Dynamic.RE · SFR Market Intelligence

Cleveland, Ohio Housing Market

Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.

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Data through June 2026
Dynamic.RE Verdict
Buyer's Market
Under 0.90 buyers per home for sale, sellers compete for buyers. Cleveland sits at 0.74, with 16% of sellers already cutting their price.
Median list price
$204,595
-1.1%
Demand : Supply
0.74
Days on market
46 days
Time to go under contract

Yes, if you negotiate. Buyers have the upper hand in Cleveland right now.

You have the upper hand in Cleveland. Most homes for sale still have no buyer. Sellers are competing for you. Use it.

01
The market at a glance
Median $ / sqft
$128
Active inventory
1,405
New listings / mo
922
Days on market
46 days
Price-cut share
16.5%
Pending sales
1,049
02
Where we are in the cycle
Median asking price
$204,595
5% below the Apr 2025 peak of $216K
Homes for sale
1,405
1.7× the Mar 2021 low of 807
Days to sell
46 days
1.1× slower than the 41-day Jun 2021 low
03
Market context
1.24M
Population
615.3K
Housing units · county
40.4
Median age · county
$268.1K
Avg list price · luxury-skewed
04
What this means for investors

How much can you negotiate in Cleveland?

Only 74 out of every 100 homes for sale have found a buyer. The other 26 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Cleveland home takes 46 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 1,405 homes for sale in Cleveland. That is 1.7 times the tightest month on record, but below the peak of 2,908. Supply is growing against last year.

What to do about it

  • Start in 44108, 44103, and 44112. Those are the three softest ZIP codes in Cleveland.
  • Filter for homes listed 60+ days ago that have already cut their price.
  • Offer below the reduced price.
  • Keep your inspection and financing contingencies.
  • In 44108 only 41 out of 100 homes have a buyer. You can lose a few offers there and still win.

Is now a good time to buy in Cleveland?

Asking prices are 5.2% below their Apr 2025 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Cleveland prices have risen in 81 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

The discount is already here. It is not getting bigger. Buy now while sellers are still weak. Waiting for a lower price stopped working a year ago.

What numbers should you underwrite a Cleveland deal with?

  • Price growth to assume — +5.1%/yr. 1 year: -1.2% · 5 years: +5.1% · ten years: +5.8%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot, not on the median. The median moves when the mix of listed homes moves. Your house does not. The one-year rate is a timing signal. It is not an underwriting input.
  • Months of carrying cost — 2. A typical home takes 46 days to sell. Budget that long when you exit or refinance.
  • Odds you cut your price to sell — 1 in 6. About 16% of homes on the Cleveland market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
  • Comp on this, not median price — $128/sqft. The average listing runs +31% above the median. Luxury homes skew it. Comp your own size class per sqft.
  • Competition when you exit — +3%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
05
Frequently asked questions

Is Cleveland a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Cleveland right now. 0.74 out of every 100 homes for sale have a buyer, 16% of sellers have cut their price, and a typical home takes 46 days to sell.

Are Cleveland home prices going up or down?

Asking prices are 5.2% below their Apr 2025 peak. You are not buying at the top. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Cleveland?

+5.1%/yr. 1 year: -1.2% · 5 years: +5.1% · ten years: +5.8%. The five-year and ten-year rates agree. That is a durable trend, not a boom artifact. It is a fair long-run input. Measure growth per square foot, not on the median. The median moves when the mix of listed homes moves. Your house does not. The one-year rate is a timing signal. It is not an underwriting input.

How fast are homes selling in Cleveland?

A typical Cleveland home takes 46 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Which Cleveland ZIP code has the most negotiating room?

44108. Only 41 out of 100 homes there have a buyer, 27% have cut their price, and a typical home takes 57 days to sell.

06
ZIP-level detail

Where buyers have the most leverage in Cleveland

  • 4410877 for sale · 27% cutting · 57 daysOnly 41 out of 100 homes here have a buyer.
  • 4410321 for sale · 30% cutting · 35 daysOnly 45 out of 100 homes here have a buyer.
  • 4411250 for sale · 20% cutting · 63 daysOnly 43 out of 100 homes here have a buyer.
  • 44102116 for sale · 20% cutting · 59 daysOnly 51 out of 100 homes here have a buyer.
  • 44113104 for sale · 17% cutting · 60 daysOnly 22 out of 100 homes here have a buyer.

Where it isn't: 44134 ranks #241 in the country for buyer demand. Expect the least room to negotiate there.

Where Cleveland prices are climbing fastest

ZIP 44103 is on both lists. That is rare. It is the one place in Cleveland where leverage and growth overlap.

ZIP$/sqft, 2 yrs$/sqft nowBuyers per homeFor sale
44103+93.7%$930.4521
44112+91.5%$760.4350
44108+60.7%$720.4177
44104+47.8%$830.3429
44105+32.5%$770.5085

Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.

07
Where else to look

Markets similar to Cleveland

Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.

  • Youngstown, OH — $209,147 median, 45 days, 0.83 buyers per home
  • Warren, OH — $190,976 median, 37 days, 0.73 buyers per home
  • Toledo, OH — $141,828 median, 45 days, 0.84 buyers per home
  • Mansfield, OH — $231,140 median, 36 days, 0.75 buyers per home
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