Is Cleveland Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Cleveland Township has remained a Seller's Market.

Key Takeaway

Cleveland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cleveland Township, NC

How much do homes in Cleveland Township, NC cost?

Median Sold Price

$297,250

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$24,750(+9.1%)

Key Takeaway

Homes in Cleveland Township have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Cleveland Township was $297,250 in May 2024, up 9.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $96.5K$428K
+343.5%
3 $260K$280.9K
+8.1%
4 $325K$756.5K
+132.8%
5+ $812.5K-
N/A

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 343.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 132.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cleveland Township
+9.1%
Cleveland
-0.9%

Housing Supply in Cleveland Township, NC

How many homes are available in Cleveland Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1923+21.1%

Summary: The Cleveland Township real estate market had 23 homes for sale in May 2024, a 21.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1315
+15.4%
4 33
0.0%
5+ 11
0.0%

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 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cleveland Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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 2023May 2024CHANGE
14 Days61 Days+324.1%

Summary: Homes in Cleveland Township had an average of 61 days on market in May 2024, up by 324.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cleveland Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Cleveland Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Cleveland Township, NC

Nearby Markets to Cleveland Township, NC

What housing markets are near Cleveland Township, NC?