Is Cleveland, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cleveland has remained a Seller's Market.
Housing Prices in Cleveland, GA
How much do homes in Cleveland, GA cost?
Median Sold Price
$308,333
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cleveland was $308,333 in May 2024, up 3.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.2K | $163.7K | +51.3% |
2 Bedrooms | $199K | $215K | +8.0% |
3 Bedrooms | $297.5K | $326K | +9.6% |
4 Bedrooms | $367.5K | $450K | +22.4% |
5+ Bedrooms | $503K | $519.9K | +3.4% |
Summary: Cleveland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 3.4%.
Housing Supply in Cleveland, GA
How many homes are available in Cleveland, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
169 | 206 | +21.9% |
Summary: The Cleveland real estate market had 206 homes for sale in May 2024, a 21.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 32 | +18.5% |
2 Bedrooms | 34 | 44 | +29.4% |
3 Bedrooms | 70 | 81 | +15.7% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Cleveland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Cleveland in May 2024, up by 20.6% month-over-month. Of the 40 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Cleveland, GA
How long does it take to sell a home in Cleveland, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 35 Days | +40.1% |
Summary: Homes in Cleveland had an average of 35 days on market in May 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 41 homes were sold in Cleveland; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.