Is Cleveland, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Cleveland was a Seller's Market.

Key Takeaway

Cleveland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cleveland, GA

How much do homes in Cleveland, GA cost?

Median Sold Price

$306,500

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,250(-1.0%)

Key Takeaway

Homes in Cleveland have sold for 1% less than they did a year ago.

Summary: The median home sold price in Cleveland was $306,500 in November 2024, down 1% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $168.5K$125K
-25.8%
2 $217K$207K
-4.6%
3 $305K$339K
+11.1%
4 $399.9K$426.6K
+6.7%
5+ $494K$587.5K
+18.9%

Summary: Cleveland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 18.9%.

Housing Supply in Cleveland, GA

How many homes are available in Cleveland, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
158195+23.4%

Summary: The Cleveland real estate market had 195 homes for sale in November 2024, a 23.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3442
+23.5%
2 1734
+100.0%
3 8283
+1.2%
4 1321
+61.5%
5+ 1215
+25.0%

Summary: The Cleveland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25250.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Cleveland in November 2024, the same as the previous month. Of the 24 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
34 Days44 Days+30.0%

Summary: Homes in Cleveland had an average of 44 days on market in Nov 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cleveland are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Cleveland; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Cleveland, GA

Nearby Markets to Cleveland, GA