Is Cleveland, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Cleveland has remained a Neutral Market.

Key Takeaway

Cleveland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cleveland, NC

How much do homes in Cleveland, NC cost?

Median Sold Price

$359,000

$143/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$20,000(-5.3%)

Key Takeaway

Homes in Cleveland have sold for 5.3% less than they did a month ago.

Summary: The median home sold price in Cleveland was $359,000 in April 2024, down 5.3% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $485.5K-
N/A
3 $379K$359K
-5.3%
4 --
N/A
5+ --
N/A

Summary: Cleveland housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cleveland, NC

How many homes are available in Cleveland, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1920+5.3%

Summary: The Cleveland real estate market had 20 homes for sale in April 2024, a 5.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1314
+7.7%
4 23
+50.0%
5+ 11
0.0%

Summary: The Cleveland 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 decreased by 33.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Cleveland in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Cleveland, NC

How long does it take to sell a home in Cleveland, NC?

Average Sale Time

Mar 2024Apr 2024CHANGE
46 Days18 Days-60.0%

Summary: Homes in Cleveland had an average of 18 days on market in Apr 2024, down by 60% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 3 homes were sold in Cleveland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

Newest Listings in Cleveland, NC

Nearby Markets to Cleveland, NC

What housing markets are near Cleveland, NC?