Cleveland, OH 44135 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

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

Key Findings

1. The primary indicator, median sold price $150,000, confirms recent transaction-based market value and supports the characterization of this ZIP as appreciating; up price momentum (price year-over-year trend: up) and a reported hot market temperature suggest sellers continue to capture premium pricing on executed sales.
2. There is a visible gap between median listing price $169,900 and median sold price $150,000, which may indicate sellers are listing above recent transaction levels and could create pricing friction that requires seller-side adjustment to align offers with realized market value.
3. Liquidity signals are mixed: the median days on market 263 points to slower sales velocity despite a hot market temperature, which suggests transactions are occurring but may take longer to negotiate or reflect financing timelines—this appears to be a case of moderate transaction pacing rather than rapid turnover.
4. Market fundamentals supportive of investor interest include a median price per square foot 125 paired with a median market rent $1,375 and up rent year-over-year trend; these factors, together with moderate interest rate pressure, suggest improving rent-driven demand even as buyers contend with pricing gaps and extended time-to-sale.

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.