Cleveland Real Estate News

A look at the Cleveland and Ohio Housing Markets

CLEVELAND, Ohio – While real estate may seem to be constantly fluctuating in Ohio, how does the market compare against the other 49 states in the country?

It turns out, Ohio homes remain more affordable than in most other places. The median home value in Ohio as of April 2022 is $221,200, more than $175,000 less than the median home value of $396,700 in the country, according to real estate website Redfin, which represents a share of online real estate listings in the area.

This is a 10.38% increase from the year prior, while the average increase in home value for the entire country is 15%.