Is Cleveland, TX 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 Buyer's Market.
Housing Prices in Cleveland, TX
How much do homes in Cleveland, TX cost?
Median Sold Price
$239,806
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cleveland was $239,806 in April 2024, up 6.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.5K | $140K | +1.1% |
2 Bedrooms | $169.9K | $190K | +11.8% |
3 Bedrooms | $220.5K | $230K | +4.3% |
4 Bedrooms | $278K | $278.9K | 0.4% |
5+ Bedrooms | $220K | $327K | +48.6% |
Summary: Cleveland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 48.6%.
Median Sold Price Compared To Nearby Cities
Cleveland | $224.5K | $239.8K | +6.8% |
Southeast Montgomery | $371.4K | $356.6K | -4.0% |
Housing Supply in Cleveland, TX
How many homes are available in Cleveland, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
366 | 397 | +8.5% |
Summary: The Cleveland real estate market had 397 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 | 7 | 8 | +14.3% |
2 Bedrooms | 47 | 48 | +2.1% |
3 Bedrooms | 173 | 184 | +6.4% |
4 Bedrooms | 99 | 111 | +12.1% |
5+ Bedrooms | 40 | 46 | +15.0% |
Summary: The Cleveland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 34 | -15.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Cleveland in April 2024, down by 15.0% month-over-month. Of the 34 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
121 Days | 55 Days | -54.5% |
Summary: Homes in Cleveland had an average of 55 days on market in Apr 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Cleveland; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.