Cleveland, OH 44104 Real Estate Market Report

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

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Executive Overview

The Cleveland, OH (ZIP: 44104) market is currently characterized by a median sold price of $79,000, reflecting a modest appreciation trend. This price point indicates a stable market environment, especially as the area has experienced an upward trajectory in property values. The neighborhood has increased 8% since 2022, suggesting a strengthening market despite some fluctuations in recent months.

Transaction activity remains moderate, with 224 median days on market indicating a slower sales velocity. Elevated inventory levels relative to sales activity suggest that while there is demand, it is tempered by factors such as elevated interest rates, which currently range between 5.875% and 6.09% for 30-year fixed mortgages. The market temperature is classified as hot, driven by strong local affordability and a median market rent of $1,296, which continues to attract buyers and investors alike.

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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

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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 the Cleveland OH 44104 market average around 5.875% to 6.09%, which is lower than the 6.87% average seen one year ago.

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 $79,000 indicates a stable market with positive appreciation trends.

2. With 224 median days on market, the area is experiencing slower sales velocity and moderate transaction activity.

3. Elevated inventory levels suggest excess supply relative to sales activity, impacting market dynamics.

4. The median listing price of $85,000 reflects seller expectations that may not align with current buyer sentiment.

5. Interest rates are currently elevated, which may pressure buyer demand and overall market liquidity.

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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.