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Featured local agent — Cleveland, OH
Sarah Mitchell
Compass Real Estate · Cleveland, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cleveland, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$150,000median sale price
How is the Cleveland, OH housing market right now?
The median home sale price in Cleveland, OH is $150,000, up 7.1% year-over-year. Homes sell in an average of 34 days with 1,228 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cleveland a buyer's or seller's market?
Cleveland, OH is currently a balanced market, based on 3.0 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
403
Last 12 weeks
Days on market
34
Average pace
Active listings
1,228
3.0 months supply
Sale-to-list
97.1%
Below asking
What does the Cleveland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $150,000 |
| Median list price | $150,000 |
| Year-over-year price change | +7.1% |
| Average days on market | 34 days |
| Active inventory | 1,228 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.1% |
| Median price per sq ft | $94/sq ft |
| Homes sold (latest month) | 403 |
| New listings (latest month) | 535 |
| Listings with a price cut | 27.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cleveland by property type?
How the Cleveland, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $125,950 | $104/sq ft | 248 | 34 days |
| Condo / Co-op | $265,000 | $171/sq ft | 13 | 64 days |
Source: Redfin · Updated monthly
The Cleveland housing market is currently classified as a balanced market with a median sale price of $150,000. Prices have risen 7.1% compared to last year, with homes spending an average of 34 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Cleveland
There are currently 1,228 homes listed for sale in Cleveland, Ohio. The median listing price is $150K.
Active listings
1,228
Homes on market
Median list price
$150K
Avg. days on market
34
Days until sale
New this week
535
Newly listed
Who lives in Cleveland?
Population
367,523
Median income
$39,187/yr
Median age
36.3 years
Owner-occupied
41.2%
College grads
21.3%
Avg commute
22.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Cleveland?
Zillow home value
$121,435
Zillow rent index
$1,430/mo
Price-to-rent ratio
7.1x
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Cleveland?
Cleveland is a community of approximately 368K residents with a median age of 36.3 years.The median household income is $39,187, which represents a working-class community with solid middle-income opportunities. 21.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 41.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cleveland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cleveland?
50 schools tracked · 26,823 students
The largest public schools serving Cleveland, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mayfield High School
Grades 9-12 · 1,574 students
Mayfield Middle School
Grades 6-8 · 900 students
Natividad Pagan International Newcomers Academy
Grades PK-12 · 801 students
Cleveland Metro Remote School K-12
Grades K-12 · 725 students
Warrensville Heights Elementary School
Grades K-5 · 702 students
Campus International School
Grades K-8 · 694 students
Citizens Academy Southeast
Grades K-8 · 686 students
Joseph M Gallagher School
Grades PK-8 · 632 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cleveland, OH?
Want a head-to-head view? Compare Cleveland side-by-side with any other U.S. city using our market-comparison tool.
Is Cleveland a good real estate investment market?
For investors evaluating Cleveland, the price-to-rent ratio of 7.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 7.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cleveland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cleveland's median home price.
Frequently asked questions
What is the average home price in Cleveland?
The median home sale price in Cleveland is $150,000, up 7.1% from last year.
How long do homes stay on market in Cleveland?
Homes typically spend 34 days on market before going under contract.
What is the median income in Cleveland?
The median household income is $39,187 per year.
Is Cleveland a buyer's or seller's market?
With 3.0 months of supply, Cleveland is currently a balanced market.
What is the Zillow home value estimate for Cleveland?
The Zillow Home Value Index (ZHVI) for Cleveland is $121,435, representing the typical home value in the area.
What is the median condo price in Cleveland?
The median condo/co-op sale price in Cleveland, OH is $265,000, compared to $125,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Cleveland?
The median single-family home price in Cleveland, OH is $125,950 (about $104 per square foot).
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