Is East Cleveland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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, OH
How much do homes in East Cleveland, OH cost?
Median Sold Price
$55,750
$29/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in East Cleveland has remained the same since last year.
Summary: The median home sold price in East Cleveland was $55,750 in April 2024, down 0.4% from last year, and the median price per square foot was $29.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55K | $17K | -69.1% |
| 3 Bedrooms | $40K | $52.5K | +31.3% |
| 4 Bedrooms | $61.5K | $45K | -26.8% |
| 5+ Bedrooms | $65K | $90K | +38.5% |
Summary: East Cleveland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 69.1%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes increased by 38.5%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $155.3K | $157.3K | +1.3% |
| Cleveland Heights | $197.9K | $199.9K | +1.0% |
| East Cleveland | $56K | $55.7K | -0.4% |
Housing Supply in East Cleveland, OH
How many homes are available in East Cleveland, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The East Cleveland real estate market had 50 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The East 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 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. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in East Cleveland in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for East Cleveland, OH
How long does it take to sell a home in East Cleveland, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 83 Days | 88 Days | +6.5% |
Summary: Homes in East Cleveland had an average of 88 days on market in Apr 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East Cleveland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in East Cleveland; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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