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 October 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

$305,750

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,583(-1.2%)

Key Takeaway

Homes in Cleveland have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Cleveland was $305,750 in October 2024, down 1.2% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$132K
-20.0%
2 $213.5K$207K
-3.0%
3 $302K$336K
+11.3%
4 $399.9K$434.5K
+8.7%
5+ $494K$545K
+10.3%

Summary: Cleveland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 10.3%.

Housing Supply in Cleveland, GA

How many homes are available in Cleveland, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165194+17.6%

Summary: The Cleveland real estate market had 194 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2939
+34.5%
2 2228
+27.3%
3 8191
+12.3%
4 1621
+31.3%
5+ 1715
-11.8%

Summary: The Cleveland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 34.5%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2425+4.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 72% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Cleveland in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 72% were sold under asking, 12% were sold at asking, and 16% 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

Oct 2023Oct 2024CHANGE
28 Days42 Days+50.2%

Summary: Homes in Cleveland had an average of 42 days on market in Oct 2024, up by 50.2% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 25 homes were sold in Cleveland; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% 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 16 Days Ago

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