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

The Cleveland real estate market in February 2026 is characterized by a median sold price of $144,950, reflecting a strong demand amidst elevated competition. The market has shown resilience, with prices trending up year-over-year, indicating a robust appreciation in property values. This upward trajectory suggests that buyers are willing to engage despite the current market conditions, which are marked by significant price appreciation and high competition driven by local economic fundamentals and migration into the area.

Transaction activity appears moderate, with median days on market at 174, indicating a slower sales velocity. This extended timeframe may suggest caution among buyers, as elevated inventory levels create a landscape of excess supply relative to sales activity. Nonetheless, the market remains hot, supported by a stable interest rate environment and strong rental demand, which continues to bolster modest rent increases.

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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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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 area around 5.90% are slightly lower than the 2026 average of 6.21%, presenting a modest cost opportunity for refinancing property owners.

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 $144,950, reflecting strong market demand and price appreciation.

2. With median days on market at 174, the market is experiencing slower sales velocity, indicating potential buyer caution.

3. The median listing price stands at $155,500, suggesting pricing friction as sellers adjust expectations to align with market realities.

4. Rental demand remains robust, with a median market rent of $1,296, supporting upward trends in rental prices.

5. Current interest rates around 5.90% are slightly lower than the 2026 average, presenting a modest opportunity for refinancing.

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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.