Is Cleveland, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cleveland was a Seller's Market.
Key Takeaway
Cleveland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cleveland, TX
How much do homes in Cleveland, TX cost?
Median Sold Price
$243,450
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cleveland have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Cleveland was $243,450 in March 2024, up 13.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $165K | +135.7% |
| 2 Bedrooms | $180K | $188K | +4.4% |
| 3 Bedrooms | $209.5K | $230K | +9.8% |
| 4 Bedrooms | $271K | $277.6K | +2.5% |
| 5+ Bedrooms | $220K | $328.5K | +49.3% |
Summary: Cleveland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 135.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 49.3%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $215K | $243.4K | +13.2% |
| Southeast Montgomery | $372.3K | $356K | -4.4% |
Housing Supply in Cleveland, TX
How many homes are available in Cleveland, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 349 | 389 | +11.5% |
Summary: The Cleveland real estate market had 389 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 49 | 49 | 0.0% |
| 3 Bedrooms | 167 | 181 | +8.4% |
| 4 Bedrooms | 99 | 111 | +12.1% |
| 5+ Bedrooms | 26 | 41 | +57.7% |
Summary: The Cleveland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 57.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Cleveland in March 2024, up by 12.1% month-over-month. Of the 37 sold homes, 65% were sold under asking, 27% were sold at asking, and 8% were sold over asking.
Days on Market for Cleveland, TX
How long does it take to sell a home in Cleveland, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 91 Days | +41.0% |
Summary: Homes in Cleveland had an average of 91 days on market in Mar 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cleveland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 37 homes were sold in Cleveland; 32% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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