Cleveland Housing Index
Monthly Market Snapshot
Professional-grade market intelligence for the Cleveland-Elyria metro area. Updated monthly with data from MLS aggregates, Redfin, Realtor.com, and the Federal Reserve Economic Data (FRED) database.
Cleveland at a Glance
The Cleveland metro area remains one of the most affordable major housing markets in the United States. Here are the key numbers for the current reporting period.
$279,000
Typical Home Value
46
Median Days on Market
3.3
Months of Supply
+4.3%
Year-over-Year Price Change
n/a
Sale-to-List Ratio
6,613
Active Listings
What's happening in the Cleveland market?
The Cleveland-Elyria metro area continues to distinguish itself as one of the most affordable major housing markets in the United States, with a typical home value of $279,000 for September 2026, up 4.3% year over year, according to Zillow's Cleveland-Elyria Home Value Index. Homes.com's Cleveland metro housing report for August 2026 put the median sale price at $273,000, with 2,260 sales, 3.3 months of supply, 6,613 active listings, and 46 median days on market. Prices rose through the first half of 2026, with the RE/MAX National Housing Report putting the metro median at $262,250 for April 2026, making Cleveland an attractive option for first-time buyers, investors, and anyone seeking housing affordability without sacrificing urban amenities.
Cleveland's affordability advantage is particularly notable: with a metro median well below the national median, Cleveland-area households require a lower income to qualify for a mortgage than in most other major metros. This affordability buffer helps insulate the market from interest rate shocks and keeps demand steady even when borrowing costs rise.
Outlook: We expect Cleveland to maintain its position as one of the nation's most accessible housing markets through 2026 and beyond. The region's economic anchors — healthcare (Cleveland Clinic, University Hospitals), manufacturing, and a growing tech and biomedical sector — provide a solid foundation for housing demand. For investors, Cleveland's combination of low entry prices and strong rental demand makes it one of the Midwest's most compelling markets.
Data Sources
- RE/MAX National Housing Report — Median sale price, inventory trends
- Redfin Data Center — Days on market, sale-to-list ratio
- Realtor.com / FRED — Active listings (ACTLISCOU17460), median listing price (MEDLISPRI17460)
- Federal Reserve Bank of St. Louis (FRED) — Housing inventory, affordability indices, days on market
Cleveland Market Profile
What This Means For You
Market data is only useful when it translates into actionable guidance. Here's what the Cleveland Housing Index numbers mean for buyers and sellers right now.
For Buyers
- Cleveland offers unmatched affordability for a major metro.
At $279,000 (September 2026, metro typical home value), the median home price is well below the national average. Your dollar goes significantly further here than in many other major U.S. cities.
- Take advantage of growing inventory.
With the metro typical home value at $279,000 in September 2026 and prices trending up through 2026, this remains a favorable time to explore different neighborhoods and find the right fit.
- You have time to evaluate — use it wisely.
Cleveland offers a more measured buying timeline than the fastest-moving markets. Get inspections, compare options, and negotiate with confidence.
- Explore inner-ring suburbs for walkability and value.
Lakewood, Cleveland Heights, Shaker Heights, and Rocky River offer excellent housing stock, strong schools, and easy access to downtown — often at prices well below national averages.
- Consider investment properties.
Cleveland's low entry prices and strong rental demand make it one of the Midwest's top markets for real estate investors. A Glasshouse agent can help you identify neighborhoods with the best rental potential.
For Sellers
- Price competitively from the start.
With inventory rising and days on market at 64, overpriced homes sit longer and often require price cuts. A well-calibrated list price attracts serious buyers and can lead to a faster, higher-net sale.
- Stand out with presentation and condition.
In a market with growing inventory, homes that are move-in ready and well-staged command a premium. Consider minor updates and professional photography to maximize your sale price.
- Don't wait for the perfect market — this is a good one.
With the metro typical home value at $279,000 in September 2026 and prices rising through 2026, conditions are favorable for sellers. Listing now while inventory is still below balanced-market levels gives you an edge.
- Understand your buyer demographic.
Cleveland attracts a diverse buyer pool — from first-time buyers and young professionals to investors and downsizers. Tailor your marketing to the buyer most likely to love your home.
- Know your equity story.
While appreciation is modest, Cleveland homeowners have seen consistent gains. A Glasshouse agent can help you understand your home's current value and what you can expect to net from a sale.
About the Glasshouse Housing Index
The Glasshouse Housing Index is a monthly market intelligence report published by Glasshouse Realty, an independent brokerage serving communities across Ohio. Data is compiled from publicly available sources including MLS aggregates, Redfin, Realtor.com, and the Federal Reserve Economic Data (FRED) database. This report is updated monthly to help buyers, sellers, and investors make informed decisions.
Data presented reflects the most recent available figures as of the date listed above. Market conditions can change rapidly. For the most current information or personalized guidance, contact a Glasshouse Realty agent.
Have questions about the Cleveland market?
Our team of local experts knows the Cleveland metro inside and out. Whether you're buying, selling, or just exploring, we're here to help you make sense of the numbers.
Contact Our Team