Cleveland, OH 44104 Real Estate Market Report

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

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Executive Overview

As of February 2026, the real estate market in Cleveland, OH (ZIP: 44104) is characterized by a median sold price of $74,000, reflecting a challenging environment for sellers. The neighborhood has experienced a flat price trend, indicating stability but also a lack of upward momentum in property values. This suggests that while properties are selling, they are not appreciating significantly, which may be a concern for potential investors looking for growth in this area.

The market is currently exhibiting elevated inventory levels, with a median days on market of 231 days, indicating slower sales velocity and a potential oversupply relative to demand. This extended time on the market may suggest that buyers are exercising caution, leading to a more tempered transaction volume. Overall, the market appears to be operating under conditions that favor buyers, with a median listing price of $92,000, which is significantly higher than the sold prices, indicating potential pricing friction as sellers adjust expectations to align with buyer sentiment.

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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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Cleveland OH market around 6.00% are slightly lower than the January 2026 average of 6.18%, presenting a minor cost advantage for new financing.

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 $74,000 indicates a market where actual transaction values are significantly lower than listing expectations, suggesting pricing friction.

2. With a median days on market of 231 days, the market is experiencing slower sales velocity, which may deter new listings from entering the market.

3. The median listing price of $92,000 compared to the sold price indicates a significant gap, reflecting elevated inventory levels and potential seller adjustments needed.

4. The market temperature is classified as cold, suggesting a lack of competitive bidding and a cautious buyer sentiment.

5. Rental demand remains strong with a median market rent of $1,296, indicating that while sales may be slow, rental properties are still in demand, providing a potential opportunity for investors.

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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.