Cleveland, OH 44135 Real Estate Market Report

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

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Executive Overview

As of April 2026, the real estate market in Cleveland, OH (ZIP: 44135) is characterized by a median sold price of $141,500, reflecting a stable market with modest price appreciation. The neighborhood has increased 15% since 2023, indicating a positive trend in property values. While the median listing price stands at $149,950, the gap between listing and sold prices suggests potential pricing friction, as sellers may need to adjust expectations to align with buyer activity.

The market exhibits elevated inventory levels, with a median days on market of 228, indicating a slower sales velocity. This extended time frame may suggest a need for sellers to be more competitive in pricing. Despite these conditions, the overall market temperature remains neutral, supported by strong rental demand and a positive local economy, which may offer opportunities for buyers in a market that is gradually balancing between supply and demand.

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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 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 Cleveland, OH are averaging 6.38% compared to approximately 6.25% when loans originated in early 2026.

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 of $141,500 reflects a stable market with modest price appreciation, having increased 15% since 2023.

2. Elevated inventory levels and a median days on market of 228 indicate slower sales velocity, suggesting a need for sellers to adjust pricing strategies.

3. The median listing price of $149,950 shows a gap compared to sold prices, indicating potential pricing friction in the market.

4. Market temperature is currently neutral, suggesting a balanced condition between buyers and sellers, with no clear advantage for either side.

5. Strong rental demand, with a median market rent of $1,296, supports the overall market stability and may attract more investment interest.

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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.