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

Housing Market Conditions



Gauge showing Cleveland is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Cleveland, OH

How much do homes in Cleveland, OH cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Cleveland have sold for 32% more than they did a year ago.

Summary: The median home sold price in Cleveland was $150,000 in November 2023, up 32% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $142K$89.5K
2 $105K$129.7K
3 $120K$159.2K
4 $99.9K$144.9K
5+ $115K$146K

Summary: Cleveland housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 37%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 45.1%, and 5+ bedroom homes increased by 27%.

Median Sold Price Compared To Nearby Cities

Newburgh Heights

Housing Supply in Cleveland, OH

How many homes are available in Cleveland, OH?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Cleveland real estate market had 2,963 homes for sale in November 2023, a 4.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 3131
2 350332
3 1,5051,463
4 781751
5+ 429386

Summary: The Cleveland housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

347 Homes Were Sold
Under Asking

90 Homes Were Sold
At Asking

229 Homes Were 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. 52.1% of homes here sold below asking price last month.

Summary: A total of 666 homes were sold or pending in Cleveland in November 2023, down by 14.4% month-over-month. Of the 666 sold homes, 52% were sold under asking, 14% were sold at asking, and 34% were sold over asking.

Days on Market for Cleveland, OH

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

Average Sale Time

Nov 2022Nov 2023CHANGE
44 Days33 Days-23.3%

Summary: Homes in Cleveland had an average of 33 days on market in Nov 2023, down by 23.3% compared to last year.

Breakdown of Home Sale Times

414 Homes Were Sold
Under 30 Days

200 Homes Were Sold
In 30 - 90 Days

52 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 November 2023, 666 homes were sold in Cleveland; 62% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% 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 9 Days Ago

Newest Listings in Cleveland, OH

Nearby Markets to Cleveland, OH

What housing markets are near Cleveland, OH?