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Market Snapshot
Things to Do in Cleveland
Cleveland, Ohio, is a beautiful, friendly city, the second largest in the state, located on the southern shore of Lake Erie. Edgewater Park is an ideal spot for relaxing or fishing on Lake Erie. Tour the USS Cod Submarine Memorial and see the submarine responsible for sinking extensive Japanese ships during World War II. From the Cleveland Orchestra to the Rock and Roll Hall of Fame, Cleveland boasts a thriving music scene. Great venues throughout the city, like The House of Blues Cleveland, offer opportunities to catch live music. Cleveland is also home to many festivals celebrating, from film and arts to music and fashion. Cleveland also features a multitude of dining options, from barbecue to pizza.
Cleveland Industries
This thriving Midwest city boasts a strong economy and robust job market bolstered by the finance, healthcare, and manufacturing industries. Biotech is also a growing industry here, adding to the depth of Cleveland's rich and diverse economy.
Cleveland Housing Market Conditions
Demand for new homes has been weak within the Cleveland housing market thanks to rising interest rates. The situation has only worsened in light of an economy that has struggled to recuperate from the pandemic fully, something it has failed to do. Cleveland's job growth has been incredibly slow compared to similar markets.
On the plus side, the city is hoping to turn things around as a downtown revitalization is underway that should usher in some new jobs and housing opportunities. In addition to its downtown revitalization projects, nearly $30 million in grant funding has been earmarked to clean up blighted areas throughout the region, which is expected to help jumpstart new housing projects.
Although new construction has slowed significantly around the region and will likely continue to do so, you can still find new homes for sale in Cleveland.
Although you'll discover many housing options throughout the city, most are located in West Cleveland. You can also find many new homes in new home developments in Columbia Station, which is about 25 miles south of the city.
Top Cleveland School Districts
No matter the location of your new home there are outstanding schools in the area. Top notch educators are committed to the academic success of your children. Shaker Heights City School District, Berea City School District, Cleveland Municipal School District, and Warrensville Heights City School District are excellent educational opportunities for your family.
Use NewHomeSource to explore the entire real estate market in Cleveland. Your new dream home is just a click away.
Market Overview: New Homes in Cleveland, OH
Here is a quick overview of new housing developments in the Cleveland area and the new construction market for new build homes in Cleveland:
| Market Name | Cleveland |
| State Name | Ohio |
| Subdivisions | 111 |
| Homes Under Construction | 54 |
| Quick Move-in Homes | 100 |
| Floor Plans | 639 |
| Starting Price | $219,990 |
| Average Price | $570,527 |
| Price Per SqFt | $212 |
| New Home Builders | 34 |
| Leading Builders |
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