Real Estate Market Update for Cleveland, OH
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 30% from one year earlier, and down 9% 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 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 50-thousand dollars. The number of units sold decreased 14% year-over-year, and decreased 17% 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.
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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 0
      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
      New Technology Hs@east Tech 3.2 mi Public 9-12 0 4
      East Technical High School 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 3 3
      Ohio Connections Academy, Inc 3.6 mi Public K-12 3 0
      Successtech Academy School 3.7 mi Public 9-12 0 0
      Design Lab @ Jane Addams 3.8 mi Public 9-12 0 2
      Shiloh Middle School 4.1 mi Public 5-7 3 5
      Buckeye-woodland School 4.1 mi Public 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
      Parma High School 4.7 mi Public 8-12 2 3
      John Hay Early College High School 5.1 mi Public 9-12 4 4
      John Hay School Of Science & Medicine 5.1 mi Public 9-12 4 4
      John Hay School Of Architecture & Design 5.1 mi Public 9-12 4 3
      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
      Menlo Park Academy 5.6 mi Public K-8 5 0
      Horizon Science Academy Cleveland 5.6 mi Public 9-12 2 4
      Lakewood High School 5.7 mi Public 9-12 2 4
      Parma Community 5.7 mi Public K-3 3 0
      Montessori High School 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 5 4
      Puritas Community Elementary School 6.1 mi Public K-4 3 0
      Shaker Heights High School 6.2 mi Public 9-12 2 4
      Normandy High School 6.5 mi Public 8-12 4 3
      St Joseph Academy 6.6 mi Catholic 9-12 0 4
      John F Kennedy High School 6.6 mi Public 11-12 0 2
      Valley Forge High School 6.7 mi Public 8-12 3 3
      Beaumont High School 6.8 mi Catholic 9-12 0 4
      Whitney Young School 7.0 mi Public 2-12 4 0
      Maple Heights High School 7.0 mi Public 9-12 0 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
      Hathaway Brown School 7.8 mi Private PRESCHOOL-12 0 0
      Shaker Heights Middle School 8.1 mi Public 7-8 2 0
      Rocky River Middle School 8.2 mi Public 6-8 5 4
      Warrensville Heights High School 8.2 mi Public 9-12 1 3
      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
      Rocky River High School 8.6 mi Public 9-12 5 4
      Fairview High School 8.8 mi Public 9-12 2 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 3
      Bedford High School 9.0 mi Public 9-12 1 3
      Beatrice Stone Yavne High School 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 4 4
      Central Elementary School 9.9 mi Public 4-5 5 0
      North Royalton Middle School 10.2 mi Public 5-8 5 0
      North Royalton High School 10.2 mi Public 9-12 4 4
      Fuchs Mizrachi Of Cleveland Hi 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
      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
      Drake Elementary School 12.1 mi Public K-6 5 0
      Lee Burneson Middle School 12.1 mi Public 7-8 5 0
      Dover Elementary School 12.1 mi Public PRESCHOOL-4 5 0
      Westlake High School 12.5 mi Public 9-12 4 4
      Bay Middle School 12.5 mi Public 5-8 5 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 1 0
      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
      Arthur Road Elementary School 14.0 mi Public PRESCHOOL-4 5 0
      Orchard Middle School 14.1 mi Public 5-6 0 5
      Parkside Elementary School 14.1 mi Public K-4 5 0
      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.