Is Cleveland Real Estate, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cleveland Real Estate has remained a Seller's Market.
Key Takeaway
Cleveland Real Estate is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland Real Estate, OH
How much do homes in Cleveland Real Estate, OH cost?
Median Sold Price
$85,000
$55/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cleveland Real Estate have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Cleveland Real Estate was $85,000 in April 2024, up 6.3% from last year, and the median price per square foot was $55.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $79.7K | - | N/A |
| 3 Bedrooms | $79.5K | $80K | +0.6% |
| 4 Bedrooms | $80K | $137K | +71.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cleveland Real Estate housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 71.3%, and 5+ bedroom homes did not change.
Housing Supply in Cleveland Real Estate, OH
How many homes are available in Cleveland Real Estate, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Cleveland Real Estate real estate market had 4 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cleveland Real Estate housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland Real Estate, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cleveland Real Estate in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Cleveland Real Estate, OH
How long does it take to sell a home in Cleveland Real Estate, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 101 Days | 75 Days | -25.2% |
Summary: Homes in Cleveland Real Estate had an average of 75 days on market in Apr 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cleveland Real Estate has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Cleveland Real Estate; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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