Is Cleveland County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Cleveland County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73K | $134.5K | +84.2% |
2 Bedrooms | $164.9K | $170K | +3.1% |
3 Bedrooms | $233.5K | $240K | +2.8% |
4 Bedrooms | $292K | $306.9K | +5.1% |
5+ Bedrooms | $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 | $250K | $268.8K | +7.6% |
Burke County | $242.2K | $259.4K | +7.1% |
Cleveland County | $229.3K | $239.9K | +4.6% |
Gaston County | $299.2K | $309.1K | +3.3% |
Lincoln County | $374.6K | $370.8K | -1.0% |
Housing Supply in Cleveland County, NC
How many homes are available in Cleveland County, NC?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
463 | 489 | +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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 65 | 71 | +9.2% |
3 Bedrooms | 255 | 261 | +2.4% |
4 Bedrooms | 101 | 114 | +12.9% |
5+ Bedrooms | 36 | 36 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
94 | 75 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
44 Days | 48 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
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.