Aug 2026
$149K
+11.0% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Cleveland, OH housing market
Cleveland, OH median sale price $149K in Aug 2026, up 11.0% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in Cleveland, OH is $149K as of Aug 2026, up 11.0% from a year earlier. That is the 8th-largest year-over-year gain of the 195 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a smaller change, up 4.3% through Q2 2026, 6.7 points apart; Price reconciliation below shows both.
Cleveland has the lowest median sale price of the five Ohio metros Pecan Street tracks ($149K); Akron ($150K) is next. On median days on market, Cleveland (44 days) ranks 4th of the five Ohio metros, between Cincinnati (44 days) and Akron (43 days). Cleveland has the lowest share of listings with a price cut of the five Ohio metros (47%); Cincinnati (48%) is next.
Listings spent a median 44 days on market in Sep 2026, fewer than in most of the 195 metros. 47% of active listings carry a price cut, 1.8 points more than a year earlier. That share is higher than in most of the 195 metros. Building permits authorized 372 new housing units in Aug 2026.
At the 7.45% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $832 a month; at 28% of gross income, that takes about $36K a year. The median sale price equals about 8 years of HUD Fair Market Rent, a ratio up 12.2% from a year earlier. That ratio is the 5th-lowest of the 195 metros. Active listings ask a median $150 per square foot, up 1.6% from a year earlier.
Median list prices are higher than a year earlier in six of the 12 ZIP codes in the table below and lower in six.
Headline
Oct 6, 2026
7.45%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$832/mo
$36K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Cleveland compares to other U.S. metros
| Price-to-rent | ↓191st of 195 |
|---|---|
| Home-price growth | ↑8th of 195 (top 5%) |
| Price cuts | ↑28th of 195 (top 15%) |
| Days on market | ↓162nd of 195 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 8 +12.2% YoY ↓191st of 195 |
|---|---|
| Asking price / sq ft | $150 +1.6% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 47% +1.8 pts YoY ↑28th of 195 (top 15%) |
|---|---|
| New housing units permitted | 372 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 112 |
|---|---|
| MLS board of record | MLS Now |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
red · 6.7ppRedfin (city) +11.0% | FHFA HPI · Q2 2026 +4.3% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Cleveland → Latest dispatch: Jul 24, 2026.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 44035 | $192K↑ | 112↑ | 74↑ | 54↑ | 37↑ | $192K↑ |
| 44060 | $297K↓ | 127↑ | 90↓ | 80↑ | 39↑ | $281K↑ |
| 44077 | $315K↑ | 92↓ | 66↓ | 44↑ | 36↓ | $263K↑ |
| 44102 | $172K↓ | 158↑ | 56↑ | 74↑ | 51↑ | $136K↓ |
| 44105 | $94K↑ | 113↑ | 48↓ | 36↑ | 53↑ | $78K↓ |
| 44107 | $278K↑ | 99↑ | 52↑ | 38↑ | 51↑ | $300K↑ |
| 44113 | $386K↓ | 113↑ | 36↑ | 46↑ | 83↑ | $318K↑ |
| 44118 | $267K↑ | 130↑ | 78↑ | 66↑ | 45↓ | $255K↑ |
| 44120 | $147K↓ | 118↑ | 44↑ | 50↑ | 65↓ | $136K↓ |
| 44122 | $350K↓ | 90↑ | 40↑ | 30 | 57↓ | $384K↑ |
| 44124 | $276K↓ | 94↑ | 44↓ | 48↑ | 42↓ | $258K↑ |
| 44256 | $527K↑ | 128↑ | 70↑ | 48↑ | 45↑ | $385K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.