Is East Cleveland, OK 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, East Cleveland has remained a Seller's Market.
Key Takeaway
East Cleveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Cleveland, OK
How much do homes in East Cleveland, OK cost?
Median Sold Price
$280,149
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Cleveland have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in East Cleveland was $280,149 in March 2024, up 9.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $130K | -13.3% |
| 2 Bedrooms | $137.8K | $173K | +25.5% |
| 3 Bedrooms | $250K | $266K | +6.4% |
| 4 Bedrooms | $329K | $330.2K | 0.4% |
| 5+ Bedrooms | $475K | $426K | -10.3% |
Summary: East Cleveland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Slaughterville | $212K | $235K | +10.8% |
| East Cleveland | $255K | $280.1K | +9.9% |
| Noble | $195K | $194K | -0.5% |
Housing Supply in East Cleveland, OK
How many homes are available in East Cleveland, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 95 | +13.1% |
Summary: The East Cleveland real estate market had 95 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 54 | 63 | +16.7% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The East Cleveland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 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. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in East Cleveland in March 2024, up by 66.7% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for East Cleveland, OK
How long does it take to sell a home in East Cleveland, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 59 Days | 0.2% |
Summary: Homes in East Cleveland had an average of 59 days on market in Mar 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Cleveland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in East Cleveland; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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