Garfield Heights, OH 44128 Real Estate Market Report

ZIP Code: 44128
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 Garfield Heights, OH, are averaging 6.4%, which is 0.5% higher than the 5.9% average observed in February 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 $113,000 median sold price is the primary indicator of recent market value and suggests realized transaction levels remain near asking expectations given the $114,950 median listing price (with price pressure upward), supporting a sellers' market interpretation consistent with the reported hot market temperature.

2. Price momentum is positive: year-over-year trends show prices are up and the market temperature is hot, which together suggest continuing upward pricing pressure and the potential for multiple-offer scenarios for well-priced SFR and condo listings (rising demand signal).

3. Liquidity shows mixed signals: the 212 median days on market is long and suggests slower sales velocity compared with typical hot-market speed, which may indicate localized pricing friction or buyer hesitation even as headline temperature is hot (slower transaction pace).

4. Financing and rental context deserve attention: the $1,300 median market rent supports rental demand that is up, while interest rate pressure is reported as moderate and current mortgage conditions are approximately 6.4% for a 30-year fixed—about 0.5% higher than the February 2026 average of 5.9%—a dynamic that may temper some buyer urgency (caution on affordability).

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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.