxes

---

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.

---

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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Cleveland OH 44128 area around 5.875% are notably lower than the 6.87% average seen one year ago, presenting a cost-saving opportunity for recent refinancers.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. $105,000 is the median sold price, reflecting a stable market environment with potential pricing friction.

2. $119,900 is the median listing price, indicating a notable gap between seller expectations and market realities.

3. The median days on market of 134 suggests slower sales velocity, which may impact liquidity in the market.

4. Inventory levels are elevated, indicating excess supply relative to sales activity, which may affect pricing strategies for sellers.

5. The market temperature is neutral, suggesting a balanced environment for buyers and sellers despite elevated interest rate pressure.

---

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.