Is Cleveland, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Cleveland has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $172K | +47.0% |
2 Bedrooms | $204K | $217.5K | +6.6% |
3 Bedrooms | $294.2K | $325K | +10.5% |
4 Bedrooms | $385K | $448.3K | +16.5% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
129 | 139 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 25 | +31.6% |
2 Bedrooms | 30 | 27 | -10.0% |
3 Bedrooms | 61 | 64 | +4.9% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 12 | 13 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 28 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 39 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
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.