Cleveland, OH Housing Market Report

The Cleveland housing market is currently experiencing a notable transition toward a more balanced environment, though it still retains characteristics that favor buyers compared to the frenetic activity of previous years. As of December 2025, the median home value stands at $109,291, reflecting a modest year-over-year decrease of 1.32%. This cooling trend is further evidenced by a 7.45% increase in active inventory, bringing the total number of available listings to 4,544. With homes now spending an average of 42 days on the market—six days longer than this time last year—buyers have gained more leverage and time to conduct due diligence.

Price trends over the last six months indicate a period of stabilization following a gradual decline through the summer and fall. After hitting a low point in November, values saw a slight uptick in December, suggesting that the market may be finding its floor. The sale-to-list ratio remains at a perfect 1, indicating that while buyers are no longer engaging in extreme bidding wars, sellers are still pricing their homes accurately and receiving their asking prices. This equilibrium is a sign of a healthy, functioning market where neither party holds an overwhelming advantage.

Looking ahead, the rental market presents a stark contrast to the sales sector, with median rents rising 4.16% year-over-year to $1,299. This divergence suggests that while home ownership costs are stabilizing, the demand for housing remains robust. For sellers, the increase in inventory means properties must be in top condition to stand out. For buyers, the combination of lower entry prices and increased selection provides a significant window of opportunity, particularly for those looking to escape the rising costs of the rental market in the Cleveland-Elyria metro area.