Is Cleveland, OH 44127 a buyer’s or seller’s market?
Cleveland is a balanced market. With about 6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Cleveland housing market right now
In the three months ending August 31, 2026, 0% of homes in Cleveland, OH 44127 sold above their list price, the typical home went under contract in 22 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold faster (52 days then) and the median sale price rose 18% to $61,973. Overall, Cleveland is about as competitive as it was a year ago.
Within Cuyahoga County, homes here sell faster than in 54% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Brookpark 44142 (57% sold over asking) and Cleveland 44130 (57% sold over asking) are even more competitive.
Run the numbers for 44127
Nearby markets
Bay Village 44140Seller’s market $270 /sq ftBeachwood 44122Seller’s market $202 /sq ftBedford 44146Seller’s market $146 /sq ftBerea 44017Seller’s market $170 /sq ft Browse all markets →Towns like Cleveland nearby
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Questions about Cleveland real estate
Is Cleveland a buyer’s or seller’s market?
A balanced market: there were 6 months of supply in Cleveland, OH 44127 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cleveland?
The typical home went under contract in 22 days in the latest three months.
Do homes in Cleveland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.5% of the list price.
What are property taxes in Cleveland?
About 2.00% of a home’s value a year in Cuyahoga County, or roughly $8,000 on a $400,000 home.
What is the median home price in Cleveland?
The median sale price was $61,973 in the three months ending August 31, 2026, about $29 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology