Cleveland - OH housing market
The Cleveland metro has a typical home value of $255,598, up 4.1% from a year ago. Homes are moving fast at 7 days on market, a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($255,598) is the Zillow Home Value Index for the Cleveland - OH metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.1% over the past year. In Cleveland - OH, that means a home worth $245,531 last year is now worth roughly $255,598.
The median sale price , what homes actually close for , is $235,552. Homes are selling at 99.6% of list price, meaning buyers have room to negotiate.
Homes listed in Cleveland - OH sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,677 new listings hit the market each month in Cleveland - OH. There are currently 5,955 homes for sale, up 12.0% from a year ago.
The typical monthly rent in Cleveland - OH is $1,474, up 4.1% year over year. For investors, the price-to-rent ratio here is roughly 14x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in OH
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Cincinnati - OH | $313,303 | +2.5% | 6.0d |
| Columbus - OH | $335,357 | +1.3% | 6.0d |
| Akron - OH | $245,312 | +4.4% | 7.0d |
| Toledo - OH | $206,185 | +2.9% | 7.0d |
| Youngstown - OH | $180,319 | +6.2% | 13.0d |
| Canton - OH | $220,212 | +4.8% | 7.0d |