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Cleveland Housing Market

By Veronica Miniello

Cleveland leads the nation in home price growth amid measured inventory expansion

Rising prices in Cleveland drove cautious buyer behavior, and year-over-year home sales declined for the fourth consecutive month in April.

Cleveland home sales remain constrained amid limited inventory growth

April home sales in Cleveland declined by 2.4% annually, compared to the national growth rate of 0.6%, and marked the lowest April sales total since 2023. Pricing pressures shaped buyer activity, and sales of condos and townhomes increased year over year, suggesting stronger demand for lower-priced housing options.

Slower job and population growth are also weighing on sales. Cleveland’s population in 2025 was 0.8% below 2020 levels, according to the latest U.S. Census estimates. Employment conditions also lagged regional peers, with total employment remaining 2% below pre-pandemic levels according to the Bureau of Labor Statistics, limiting household formation and homebuying demand.

Cleveland inventory growth lags regional peers, limiting supply

Cleveland’s housing inventory increased 10.8% year over year in April, an improvement from prior years. However, inventory remained well below pre-pandemic levels, despite reaching the highest April inventory level in six years.

Compared to other Midwest markets, Cleveland’s inventory growth trailed peers such as Pittsburgh and Indianapolis, where listings expanded by 17.2%, as well as Columbus, which led the nation with 25.4% growth. Cleveland ranked in the top half of the 40 largest U.S. markets for inventory growth but near the bottom for total inventory.

Cleveland remained a supply-constrained market in April, with 2.9 months of supply, signaling strong pricing power for sellers and builders. Meanwhile, the national market recorded 4.2 months of supply in April, indicating a balanced market with stable pricing.

Cleveland home price growth continues to outpace the national benchmark

Cleveland’s median home sale price increased 8.1% year over year in April, significantly exceeding the national growth rate of 1.7%. The market ranked first among the 40 largest U.S. markets for annual price growth, alongside several Midwest peers including Pittsburgh, Kansas City, and Columbus.

Price gains were led by single-family homes, while condo price growth was at a four-year high, underscoring sustained demand for comparatively affordable inventory.

Despite strong appreciation, Cleveland remained the lowest-priced market among the top 40 U.S. markets, with a median sale price of $255,000, well below those of peer markets such as Columbus and Detroit.


Data point boxes showing the median sale price, active listings, and number of home sales in Cleveland in April.
Cleveland has the lowest median sale price of the top 40 U.S. markets at $255,000.


Cleveland Sale Prices

The median home sale price in Cleveland increased by 8.1% compared to the same time last year, while the national median price rose by 1.7%.

Cleveland ranks first for annual median price change among the top 40 US markets

Cleveland median home prices rose by $19,000 year over year on a nominal basis in April to $255,000. Meanwhile, the national median home price increased by $6,500 to $390,000.

Cleveland's median home price is below the nation's

Cleveland was the 40th highest-priced housing market among the top 40 largest markets last month. The Cleveland median home price of $255,000 was 34.6% below the national median home price. Cleveland's median home price in April compares to the market's peak of $268,000 recorded in July of 2025.

Cleveland single-family prices increase

The median price of Cleveland single-family homes rose $21,300 over the past year to $265,000, while the median townhome price declined 4.3%, and the median condo price rose 8.1%.


Data summary panel showing price growth in Cleveland compared to the national average. Cleveland prices were below the national benchmark, while price growth far exceeded the U.S.
Cleveland continued to outperform the national market in price growth while maintaining lower prices than other major U.S. metros.


Bar chart of Cleveland home prices from 2018–2026, rising steadily to $255,000, showing a long-term appreciation trend.
Steady price growth pushed overall home values in Cleveland well above pre-pandemic levels.


Area chart of Cleveland home price growth from 2018–2026, peaking above 13% then moderating to below 10% in recent months.
Home sale prices in Cleveland increased by 8.1% compared to last April.


Bar chart of Cleveland April price changes by year, with 2026 price growth at a four-year high.
Cleveland’s home sale price increased by 8.1% in April 2026, a faster pace of growth compared to the prior three years.


Horizontal bar chart comparing April home prices across U.S. metros. Cleveland was the lowest at $255,000.
Cleveland ranked last out of the top 40 U.S. markets for home sale price in April, sitting at $255,000 compared to the U.S. average of $390,000.


Horizontal bar chart of annual home price growth by metro. Cleveland ranked first at 8.1%.
At 8.1%, Cleveland ranked first out of the top 40 U.S. markets for home sale price appreciation in April, based on percentage change. This was well above the U.S. average of 1.7%.


Data summary panel showing price trends by home type. Single-family and condo prices increased, while townhome prices declined.
Single-family homes and townhomes continued to drive price growth, while condos posted modest declines.


Bar chart showing Cleveland sale prices by property type. Townhomes were the highest, near $294,000, while condos were the lowest, near $170,000.
Townhomes led pricing at $294,250, while single-family homes averaged $265,000 and condos averaged $199,375, highlighting variation across property types.


Cleveland Inventory

The number of active listings in Cleveland increased by 10.8% in April compared to the same time last year, while national active listings rose by 6.3%.

Cleveland's inventory of homes for sale increases

Cleveland active listings rose by 562 year over year in April to 5,743 active listings. Cleveland ranked 16th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

Cleveland's active listings are below their pre-pandemic levels

Cleveland active listings were below their pre-pandemic levels in the month of April. Cleveland active listings were 33.2% below the April 2019 total of 8,595.

Cleveland single-family inventory grows

Cleveland single-family active listings grew by 9.2% to 4,830 in April. In comparison, townhome active listings rose by 15.7% to 229, and condo active listings increased by 22.1% to 684.


Summary table comparing Cleveland to U.S., with listings up 10.8% in Cleveland versus 6.3% nationally.
Cleveland’s active listings increased at a faster pace than the national average, placing the market in the top half of national rankings for inventory growth.


Line chart of Cleveland listings from 2018–2026. Inventory rose to 5,743, continuing recovery but below earlier highs.
Cleveland’s active listings increased in April, signaling a gradual loosening of supply after historically tight conditions.


Area chart showing annual percent change. Cleveland stabilized near 10% growth after pandemic-driven declines and recovery.
Inventory growth increased steadily in recent months, but remained below prior peaks.


Bar chart of April listing changes by year, with 2026 showing 10.8% growth, continuing post-2023 recovery trend.
April data showed Cleveland posted a healthy year-over-year increase in active listings, although overall supply remained below pre-pandemic levels.


Horizontal bar chart comparing U.S. markets. Cleveland had 5,743 listings, ranking below larger metros like Columbus and Pittsburgh.
Cleveland remained in the lower tier of major U.S. metros for total active listings in April, reflecting tighter inventory than many Sun Belt and large coastal markets.


Bar chart of listing growth by market. Cleveland increased 10.8%, outperforming several large metros but trailing top growth markets.
Over the past year, Cleveland has posted a healthy increase in active listings, but still trailed faster-growing Midwest peers.


Dashboard-style chart showing Cleveland listings by property type. Condos led growth at 22.1% despite a smaller share of inventory.
Single-family homes accounted for the majority of April active listings in Cleveland, while townhomes and condo inventory remained comparatively limited, but grew at a faster pace.


Bar charts showing listings and growth by type. Single-family homes dominated volume, while condos posted the strongest growth at 22.1%.
Condo and townhome listings drove the fastest year-over-year inventory growth in Cleveland, outpacing the more gradual increase in single-family homes.


Cleveland Home Sales

The number of home sales in Cleveland decreased by 2.4% in April compared to the same time last year, while national home sales rose by 0.6%.

Cleveland home sales decrease

Cleveland home sales declined by 47 year over year on a nominal basis in April to 1,908. For context, 1,955 sales closed in Cleveland in April 2025.

Cleveland's annual change in home sales ranks 26th nationally

Cleveland ranked 26th for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year's April decrease of 2.4% compares with the 0.1% year-over-year decrease in April 2025.

Single-family sales in Cleveland are lower than a year ago

Cleveland single-family sales decreased by 4.9% in April to 1,636. In comparison, townhome sales rose by 52.4% to 64, and condo sales rose by 7.8% to 208.


Infographic showing Cleveland home sales at 1,908, down 2.4%, ranking 35th in volume and 26th in growth nationally.
In April, Cleveland posted lower home sales and a steeper year-over-year decline than the national average, but it still put the market mid-range among major U.S. metros.


Bar chart of Cleveland home sales from 2018 to 2026, trending down from a peak of more than 3,000 to around 1,900 in April 2026.
Cleveland’s home sales have trended lower in recent years, with April activity remaining below pre-pandemic levels.


Area chart showing Cleveland annual home sales change from 2018 to 2026, indicating a decline of 2.4% in April.
Home sales in Cleveland fell by 2.4% compared to April 2025, marking continued declines from prior months.


Bar chart of Cleveland April home sales change, showing a 2.4% decline in 2026 after mixed prior trends.
Cleveland’s home sales decreased by 2.4% in April, continuing a trend of declining home sales in recent years.


Horizontal bar chart comparing April home sales volumes across markets, with Cleveland at 1,908 sales, ranked below most major metros.
Cleveland ranked 35th out of the top 40 U.S. markets for home sales in April, with 1,908 sales.


Bar chart of April home sales annual change by market, with Cleveland ranked mid-range among mixed national performance.
Cleveland ranked 26th out of the top 40 U.S. markets based on the percentage change in home sales in April.


Infographic showing single-family sales declined 4.9%, while townhome sales increased 52.4%, and condos increased 7.8% in Cleveland.
Recent sales declines in Cleveland were driven primarily by single-family homes, while townhomes and condos showed year-over-year increases.


Bar chart showing Cleveland home sales by type. Single-family home sales accounted for the majority of total home sales in Cleveland.
Townhomes posted the strongest increase in sales, followed by condos, while single-family homes posted a modest decline.


For questions and commentary about this report:

Veronica Miniello, Associate Director of Market Analytics at CoStar and Homes.com, based in Cleveland, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Veronica Miniello

Associate Director of Market Analytics

Homes.com

vminiello@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Cleveland during April 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Veronica Miniello

Veronica Miniello is an Associate Director of Market Analytics at CoStar and Homes.com. She provides insights into commercial and residential real estate markets. Veronica covers markets throughout Ohio, Western Pennsylvania, and upstate New York, focusing on real estate performance indicators, including leasing, vacancy, construction, and pricing, and local economic conditions. Her insights have been included in Crain’s Cleveland, Columbus Business First, and the Columbus Dispatch.

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