Real Estate Market Update for Cleveland, OH
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 18% from one year earlier, and down 5% 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 down 18%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 60-thousand dollars. The number of units sold increased 17% year-over-year, and increased 15% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
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Map Information for Cleveland, OH
Area Information for Cleveland, OH
  • Population: 391,275
  • Median Age: 34.9 yr
  • Median Commute Time: 21.56 mins
  • Educational Climate*: 3
  • Sales Tax: 7.75%
  • Population Density: 5,036/sq mi
  • Population Change Since 2000: -18.2%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Cleveland State University
  • Closest Jr. College: Cuyahoga Community College
  • Median Household Income: $28,013
  • Annual Residential Turnover: 17.53%
  • Median Years in Residence: 3.51 yr
  • Median Home Sales Price: $50,496
  • Closest Major Sports Team: Indians
  • Change Avg. Household Income Since 2000: 8%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cleveland, OH
Median Age: 34.9 Married: 18% Number of Households: 169,936 Households with Children: 51,135
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 GreatSchools Rating Parent Rating
      Buhrer Elementary School 0.9 mi Public PRESCHOOL-8 2 5
      Washington Park Community School 1.6 mi Public K-8 2-5 5
      Hope Academy Lincoln Park 1.7 mi Public K-8 2 5
      Horizon Science Academy Deniso 2.0 mi Public K-5 1 4
      William C Bryant Elementary School 2.2 mi Public PRESCHOOL-8 3-5 4
      St Ignatius High School 2.2 mi Catholic 9-12 0 5
      Near West Intergenerational School 2.5 mi Public K-4 5 5
      The Intergenerational School 2.5 mi Public K-8 4-5 4
      Cuyahoga Hts Middle School 3.0 mi Public 6-8 5 5
      Cuyahoga Hts Elementary School 3.1 mi Public PRESCHOOL-5 5 5
      Campus International School 3.6 mi Public K-4 2-5 5
      Ridge Brook Elementary School 3.8 mi Public K-4 2 0
      Louisa May Alcott Elementary School 4.1 mi Public K-5 3-5 5
      St Adalbert Elementary School 4.1 mi Catholic PRESCHOOL-8 0 5
      Village Preparatory School 4.2 mi Public K-2 4 0
      St Charles Borromeo Elementary School 4.3 mi Catholic PRESCHOOL-8 0 5
      Bethany Lutheran Elementary School 4.6 mi Private PRESCHOOL-8 0 4
      John Hay Early College High School 5.1 mi Public 9-12 5 4
      John Hay School Of Architecture & Design 5.1 mi Public 9-12 4-5 0
      St Columbkille Elementary School 5.1 mi Catholic PRESCHOOL-8 0 5
      St Francis School 5.2 mi Catholic K-8 0 4
      Garfield Middle School 5.2 mi Public 6-8 2-5 4
      St Michael Elementary School 5.4 mi Catholic PRESCHOOL-8 0 5
      St Edward High School 5.4 mi Catholic 9-12 0 5
      Roosevelt Elementary School 5.6 mi Public K-5 2-5 5
      Horizon Science Academy Cleveland Elementary Schoo 5.7 mi Public K-5 1 4
      Riverside Elementary School 5.8 mi Public K-8 3 5
      Independence Middle School 6.0 mi Public 5-8 5 5
      Shaker Hts High School 6.2 mi Public 9-12 3 4
      Newton D Baker School Of Arts Elementary School 6.3 mi Public PRESCHOOL-8 1 4
      Brookview Elementary School 6.4 mi Public PRESCHOOL-4 4 5
      Westpark Community Middle School 6.4 mi Public 5-8 2 5
      Green Valley Elementary School 6.5 mi Public K-4 4-5 4
      Independence Primary Elementary School 6.5 mi Public PRESCHOOL-4 5 5
      St Joseph Academy High School 6.6 mi Catholic 9-12 0 4
      Our Lady Of Angels Elementary School 6.6 mi Catholic K-8 0 5
      Lincoln Elementary School 6.6 mi Public K-5 4 5
      Harding Middle School Middle School 6.7 mi Public 6-8 4 4
      Beaumont School High School 6.8 mi Catholic 9-12 0 5
      Fernway Elementary School 6.8 mi Public K-4 3-5 5
      Ruffing Montessori Ingalls Ele 7.0 mi Private PRESCHOOL-8 0 5
      Lomond Elementary School 7.0 mi Public K-4 3 5
      Archbishop Lyke St Henry Elementary Scho 7.1 mi Catholic K-4 0 4
      Horace Mann Elementary School 7.4 mi Public PRESCHOOL-5 2-5 4
      Lawrence Elementary School 7.6 mi Private K-6 0 4
      Douglas Macarthur Elementary School 7.7 mi Public K-5 3 5
      Brook Park Memorial Elementary School 7.8 mi Public PRESCHOOL-4 3 4
      Glendale Primary School 8.2 mi Public PRESCHOOL-3 1 5
      Valley Vista Elementary School 8.4 mi Public 1-4 4-5 5
      Goldwood Primary Elementary School 8.9 mi Public K-2 0 5
      Brecksville-broadview Heights Middle School 8.9 mi Public 6-8 5 5
      Brecksville-broadview Heights High School 8.9 mi Public 9-12 5 5
      Murtons Child Develop Center 8.9 mi Private PRESCHOOL-K 0 5
      Mercer Elementary School 9.1 mi Public K-4 3-5 5
      Hilton Elementary School 9.2 mi Public PRESCHOOL-3 5 5
      Hebrew Academy Of Cleveland 9.2 mi Private 7-12 0 0
      Laurel School 9.2 mi Private PRESCHOOL-12 0 5
      St Albert The Great Elementary School 9.3 mi Catholic PRESCHOOL-8 0 5
      Whitney Elementary School 9.4 mi Public K-6 3-5 4
      Ruffing Montessori Rocky River 9.5 mi Private PRESCHOOL-8 0 5
      Assumption Elementary School 9.6 mi Catholic PRESCHOOL-8 0 5
      Bryden Elementary School 9.7 mi Public K-2 0 5
      Royal View Elementary School 9.8 mi Public 1-4 4-5 5
      Hilltop Elementary School 9.9 mi Public 3-5 4-5 4
      Beachwood Middle School 10.0 mi Public 6-8 5 4
      Agnon Elementary School 10.3 mi Private PRESCHOOL-8 0 5
      Hilliard Elementary School 10.4 mi Public PRESCHOOL-4 5 5
      Julie Billiart Elementary School 10.5 mi Catholic K-8 0 5
      Hawken Lower Middle Elementary School 10.5 mi Private 6-8 0 5
      Royal Redeemer Lutheran Elementary School 10.6 mi Private PRESCHOOL-8 0 5
      Highland Drive Elementary School 10.7 mi Public K-3 4 5
      Parkside Elementary School 10.7 mi Public 5-6 4-5 4
      Sunview Elementary School 11.3 mi Public K-3 5 5
      Holly Lane Elementary School 11.6 mi Public K-4 4 5
      St Clare Elementary School 11.9 mi Catholic PRESCHOOL-8 0 5
      Ballard Brady Middle School 12.1 mi Public 6-8 5 5
      Moreland Hills Elementary School 12.1 mi Public K-5 4 5
      Drake Elementary School 12.1 mi Public K-6 4 5
      Normandy Elementary School 12.1 mi Public K-2 0 5
      Lee Burneson Middle School 12.1 mi Public 7-8 4-5 4
      Dover Elementary School 12.1 mi Public PRESCHOOL-4 4-5 5
      Center Middle School 12.2 mi Public 7-8 3-5 4
      Millridge Elementary School 12.3 mi Public K-5 4 5
      Millridge Hearing Center 12.3 mi Public PRESCHOOL-5 0 5
      Le Chaperon Rouge Westlake Ele 12.3 mi Private K-5 0 4
      Westlake High School 12.5 mi Public 9-12 4-5 4
      Zellers Elementary School 12.5 mi Public K-6 2-5 5
      Bay Middle School 12.5 mi Public 5-8 5 5
      St Paul Lutheran School 12.7 mi Private PRESCHOOL-8 0 5
      Holy Cross Elementary School 12.7 mi Catholic K-8 0 5
      Dorothy E Lewis Elementary School 12.8 mi Public K-4 5 5
      Muraski Elementary School 12.9 mi Public K-6 3-5 5
      Falls Lenox Primary Elementary School 13.0 mi Public 1-3 5 5
      Bassett Elementary School 13.3 mi Public K-4 5 5
      Grace L Roxbury Elementary School 13.8 mi Public K-4 4-5 5
      Mayfield Middle School 13.9 mi Public 6-8 4 5
      Westerly Elementary School 14.0 mi Public 3-4 4-5 0
      Arthur Road Elementary School 14.1 mi Public PRESCHOOL-4 5 5
      Mayfield Center Elementary School 14.1 mi Public K-5 4 5
      Parkside Elementary School 14.1 mi Public K-4 5 3
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Cleveland, OH
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.