56Alpha

Cleveland, OH metro area Housing Market Brief

metro · OH · as of July 2026

Balanced

What is Cleveland, OH metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
61
Inventory Health25%
42
Affordability20%
68
Economic Strength20%No data
50
Rental Yield15%
66

Where is Cleveland, OH metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Cleveland, OH metro area is classified as Growing strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Cleveland, OH metro area?

Our model forecasts Cleveland, OH metro area’s home prices to rise about 5.2% over the next 12 months (high confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Cleveland, OH metro area housing market data

MetricValueYoY
Median Sale Price$251K▲ +4.6%
Median Days on Market21 days-4.5%
Months of Supply2.00%
Homes for Sale4,362-5.9%
Homes Sold2,211-2.8%
Median Price / Sq Ft$168▲ +3%

How has Cleveland, OH metro area’s Alpha Score moved?

Now: 56
12-period trend
Median sale price · 12 mo

Markets like Cleveland, OH metro area

Frequently asked questions

Is Cleveland, OH metro area a buyer's or seller's market?

As of July 2026, Cleveland, OH metro area is classified as a Balanced Market, based on its Alpha Score of 56 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Cleveland, OH metro area?

The median sale price in Cleveland, OH metro area is $251K, having risen 4.6% over the past year.

How affordable is Cleveland, OH metro area?

Cleveland, OH metro area scores 68 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Cleveland, OH metro area's Alpha Score?

Cleveland, OH metro area's strongest dimension is Affordability (68/100) and its weakest is Inventory Health (42/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Cleveland, OH metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.