If you are looking at buying a house in Cleveland you must read till the end. Cleveland is often looked at as a has-been market. However, its turnaround has created several opportunities for investors and residents alike. The Cleveland housing market is rebounding. All indicators point to growing income, a solid job market, and increasing home values in Ohio. The Cleveland real estate market prediction is positive — investors and home buyers will reap benefits when considering the city and its suburbs over the next few years.

In October 2021, the median list price of homes in Cleveland, OH was $117K, trending up 6.4% year-over-year. The median listing price per square foot was $78. The median sale price was $127,500. Homes in Cleveland, OH sold for approximately the asking price on average. On average, homes in Cleveland, OH sell after 57 days on the market (source: Realtor.com), The median listing price in Cleveland-Elyria, Ohio was $190,000, down -5.0% year-over-year. New listings were up 0.9%. 24.3% of homes Cleveland-Elyria housing market had a price reduction in October.