Is Cleveland, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Cleveland, GA

How much do homes in Cleveland, GA cost?

Median Sold Price

$320,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+3.2%)

Key Takeaway

Homes in Cleveland have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Cleveland was $320,000 in February 2024, up 3.2% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $117K$172K
+47.0%
2 $204K$217.5K
+6.6%
3 $294.2K$325K
+10.5%
4 $385K$448.3K
+16.5%
5+ $655K$506.5K
-22.7%

Summary: Cleveland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 22.7%.

Housing Supply in Cleveland, GA

How many homes are available in Cleveland, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
129139+7.8%

Summary: The Cleveland real estate market had 139 homes for sale in February 2024, a 7.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1925
+31.6%
2 3027
-10.0%
3 6164
+4.9%
4 710
+42.9%
5+ 1213
+8.3%

Summary: The Cleveland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Cleveland in February 2024, up by 16.7% month-over-month. Of the 26 sold homes, 65% were sold under asking, 15% were sold at asking, and 19% were sold over asking.

Days on Market for Cleveland, GA

How long does it take to sell a home in Cleveland, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days39 Days-17.3%

Summary: Homes in Cleveland had an average of 39 days on market in Feb 2024, down by 17.3% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

10 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 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 28 homes were sold in Cleveland; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% 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 27 Days Ago

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