Is Cleveland, TX 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 Seller's Market.
Housing Prices in Cleveland, TX
How much do homes in Cleveland, TX cost?
Median Sold Price
$235,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cleveland was $235,000 in May 2024, down 4.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211K | $103K | -51.2% |
2 Bedrooms | $183K | $175.5K | -4.1% |
3 Bedrooms | $231K | $229.4K | -0.7% |
4 Bedrooms | $287.9K | $266.4K | -7.5% |
5+ Bedrooms | $327K | $307.9K | -5.8% |
Summary: Cleveland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.2%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Southeast Montgomery | $364.8K | $355.2K | -2.6% |
Cleveland | $244.9K | $235K | -4.1% |
Housing Supply in Cleveland, TX
How many homes are available in Cleveland, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
378 | 437 | +15.6% |
Summary: The Cleveland real estate market had 437 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 47 | 45 | -4.3% |
3 Bedrooms | 158 | 195 | +23.4% |
4 Bedrooms | 114 | 131 | +14.9% |
5+ Bedrooms | 52 | 59 | +13.5% |
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 decreased by 4.3%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 41 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Cleveland in May 2024, the same as the previous month. Of the 40 sold homes, 48% were sold under asking, 38% were sold at asking, and 15% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 69 Days | +5.9% |
Summary: Homes in Cleveland had an average of 69 days on market in May 2024, up by 5.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Cleveland; 54% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.