Real Estate Market Update for Cleveland, OH
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 11% 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 50-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 19%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 40-thousand dollars. The number of units sold increased 20% year-over-year, and decreased 19% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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: 378,772
  • Median Age: 36.36 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 4,874/sq mi
  • Population Change Since 2000: -20.8%
  • Closest Airport: Cleveland-hopkins International
  • Closest College: Cleveland State University
  • Closest Jr. College: Cuyahoga Comm Clg-metropolitan Campus
  • Median Household Income: $27,456
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $51,250
  • Closest Major Sports Team: Cleveland Indians
  • Change Avg. Household Income Since 2000: 10.89%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cleveland, OH
Median Age: 36.36 Married: 21% Number of Households: 160,293 Households with Children: 40,496
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 0.9 mi Public PRESCHOOL-8 3 5
      Scranton School 1.5 mi Public PRESCHOOL-8 2-5 5
      Washington Park Community 1.6 mi Public K-8 2 5
      Lincoln Preparatory Academy 1.6 mi Public K-8 2 5
      Horizon Science Academy Denison Elementary School 2.0 mi Public K-5 2-5 4
      St Ignatius High School 2.2 mi Catholic 9-12 0 5
      Intergenerational School, The 2.5 mi Public K-8 4 4
      Cuyahoga Heights Middle School 3.0 mi Public 6-8 4 5
      Cuyahoga Heights Elementary School 3.1 mi Public PRESCHOOL-5 4-5 5
      Campus International School 3.6 mi Public K-6 3-5 5
      Ridge-brook Elementary School 3.8 mi Public K-4 2-5 0
      Louisa May Alcott Elementary School 4.1 mi Public K-5 2-5 5
      Shiloh Middle School 4.1 mi Public 5-7 3 5
      St. Adalbert Catholic School 4.1 mi Catholic PRESCHOOL-8 0 5
      St Charles School 4.3 mi Catholic PRESCHOOL-8 0 5
      Bethany Lutheran School 4.6 mi Private PRESCHOOL-8 0 4
      Harvey Rice Elementary School 4.9 mi Public PRESCHOOL-8 1 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 0
      St Columbkille Parish School 5.1 mi Catholic K-8 0 5
      St Francis School 5.2 mi Catholic K-8 0 4
      Garfield Middle School 5.2 mi Public 6-8 3-5 4
      St Michael 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 3 5
      Riverside School 5.8 mi Public K-8 2 5
      Independence Middle School 6.0 mi Public 5-8 5 5
      Newton D Baker School 6.3 mi Public PRESCHOOL-8 2 4
      Brookview Elementary School 6.4 mi Public PRESCHOOL-4 3 5
      Constellation Schools: Westpark Community Middle 6.4 mi Public 5-8 2 5
      Green Valley Elementary School 6.5 mi Public K-4 5 4
      Independence Primary School 6.5 mi Public PRESCHOOL-4 4 5
      St Joseph Academy 6.6 mi Catholic 9-12 0 4
      Our Lady Of Angels School 6.6 mi Catholic K-8 0 5
      Lincoln Elementary School 6.6 mi Public K-5 3-5 5
      Harding Middle School 6.7 mi Public 6-8 4-5 4
      Beaumont School 6.8 mi Catholic 9-12 0 5
      Fernway Elementary School 6.8 mi Public K-4 3 5
      Ruffing Montessori Ingalls Elementary School 7.0 mi Private PRESCHOOL-8 0 5
      Lomond Elementary School 7.0 mi Public K-4 3-5 5
      Archbishop Lyke-st Henry Campus 7.1 mi Catholic K-4 0 4
      Horace Mann Elementary School 7.4 mi Public PRESCHOOL-5 2 4
      Lawerence School - Lower 7.6 mi Private K-6 0 4
      Douglas Macarthur 7.7 mi Public K-5 3-5 5
      Glendale Primary School 8.2 mi Public PRESCHOOL-3 0 5
      Valley Vista Elementary School 8.4 mi Public 1-4 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 4-5 5
      Brecksville-broadview Heights High School 8.9 mi Public 9-12 4-5 5
      Murton's Child Development Center 8.9 mi Private PRESCHOOL-K 0 5
      Mercer Elementary School 9.1 mi Public K-4 2-5 5
      Hilton Elementary School 9.2 mi Public PRESCHOOL-3 0 5
      Beatrice Stone Yavne High School 9.2 mi Private 7-12 0 0
      Central Primary School 9.2 mi Public K-3 0 3
      Laurel School 9.2 mi Private PRESCHOOL-12 0 5
      St. Albert The Great School 9.3 mi Catholic PRESCHOOL-8 0 5
      Whitney Elementary School 9.4 mi Public K-6 3 4
      Ruffing Montessori School 9.5 mi Private PRESCHOOL-8 0 5
      Assumption Academy 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
      Columbus Intermediate School 9.8 mi Public 4-6 3 5
      Hilltop Elementary School 9.9 mi Public 3-5 4-5 4
      Adrian Elementary School 9.9 mi Public K-3 0 4
      Beachwood Middle School 10.0 mi Public 6-8 5 4
      Agnon School 10.3 mi Private PRESCHOOL-8 0 5
      Hilliard Elementary School 10.4 mi Public PRESCHOOL-4 4 5
      Julie Billiart School 10.5 mi Catholic K-8 0 5
      Hawken Lower-middle School 10.5 mi Private 6-8 0 5
      Hannah Gibbons-nottingham Elementary School 10.6 mi Public PRESCHOOL-8 2 5
      Royal Redeemer Lutheran School 10.6 mi Private PRESCHOOL-8 0 5
      Highland Drive Elementary School 10.7 mi Public K-3 0 5
      Parkside Elementary School 10.7 mi Public 5-6 4-5 4
      Sunview Elementary School 11.3 mi Public K-3 0 5
      Holly Lane Elementary School 11.6 mi Public K-4 2-5 5
      St Clare School 11.9 mi Catholic PRESCHOOL-8 0 5
      Moreland Hills Elementary School 12.1 mi Public K-5 4 5
      Ballard Brady Middle School 12.1 mi Public 6-8 5 5
      Drake Elementary School 12.1 mi Public K-6 4-5 5
      Normandy Elementary School 12.1 mi Public K-2 0 5
      Lee Burneson Middle School 12.1 mi Public 7-8 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 5
      Millridge Hearing Center 12.3 mi Public PRESCHOOL-5 0 5
      Le Chaperon Rouge Elementary School 12.3 mi Private K-5 0 4
      Zellers Elementary School 12.5 mi Public K-6 4 5
      Bay Middle School 12.5 mi Public 5-8 4-5 5
      St Paul Lutheran School 12.7 mi Private PRESCHOOL-8 0 5
      Our Lady Of The Lake 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 4 5
      Falls-lenox Primary Elementary School 13.0 mi Public 1-3 0 5
      Bassett Elementary School 13.3 mi Public K-4 4-5 5
      Grace L Roxbury Elementary School 13.8 mi Public K-4 3-5 5
      Mayfield Middle School 13.9 mi Public 6-8 4-5 5
      Westerly Elementary School 14.0 mi Public 3-4 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 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.