Is Cleveland Still a Seller’s Market? Here’s What the

Numbers Say

The national real estate market is shifting. That is right—over half of metropolitan areas across the country have become buyer’s markets, meaning there are more sellers than buyers. In fact, there are currently more licensed agents than there are homes for sale. So, what does this mean for Northeast Ohio and the Cleveland real estate market?

Hi, I am Mike Ferrante with Century 21 HomeStar and the 21 Mike Team. We serve Greater Cleveland and the northern half of Ohio. Let us break down the latest data and talk about where our local market stands today.

Inventory: Still Low, But Rising 

The number of active residential listings in Cuyahoga County rose to just over 2,500 in May 2025—up from 2,151 in April and 1,990 in May 2024. Although inventory is increasing, we are still far from a balanced market. For perspective, in May of 2020, there were just over 3,000 listings. A decade ago, in May 2015, that number was over 6,800.

Sales Activity: Holding Steady

Sales remain strong. In May 2025, there were 1,223 residential sales, up from 1,092 in April. Last May saw just over 1,300 sales—consistent with what we saw ten years ago. Despite rising inventory, buyer demand in Northeast Ohio remains steady.

Market Time: Homes Are Still Selling Fast

The median number of days to sell a home in May 2025 was just 17 days, up slightly from 16 in April. A year ago, it was only 13 days, and five years ago, in May 2020, it took 31 days. Back in 2015, homes took 59 days to sell on average. Even with inventory increasing, homes in Greater Cleveland are still selling quickly.

Home Values: Strong and Growing

The median sale price in May 2025 hit $235,000, up from just over $220,000 in April and $223,000 one year ago. Ten years ago, in 2015, the median sale price was just $115,000—a dramatic increase in property values across Northeast Ohio.

The Bottom Line

Cleveland is still a seller’s market, but signs point toward a slow shift toward balance. With rising inventory but limited new construction—especially in the entry-level price range—affordability and availability remain tight. Homeowners are holding onto their low mortgage rates, and there is not enough new low-priced inventory entering the market.

For now, expect the seller’s market to continue, but keep an eye on mortgage rates and new listings in the months ahead.

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