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📬 In today’s edition:

• 🏠 Ohio Home Prices Hold Steady as Listings Slow

• 🧱 Detroit–Shoreway Sees Major Residential Growth

• 🏙️ Cleveland Prices Stay Far Below National Avg

📰 Cleveland Market Minute

Ohio’s housing & rental market

Ohio’s housing market shows resilience with a median home sale price of $249,900. The median rent price stands at $1,350 per month, underscoring ongoing affordability considerations for renters.

Year-over-year, days on market for Ohio homes have risen by 9.30%, indicating a measurable shift in listing pace.

🔗 Read More

Developer ID’d for Euclid Avenue project

The Cleveland Foundation says it wants to do for East 71st Street at Euclid Avenue what it has done for East 66th Street — transform it.

From the foundation’s perspective, that requires demolishing a structure from the city’s industrial past. And the Cleveland Foundation will reveal this Friday a vision of that next transformation.

🔗 Read More

Lakeside development edges toward water

In Cleveland’s Detroit-Shoreway neighborhood, a slew of residential and mixed-use developments are set to transform the area south of Edgewater Park.

Behind The Shoreway — a luxury apartment complex in the rehabbed Globe Machine building — a 13-story apartment tower is beginning to rise.

🔗 Read More

🏠 Just Sold Spotlight – New Construction Value in Tremont

📍3133 W 17th St, Cleveland, OH 44109

• 💰 Sold Price: $495,000

• 📏 Size: 1,930 sq. ft. (4 beds, 3 full baths)

• 📅 Year Built: 2025

• 🛏 4 Beds | 🛁 3 Full Baths

• 🚗 2-Car Detached Garage

• 🌳 Lot Size: 3,358 sq. ft.

• 🏫 School District: Cleveland Municipal School District

📝 Investor Takeaway

This Energy Star–certified new construction demonstrates the growing demand for mid-priced, tax-abated housing in Tremont and the Near West Side. At approximately $256 per square foot, the sale reflects strong buyer appetite for modern layouts, efficient systems, and turnkey condition without luxury-tier pricing.

With a flexible floorplan that includes a first-floor bedroom or office, a full basement, and a two-car garage, the property appeals to owner-occupants and long-term investors alike. Its tax abatement, energy efficiency, and proximity to multiple west-side neighborhoods position it as a stable, low-maintenance asset in an area seeing continued infill development.

🏡 Neighborhood Insight

• 📍 Community: Tremont / Near West Side, Cleveland

• 🏞 Nearby Landmarks: Tremont dining district, Ohio City, Gordon Square, Downtown Cleveland

• 🚶 Accessibility: Quick access to I-90, I-71, and major employment centers; minutes from multiple walkable districts

• 🌱 Sustainability: Energy Star certification, efficient HVAC, insulation, windows, and appliances

📈 Recent Sales Nearby:

• 2160 W 40th St – $440,000 | 2 Bed | 3 Bath | 1.9k sq. ft.

• 2102 Willey Ave – $535,000 | 3 Bed | 3 Bath | 1.8k sq. ft.

• 3127 W 17th Pl – $375,000 | 3 Bed | 3 Bath | 1.5k sq. ft.

• 3000 Monroe Ave – $598,500 | 3 Bed | 3 Bath | 1.9k sq. ft.

📌 Notable Features

• ✨ 2025 new construction by Cuyahoga Land Bank

• 🍽 Open-concept first floor with chef-inspired kitchen

• 🛏 Main-level bedroom or home office with full bath

• 🪟 Energy-efficient windows, appliances, and HVAC

• 🛁 Primary suite with ensuite bath & walk-in closet

• 🏠 Full basement with future finishing potential

• 🚗 Two-car garage for secure parking

• 🏷 Tax abatement + Energy Star certification

💡 Insider’s Insight

📰 Cleveland Housing Market Snapshot | 2025

🏠 Market Overview

• Median Sale Price: $131,500 (+5.4% YoY)

• Median Price per Sq. Ft.: $85 (–5.0% YoY)

• Homes Sold: 343 (flat year-over-year)

• Median Days on Market: 38 days (+8 days YoY)

• Market Type: Somewhat Competitive

• Avg. homes receive ~3 offers

• Typical sale: 3% below list price

📉 Cleveland home prices remain far below the national average—71% lower, reinforcing affordability despite modest price growth.

🔥 Market Competitiveness

• Redfin Compete Score: 69 / 100

• Sale-to-List Price Ratio: 95.9% (–1.1 pts YoY)

• Homes Sold Above List: 27.4% (–5.5 pts YoY)

• Homes with Price Drops: 24.1% (+0.9 pts YoY)

🧠 Well-priced homes can still move quickly, but buyers retain leverage in most segments.

🌎 Migration & Relocation Trends

(Oct–Dec 2025 search behavior)

➡️ Moving Into Cleveland

Top inbound metros:

• New York, NY

• Wheeling, WV

• Los Angeles, CA

• Chicago, IL

• Seattle, WA

📌 Only 0.73% of national buyers searched Cleveland, but coastal metros dominate inbound interest.

⬅️ Moving Out of Cleveland

Top outbound destinations:

• Columbus, OH

• Youngstown, OH

• Atlanta, GA

• Washington, DC

• Sarasota, FL

🏙️ 65% of Cleveland buyers still searched within the metro—indicating strong local retention.

🏫 Schools Snapshot

Highly rated public elementary schools include:

• Kensington Intermediate (9/10)

• Harrison Elementary (8/10)

• Ridge-Brook Elementary (8/10)

• Lincoln Elementary (8/10)

• Grant Elementary (8/10)

📚 School quality remains neighborhood-dependent and should be verified per property.

🏙 House of the Week – Breakwater Bluffs End-Unit Townhome

📍5861 Father Caruso Dr, Cleveland, OH 44102

• 💰 Price: $645,000

• 📏 Size: 2,416 sq ft

• 📅 Year Built: 2018 (Tax Abated Through 2033)

• 🛏 3 Beds | 🛁 2 Full Baths + 1 Half Bath

• 🚗 2-Car Attached Garage

• 🏘 Townhouse | Breakwater Bluffs Community

• 🏫 School District: Cleveland Metropolitan School District

🧘 Vibes: This sun-drenched, four-level end-unit townhome delivers modern urban living with thoughtful architectural detail in one of Cleveland’s most desirable lake-adjacent communities. The open-concept main level seamlessly connects the kitchen, dining, and living areas, anchored by a striking wood feature wall and sleek quartz countertops that elevate the space both visually and functionally.

Designed for entertaining and everyday living, the chef-inspired kitchen offers generous storage, expansive prep space, and clean modern lines, while a stylishly appointed half bath with curated wallpaper adds a refined designer touch. The neutral color palette and abundant natural light create a calm, versatile backdrop adaptable to any lifestyle.

The lower level flex space is ideal for a home office, gym, or recreation area, with direct access to the two-car garage for maximum convenience. Upstairs, the primary suite impresses with a custom closet system and spa-like full bath, while a bright secondary bedroom and full bath complete the third level alongside convenient second-floor laundry.

The fourth-level bonus space offers exceptional flexibility—perfect as a third bedroom, media room, or executive home office—and features a wet bar and abundant storage. Step outside to your private exterior patio, where breathtaking Cleveland skyline views create the perfect setting for relaxing or entertaining.

Located just minutes from Gordon Square, biking trails, parks, dining, and shopping, this meticulously maintained home combines tax-abated value, modern design, and prime location into one exceptional offering. Spacious, each featuring full walls of windows facing east, walk-in closets, and spa-sized bathrooms. The primary suite includes a custom-designed walk-in closet, while the oversized utility/laundry room adds rare in-unit storage and functionality.

👉 Listed by: Kim Crane | Howard Hanna

📞 440-652-3002 | ✉️ [email protected]

🛠 Tools & Resources We Recommend

• PropStream → Lead generation + property comps

• AirDNA → Short-term rental profitability data

• BiggerPockets Cap Rate Guide → Know how to calculate investment ROI

• Cleveland Housing Court Tracker → Spot eviction risks and distressed deals

• Cleveland Real Estate Investor Facebook Group → Share deals and insights with local investors

📣 Weekly Wrap-Up

🏙️ Ohio & Cleveland Real Estate | Market + Development + Sales

Ohio’s housing and rental markets continue to show resilience, while Cleveland development activity and urban home demand remain selective but steady.

🏠 Ohio Housing & Rental Snapshot

Ohio’s median home sale price stands at $249,900, while median rent sits at $1,350/month, reinforcing ongoing affordability pressure for renters.

Year-over-year, days on market increased by 9.3%, signaling a slower listing pace and more measured buyer decision-making statewide.

📊 Cleveland Housing Market Snapshot (Nov 2025)

• Median Sale Price: $131,500 (+5.4% YoY)

• Median $/SF: $85 (–5.0% YoY)

• Homes Sold: 343 (flat YoY)

• Median Days on Market: 38 (+8 YoY)

• Market Type: Somewhat Competitive

• Avg. Offers: ~3 per listing

• Typical Sale: ~3% below list

Cleveland home prices remain 71% below the national average, preserving affordability despite modest appreciation.

🏠 Just Sold Spotlight | New Construction Value in Tremont

• 3133 W 17th St, Cleveland, OH 44109

• 💰 $495,000 | 📏 1,930 sq. ft. | 🛏 4 Beds | 🛁 3 Baths

• 🚗 2-Car Garage

This Energy Star–certified new construction demonstrates the growing demand for mid-priced, tax-abated housing in Tremont and the Near West Side.

With a flexible floorplan that includes a first-floor bedroom or office, a full basement, and a two-car garage, the property appeals to owner-occupants and long-term investors alike.

🏡 House of the Week – Breakwater Bluffs

• 📍 701 W Lakeside Ave #501, Cleveland, OH 44113

• 💰 $415,000 | 2 Beds | 2.5 Baths | 2,000 sq. ft. | Built 2005

A custom corner residence offering panoramic Lake Erie, harbor, and stadium views. Expansive glass walls, oversized living space, refinished hardwoods, and rare in-unit storage position this home as a premier lakefront lifestyle option with enduring value appeal.

Until next week,

Cleveland Real Estate Investors

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