Is East Cleveland, OH 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, East Cleveland was a Seller's Market.
Key Takeaway
East Cleveland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Cleveland, OH
How much do homes in East Cleveland, OH cost?
Median Sold Price
$56,500
$29/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in East Cleveland have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in East Cleveland was $56,500 in June 2024, up 8.1% from last year, and the median price per square foot was $29.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | $18.5K | -69.2% |
| 3 Bedrooms | $40K | $58K | +45.0% |
| 4 Bedrooms | $60K | $43.5K | -27.5% |
| 5+ Bedrooms | $60K | $90K | +50.0% |
Summary: East Cleveland housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 69.2%, 3 bedroom homes increased by 45%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| East Cleveland | $52.2K | $56.5K | +8.1% |
| Cleveland | $154.8K | $159.9K | +3.3% |
| Cleveland Heights | $198.1K | $199.9K | +0.9% |
Housing Supply in East Cleveland, OH
How many homes are available in East Cleveland, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 44 | 51 | +15.9% |
Summary: The East Cleveland real estate market had 51 homes for sale in June 2024, a 15.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The East Cleveland housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Cleveland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Cleveland in June 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Cleveland, OH
How long does it take to sell a home in East Cleveland, OH?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 87 Days | 80 Days | -7.8% |
Summary: Homes in East Cleveland had an average of 80 days on market in Jun 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East Cleveland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 5 homes were sold in East Cleveland; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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