$3,800 Closing Credit*
$320,000
1,909 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Faulcon & Associates Real Estate
Is Cleveland, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Cleveland was a Seller's Market.
Key Takeaway
Cleveland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cleveland, NC
How much do homes in Cleveland, NC cost?
Median Sold Price
$265,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$44,000(-14.2%)
Key Takeaway
Homes in Cleveland have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Cleveland was $265,000 in December 2024, down 14.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $575K | $220K | -61.7% |
| 3 Bedrooms | $293.2K | $265K | -9.6% |
| 4 Bedrooms | $680K | $269K | -60.4% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Cleveland housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 61.7%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes decreased by 60.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cleveland | $309K | $265K | -14.2% |
| Cleveland Township | $309K | $265K | -14.2% |
Housing Supply in Cleveland, NC
How many homes are available in Cleveland, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Cleveland real estate market had 24 homes for sale in December 2024, a 4.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cleveland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cleveland in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cleveland, NC
How long does it take to sell a home in Cleveland, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 17 Days | 51 Days | +190.7% |
Summary: Homes in Cleveland had an average of 51 days on market in Dec 2024, up by 190.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Cleveland; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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