Is Cleveland Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cleveland Township has remained a Seller's Market.
Housing Prices in Cleveland Township, NC
How much do homes in Cleveland Township, NC cost?
Median Sold Price
$400,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cleveland Township was $400,000 in May 2024, down 5.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $285K | $365K | +28.1% |
3 Bedrooms | $375K | $365K | -2.7% |
4 Bedrooms | $474.2K | $469K | -1.1% |
5+ Bedrooms | $595.2K | $574.9K | -3.4% |
Summary: Cleveland Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Elevation Township | $349.9K | $354.9K | +1.4% |
Pleasant Grove Township | $380K | $384.8K | +1.3% |
Clayton Township | $379.9K | $369.9K | -2.6% |
Willow Spring | $425K | $405K | -4.7% |
Cleveland Township | $425.2K | $400K | -5.9% |
Housing Supply in Cleveland Township, NC
How many homes are available in Cleveland Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 152 | 0.0% |
Summary: The Cleveland Township real estate market had 152 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 79 | 82 | +3.8% |
4 Bedrooms | 48 | 48 | 0.0% |
5+ Bedrooms | 19 | 14 | -26.3% |
Summary: The Cleveland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Cleveland Township in May 2024, up by 20.6% month-over-month. Of the 41 sold homes, 56% were sold under asking, 17% were sold at asking, and 27% were sold over asking.
Days on Market for Cleveland Township, NC
How long does it take to sell a home in Cleveland Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 28 Days | -66.8% |
Summary: Homes in Cleveland Township had an average of 28 days on market in May 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Cleveland Township; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.