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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Cleveland has remained a Neutral Market.

Key Takeaway

Cleveland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cleveland, NC

How much do homes in Cleveland, NC cost?

Median Sold Price

$359,000

$143/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$20,000(-5.3%)

Key Takeaway

Homes in Cleveland have sold for 5.3% less than they did a month ago.

Summary: The median home sold price in Cleveland was $359,000 in April 2024, down 5.3% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $485.5K-
N/A
3 $379K$359K
-5.3%
4 --
N/A
5+ --
N/A

Summary: Cleveland housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cleveland, NC

How many homes are available in Cleveland, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1920+5.3%

Summary: The Cleveland real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1314
+7.7%
4 23
+50.0%
5+ 11
0.0%

Summary: The Cleveland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Cleveland in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Cleveland, NC

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

Average Sale Time

Mar 2024Apr 2024CHANGE
46 Days18 Days-60.0%

Summary: Homes in Cleveland had an average of 18 days on market in Apr 2024, down by 60% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 April 2024, 3 homes were sold in Cleveland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Cleveland, NC

Nearby Markets to Cleveland, NC

What housing markets are near Cleveland, NC?