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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Cleveland is a buyer's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in East Cleveland, OH cost?

Median Sold Price

$54,000

$26/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$16,000(-22.9%)

Key Takeaway

Homes in East Cleveland have sold for 22.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $420K$50K
-88.1%
3 $36.1K$41K
+13.4%
4 $67K$63.5K
-5.2%
5+ $119K$60K
-49.6%

Median Sold Price Compared To Nearby Cities

Cleveland Heights
+10.3%
Cleveland
+6.9%
East Cleveland
-22.9%

How many homes are available in East Cleveland, OH?

Number of Homes For Sale

Sep 2022Oct 2022%
5560+9.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 24
+100.0%
3 1417
+21.4%
4 2323
0.0%
5+ 1616
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Cleveland, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
35 Days54 Days+52.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Cleveland are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Cleveland, OH

East Cleveland, OH has 60 homes on the market. The inventory of homes for sale in East Cleveland, OH between September 2022 and October 2022 increased by 9.1%. While the average time on the market in October 2022 was 54 days, the median list price was $54,000. This housing market listing prices have changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 88.1%, prices of 3 bedrooms properties increased by 13.4%, 4 bedrooms properties became 5.2% more cheaper, prices of 5 bedrooms properties decreased by 49.6%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 100%, number of 3 bedrooms homes increased by 21.4%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory did not change. In October 2022, from all listings sold in East Cleveland, OH there were more than 2 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price.

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