Is Cleveland, TN 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, Cleveland has remained a Seller's Market.
Key Takeaway
Cleveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland, TN
How much do homes in Cleveland, TN cost?
Median Sold Price
$308,024
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cleveland have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Cleveland was $308,024 in April 2024, up 6.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $91.2K | +204.0% |
| 2 Bedrooms | $200K | $229K | +14.5% |
| 3 Bedrooms | $275K | $295.3K | +7.4% |
| 4 Bedrooms | $365K | $396.9K | +8.7% |
| 5+ Bedrooms | $510K | $435K | -14.7% |
Summary: Cleveland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 204%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $289.8K | $308K | +6.3% |
| Mc Donald | $527.5K | $365K | -30.8% |
Housing Supply in Cleveland, TN
How many homes are available in Cleveland, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 495 | 537 | +8.5% |
Summary: The Cleveland real estate market had 537 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 63 | 67 | +6.3% |
| 3 Bedrooms | 255 | 277 | +8.6% |
| 4 Bedrooms | 128 | 137 | +7.0% |
| 5+ Bedrooms | 48 | 56 | +16.7% |
Summary: The Cleveland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 88 | 115 | +30.7% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Cleveland in April 2024, up by 30.7% month-over-month. Of the 115 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.
Days on Market for Cleveland, TN
How long does it take to sell a home in Cleveland, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +43.2% |
Summary: Homes in Cleveland had an average of 53 days on market in Apr 2024, up by 43.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 115 homes were sold in Cleveland; 15% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.