Cleveland, OH 44135 Real Estate Market Report

ZIP Code: 44135
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the Cleveland, OH (ZIP: 44135) market shows a median sold price of $148,000, reflecting a competitive environment with solid price appreciation. The market has experienced an upward trend in prices, indicating a robust demand relative to supply. The median listing price stands at $154,950, suggesting a gap between seller expectations and actual market transactions, which may indicate pricing friction for potential buyers.

Transaction activity appears moderate, with median days on market at 176, indicating slower sales velocity. Despite elevated inventory levels, the market remains hot, driven by steady demand and positive local economic fundamentals, particularly in healthcare and tech sectors. While interest rates are moderating, they still exert some pressure on buyer activity, contributing to a dynamic yet cautious market atmosphere.

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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

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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 the Cleveland OH 44135 market average around 6.00% to 6.18%, which is notably lower than the 6.85% average seen one year prior in February 2025.

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 $148,000, indicating strong market performance and price appreciation.

2. With a median listing price of $154,950, there is a notable gap suggesting potential pricing friction for sellers.

3. The median days on market of 176 reflects slower sales velocity, which may indicate a need for sellers to adjust expectations.

4. The market temperature is currently classified as hot, driven by steady demand and positive economic conditions.

5. Median market rent is at $1,296, which has increased year-over-year, reflecting rising rental demand in the area.

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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.