Feb 25, 2026 - News
More than half of Cleveland homes sold below asking in 2025
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Cleveland homebuyers who purchased below the original list price last year scored an average discount of nearly 9%, according to a Redfin report.
Why it matters: Mortgage rates and home prices remain elevated, keeping many would-be buyers on the sidelines.
- But those still shopping in Cleveland are landing the best deals in years.
State of play: Roughly 54.5% of Cleveland homes sold below their original list price last year, Redfin data shows.
Zoom out: Nationwide, homes that sold below asking went for about 8% less than their original list price — the biggest average discount nationally since 2012.
The big picture: It's a homebuyer's market for people who can afford it.
- Nationally, there were a record 47% more home sellers nationally than buyers in December, per Redfin, giving house hunters more options and negotiating power.