Rocky River, OH 44116 Real Estate Market Report

ZIP Code: 44116
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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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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 44116 area are averaging 6.3% as of May 2026, reflecting a market environment where rates have remained elevated compared to earlier 2026 levels.

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 primary market signal is the median sold price of $409,950, which represents the most reliable indicator of realized value and recent transaction activity in the neighborhood; focus on sold-price comps when setting offers or pricing listings.

2. There is a pronounced gap between the median listing price of $544,000 and the median sold price, which suggests pricing friction—sellers appear to be setting expectations above recent transaction levels and may need to adjust to close deals.

3. Sales velocity appears slow relative to asking behavior given the median days on market of 338, implying a slower transaction tempo and relatively constrained active supply that may prolong time-to-contract for higher-priced or non-competitive listings.

4. Macro and rental signals add caution: rent is trending down year-over-year while prices are up, the market temperature is hot, and interest rate pressure is moderate with current 30-year fixed mortgage rates averaging 6.3% as of May 2026—this mix suggests continued buyer sensitivity to financing costs despite ongoing price appreciation.

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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.

Rocky River, OH 44116 Real Estate Market Report

ZIP Code: 44116
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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 the 44116 area are averaging 6.3% as of May 2026, reflecting a market environment where rates have remained elevated compared to earlier 2026 levels.

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 primary market signal is the median sold price of $139,450, which establishes recent transaction-level value; coupled with a year-over-year up price trend, this suggests realized prices are rising even as some listings remain above recent sale levels (median listing price is $144,900), indicating potential pricing friction between seller expectations and closed transactions.

2. Liquidity appears mixed: the market temperature is hot (hot), signaling strong overall demand signals, but the long median days on market of 345 points to slower sales velocity for individual listings and suggests more time is required to convert inventory to closed deals.

3. Price and rental context: the median price per square foot is $144 while the median market rent is $1,300; with rents showing a down year-over-year trend, rental income expectations may be softer even as property values trend higher.

4. Financing and rate environment: current 30-year fixed mortgage rates in the 44116 area are averaging 6.3%, and interest rate pressure is assessed as moderate, which may temper buyer purchasing power despite a hot market temperature and rising sold prices.

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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.