Is Cleveland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cleveland was a Buyer's Market.
Housing Prices in Cleveland, NY
How much do homes in Cleveland, NY cost?
Median Sold Price
$177,500
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cleveland was $177,500 in May 2024, down 5% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $120K | N/A |
2 Bedrooms | $177.6K | $180K | +1.3% |
3 Bedrooms | $139.2K | $162.5K | +16.7% |
4 Bedrooms | $226.5K | $167K | -26.3% |
5+ Bedrooms | $530K | $385K | -27.4% |
Summary: Cleveland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes decreased by 27.4%.
Median Sold Price Compared To Nearby Cities
Vienna | $177.7K | $197.8K | +11.3% |
Constantia | $193.2K | $206K | +6.6% |
Cleveland | $186.7K | $177.5K | -5.0% |
Cleveland | $190.5K | $177.5K | -6.9% |
Housing Supply in Cleveland, NY
How many homes are available in Cleveland, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Summary: The Cleveland real estate market had 10 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Cleveland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Cleveland in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cleveland, NY
How long does it take to sell a home in Cleveland, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 58 Days | +1362.5% |
Summary: Homes in Cleveland had an average of 58 days on market in May 2024, up by 1362.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Cleveland; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.