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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland County is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Cleveland County was a Seller's Market.

Key Takeaway

Cleveland County 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 County, NC

How much do homes in Cleveland County, NC cost?

Median Sold Price

$239,955

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$10,612(+4.6%)

Key Takeaway

Homes in Cleveland County have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Cleveland County was $239,955 in June 2024, up 4.6% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $73K$134.5K
+84.2%
2 $164.9K$170K
+3.1%
3 $233.5K$240K
+2.8%
4 $292K$306.9K
+5.1%
5+ $385K$375K
-2.6%

Summary: Cleveland County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Counties

Rutherford County
+7.6%
Burke County
+7.1%
Cleveland County
+4.6%
Gaston County
+3.3%
Lincoln County
-1.0%

Housing Supply in Cleveland County, NC

How many homes are available in Cleveland County, NC?

Number of Homes For Sale

May 2024Jun 2024CHANGE
463489+5.6%

Summary: The Cleveland County real estate market had 489 homes for sale in June 2024, a 5.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 67
+16.7%
2 6571
+9.2%
3 255261
+2.4%
4 101114
+12.9%
5+ 3636
0.0%

Summary: The Cleveland County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
9475-20.2%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland County, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Cleveland County in June 2024, down by 20.2% month-over-month. Of the 75 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.

Days on Market for Cleveland County, NC

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

Average Sale Time

Jun 2023Jun 2024CHANGE
44 Days48 Days+10.4%

Summary: Homes in Cleveland County had an average of 48 days on market in Jun 2024, up by 10.4% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 75 homes were sold in Cleveland County; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% 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 26 Days Ago

Newest Listings in Cleveland County, NC

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What housing markets are near Cleveland County, NC?