Is East Cleveland, OK 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, East Cleveland has remained a Seller's Market.
Key Takeaway
East Cleveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Cleveland, OK
How much do homes in East Cleveland, OK cost?
Median Sold Price
$265,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Cleveland have sold for 1% more than they did a year ago.
Summary: The median home sold price in East Cleveland was $265,000 in May 2024, up 1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $130K | -13.3% |
| 2 Bedrooms | $136.9K | $184K | +34.4% |
| 3 Bedrooms | $255K | $260K | +2.0% |
| 4 Bedrooms | $312.5K | $312.5K | 0.0% |
| 5+ Bedrooms | $390K | $456K | +16.9% |
Summary: East Cleveland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
| East Cleveland | $262.5K | $265K | +1.0% |
| Slaughterville | $224.9K | $222K | -1.3% |
| Noble | $202.1K | $196.7K | -2.7% |
Housing Supply in East Cleveland, OK
How many homes are available in East Cleveland, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 97 | +2.1% |
Summary: The East Cleveland real estate market had 97 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 65 | 61 | -6.2% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The East Cleveland 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 12.5%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Cleveland, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in East Cleveland in May 2024, up by 4.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for East Cleveland, OK
How long does it take to sell a home in East Cleveland, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 50 Days | +87.4% |
Summary: Homes in East Cleveland had an average of 50 days on market in May 2024, up by 87.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Cleveland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 22 homes were sold in East Cleveland; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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