Cleveland, OH 44104 Real Estate Market Report

ZIP Code: 44104
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Cleveland, OH (ZIP: 44104) is $76,499.5, reflecting a market that has shown signs of appreciation. This indicates a robust demand for properties, despite the challenges posed by elevated interest rates. The neighborhood has increased up since 2023, suggesting a positive trajectory in property values.

Market activity appears to be characterized by elevated inventory levels relative to sales, with a median days on market of 298. This extended duration may indicate slower sales velocity, which, combined with the $90,000 median listing price, suggests potential pricing friction as sellers adjust their expectations to align with market realities. Overall, the market is active and balanced, with a gradual normalization expected in the coming months.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Cleveland OH are around 6.375% to 6.67% APR, which is slightly higher than the average 6.18% seen earlier in 2026, suggesting property owners who secured a loan then locked in a more favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $76,499.5 indicates strong market activity despite elevated interest rates.

2. With a median days on market of 298, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be necessary.

3. The median listing price of $90,000 reflects seller expectations that may need to align with the current market dynamics.

4. The median market rent of $1,296 shows a rising trend, indicating a growing rental demand in the area.

5. Overall market temperature is considered hot, suggesting continued buyer interest despite the challenges of elevated interest rate pressure.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.