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 seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Cleveland County, NC

How much do homes in Cleveland County, NC cost?

Median Sold Price

$234,861

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,861(+4.4%)

Key Takeaway

Homes in Cleveland County have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Cleveland County was $234,861 in March 2024, up 4.4% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $69.7K$135K
+93.5%
2 $160K$167K
+4.4%
3 $226K$237.7K
+5.2%
4 $287.6K$295.5K
+2.7%
5+ $385K$355K
-7.8%

Summary: Cleveland County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Counties

Rutherford County
+6.4%
Burke County
+5.0%
Cleveland County
+4.4%
Gaston County
-0.5%
Lincoln County
-2.3%

Housing Supply in Cleveland County, NC

How many homes are available in Cleveland County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
401427+6.5%

Summary: The Cleveland County real estate market had 427 homes for sale in March 2024, a 6.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 78
+14.3%
2 6767
0.0%
3 220241
+9.5%
4 7984
+6.3%
5+ 2827
-3.6%

Summary: The Cleveland County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6182+34.4%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

22 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. 58.5% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Cleveland County in March 2024, up by 34.4% month-over-month. Of the 82 sold homes, 59% were sold under asking, 27% were sold at asking, and 15% 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

Mar 2023Mar 2024CHANGE
53 Days43 Days-17.6%

Summary: Homes in Cleveland County had an average of 43 days on market in Mar 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

14 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 March 2024, 82 homes were sold in Cleveland County; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% 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 18 Days Ago

Newest Listings in Cleveland County, NC

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