Is Cleveland County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cleveland County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.7K | $135K | +93.5% |
2 Bedrooms | $160K | $167K | +4.4% |
3 Bedrooms | $226K | $237.7K | +5.2% |
4 Bedrooms | $287.6K | $295.5K | +2.7% |
5+ Bedrooms | $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 | $250.3K | $266.3K | +6.4% |
Burke County | $240K | $252K | +5.0% |
Cleveland County | $225K | $234.8K | +4.4% |
Gaston County | $301.7K | $300.2K | -0.5% |
Lincoln County | $377K | $368.5K | -2.3% |
Housing Supply in Cleveland County, NC
How many homes are available in Cleveland County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
401 | 427 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 67 | 67 | 0.0% |
3 Bedrooms | 220 | 241 | +9.5% |
4 Bedrooms | 79 | 84 | +6.3% |
5+ Bedrooms | 28 | 27 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 82 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 43 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
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.