Cleveland, OH metro area Housing Market
Warm MarketComprehensive housing market data for the Cleveland, OH metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$240K
↑ 5.5% YoY
Days on Market
32 days
– 0.0% YoY
Active Inventory
3,863
↓ 0.7% YoY
Homes Sold
1,754
↓ 1.0% YoY
Warm Market
The market is active with moderate buyer demand.
Cleveland, OH metro area Market Summary
The Cleveland, OH metro area housing market is heating up. As of March 2026, the median home sale price is $240K, up 5.5% year-over-year. Homes are spending a median of 32 days on the market, 0.0% shorter than a year ago.
There are 3,863 homes for sale — 0.7% fewer than last year. With 2.2 months of supply, this is a seller's market. 2,599 new listings were added during this period, down 0.5% year-over-year.
Homes are selling for 98.8% of their list price on average, suggesting room for negotiation. 35.7% of homes sell above their asking price. 26.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
62
Contributing Factors
How This Market Compares
vs. National Median
vs. Ohio Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 45% below the national median, which could indicate stronger cash flow potential.
Cleveland, OH metro area Market Trends
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Detailed Market Metrics
Median List Price
$245K
Price per Sq Ft
$163
Sale-to-List Ratio
98.8%
Months of Supply
2.2
Sold Above List
35.7%
Price Drops
26.3%
New Listings
2,599
↓ 0.5% YoY
Pending Sales
2,664
Off Market in 2 Weeks
55.3%
Other Markets in Ohio
Columbus, OH metro area
$355K · 51d on market
Cincinnati, OH metro area
$310K · 45d on market
Dayton, OH metro area
$245K · 41d on market
Akron, OH metro area
$221K · 32d on market
Toledo, OH metro area
$220K · 48d on market
Youngstown, OH metro area
$188K · 60d on market
Canton, OH metro area
$220K · 33d on market
Springfield, OH metro area
$220K · 31d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.