Real Estate Market Update for Cleveland, OH
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 34% from one year earlier, and down 12% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 60-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 14% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Cleveland, OH
Area Information for Cleveland, OH
  • Population: 378,953
  • Median Age: 36.44 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 4,876/sq mi
  • Population Change Since 2000: -20.76%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Cleveland State University
  • Closest Jr. College: Cuyahoga Comm Clg-metropolitan Campus
  • Median Household Income: $27,024
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $52,500
  • Closest Major Sports Team: Cleveland Indians
  • Change Avg. Household Income Since 2000: 11.53%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cleveland, OH
Median Age: 36.44 Married: 21% Number of Households: 160,402 Households with Children: 40,162
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Cleveland, OH

      School Name Distance Type Grades School Rating Parent Rating
      Denison 0.9 mi Public K-8 1 0
      Lincoln-west High School 1.1 mi Public 9-12 0 3
      Washington Park Environmental Studies Academy 1.5 mi Public 9-12 0 2
      Washington Park Community 1.6 mi Public K-8 1 0
      Charles A Mooney School 1.6 mi Public PRESCHOOL-8 0 0
      Facing History New Tech High School @ Charles Mooney 1.6 mi Public 9-9 0 5
      Northeast Ohio College Preparatory School 1.7 mi Public K-8 2 4
      St Ignatius High School 2.2 mi Catholic 9-12 0 4
      Cleveland Central Catholic High School 2.3 mi Catholic 9-12 0 4
      Max S Hayes High School 2.5 mi Public 9-12 0 3
      Cuyahoga Hts High School 3.0 mi Public 9-12 5 4
      Cuyahoga Heights Elementary School 3.1 mi Public PRESCHOOL-5 5 3
      East Technical High School 3.2 mi Public 9-12 0 4
      New Technology Hs@east Tech 3.2 mi Public 9-12 0 4
      Mc2 Stem High School 3.4 mi Public 9-12 1 3
      Invictus High School 3.5 mi Public 9-12 0 0
      Cleveland Academy For Scholarship Technology And L 3.6 mi Public 9-12 0 0
      Brooklyn High School 3.6 mi Public 8-12 2 3
      Ohio Connections Academy, Inc 3.6 mi Public K-12 3 0
      Marion C Seltzer Elementary School 3.7 mi Public K-8 1 0
      Design Lab @ Jane Addams 3.8 mi Public 9-12 0 2
      Shiloh Middle School 4.1 mi Public 5-7 2 5
      Buckeye-woodland School 4.1 mi Public PRESCHOOL-8 0 0
      St. Adalbert Catholic School 4.1 mi Catholic PRESCHOOL-8 0 0
      New Technology West 4.3 mi Public 9-12 0 4
      Garfield Heights High School 4.3 mi Public 9-12 1 3
      Benedictine High School 4.4 mi Catholic 9-12 0 0
      John Adams High School 4.4 mi Public 9-12 0 4
      Health Careers Center High School 4.6 mi Public 12-12 0 3
      Bethany Lutheran School 4.6 mi Private PRESCHOOL-8 0 0
      Parma High School 4.7 mi Public 8-12 2 3
      John Hay School Of Architecture & Design 5.1 mi Public 9-12 3 4
      John Hay School Of Science & Medicine 5.1 mi Public 9-12 4 4
      John Hay Early College High School 5.1 mi Public 9-12 4 4
      Saint Martin De Porres High School 5.1 mi Catholic 9-12 0 4
      Padua Franciscan High School 5.2 mi Catholic 9-12 0 3
      Holy Name High School 5.2 mi Catholic 9-12 0 2
      John Marshall High School 5.4 mi Public 9-12 0 3
      Trinity High School 5.4 mi Catholic 9-12 0 5
      St Edward High School 5.5 mi Catholic 9-12 0 5
      Horizon Science Academy Cleveland 5.6 mi Public 9-12 1 3
      Lakewood High School 5.7 mi Public 9-12 3 4
      Parma Community 5.7 mi Public K-3 3 0
      Montessori High School At University Circle 5.8 mi Private 9-12 0 0
      Cleveland School Of The Arts High School 6.0 mi Public 6-12 2 4
      Independence High School 6.0 mi Public 9-12 4 4
      Shaker Heights High School 6.2 mi Public 9-12 2 4
      Normandy High School 6.5 mi Public 8-12 3 3
      St Joseph Academy 6.6 mi Catholic 9-12 0 4
      Valley Forge High School 6.7 mi Public 8-12 2 3
      Beaumont High School 6.8 mi Catholic 9-12 0 4
      Whitney Young School 7.0 mi Public 2-12 3 0
      Maple Heights High School 7.0 mi Public 9-12 1 2
      Cleveland Heights High School 7.2 mi Public 9-12 1 3
      Glenville High School 7.2 mi Public 9-12 0 4
      Lawerence School - Lower 7.6 mi Private K-6 0 0
      Hebrew Academy Of Cleveland Hi 7.8 mi Private PRESCHOOL-12 0 3
      Hathaway Brown School 7.8 mi Private PRESCHOOL-12 0 0
      Shaker Heights Middle School 8.1 mi Public 7-8 3 0
      Rocky River Middle School 8.2 mi Public 6-8 5 4
      Warrensville Heights High School 8.2 mi Public 9-12 0 3
      St Christopher School 8.2 mi Catholic K-8 0 0
      Shaw High School 8.3 mi Public 9-12 0 2
      Lutheran High West 8.3 mi Private 9-12 0 0
      Lutheran High School East 8.4 mi Private 9-12 0 2
      Magnificat High School 8.5 mi Catholic 9-12 0 4
      Academy Of St Bartholomew 8.5 mi Catholic PRESCHOOL-8 0 0
      Rocky River High School 8.6 mi Public 9-12 5 4
      Fairview High School 8.8 mi Public 9-12 3 4
      Brecksville-broadview Heights Middle School 8.9 mi Public 6-8 5 0
      Brecksville-broadview Heights High School 8.9 mi Public 9-12 5 4
      East Clark 8.9 mi Public PRESCHOOL-8 0 0
      Collinwood High School 9.0 mi Public 9-12 0 4
      Bedford High School 9.0 mi Public 9-12 1 3
      Hebrew Academy Of Cleveland - Yavne High School For Girls 9.2 mi Private 7-12 0 0
      Laurel School 9.2 mi Private PRESCHOOL-12 0 0
      Ginn Academy 9.7 mi Public 9-12 0 4
      Beachwood High School 9.9 mi Public 9-12 5 4
      North Royalton High School 10.2 mi Public 9-12 4 4
      Fuchs Mizrachi Of School 10.3 mi Private PRESCHOOL-12 0 0
      Brush High School 10.6 mi Public 9-12 1 4
      Highland Drive Elementary School 10.7 mi Public K-3 4 4
      Gross Schechter Day School Ele 10.8 mi Private PRESCHOOL-8 0 0
      Corpus Christi Academy 11.9 mi Catholic PRESCHOOL-8 0 0
      Richmond Heights Secondary School 12.0 mi Public 7-12 1 3
      Villa Angela-st Joseph High School 12.1 mi Catholic 8-12 0 4
      Orange High School 12.1 mi Public 9-12 5 4
      Westlake High School 12.5 mi Public 9-12 4 4
      Bay Middle School 12.5 mi Public 5-8 5 0
      St Paul Lutheran School 12.7 mi Private PRESCHOOL-8 0 0
      Euclid High School 12.8 mi Public 9-12 1 3
      Mayfield High School 13.2 mi Public 9-12 5 4
      Strongsville High School 13.2 mi Public 9-12 5 3
      Bay High School 13.4 mi Public 9-12 5 4
      New Day Academy Boarding & Day School 13.4 mi Public K-12 0 0
      St Rita School 13.6 mi Catholic PRESCHOOL-8 0 2
      Olmsted Falls High School 13.6 mi Public 9-12 4 4
      Solon High School 13.8 mi Public 9-12 5 4
      Mayfield Middle School 13.9 mi Public 6-8 4 4
      Orchard Middle School 14.1 mi Public 5-6 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Cleveland, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.