Is Cleveland County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Cleveland County, NC

How much do homes in Cleveland County, NC cost?

Median Sold Price

$252,443

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,109(+10.1%)

Key Takeaway

Homes in Cleveland County have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Cleveland County was $252,443 in October 2024, up 10.1% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $94K$117K
+24.5%
2 $164.9K$170K
+3.1%
3 $237.4K$250K
+5.3%
4 $279K$308.9K
+10.7%
5+ $367.5K$377.5K
+2.7%

Summary: Cleveland County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.5%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Counties

Cleveland County
+10.1%
Rutherford County
+10.0%
Gaston County
+5.2%
Burke County
+4.0%
Lincoln County
+2.7%

Housing Supply in Cleveland County, NC

How many homes are available in Cleveland County, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
482536+11.2%

Summary: The Cleveland County real estate market had 536 homes for sale in October 2024, a 11.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 86
-25.0%
2 5766
+15.8%
3 284329
+15.8%
4 99100
+1.0%
5+ 3435
+2.9%

Summary: The Cleveland County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6475+17.2%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland County, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Cleveland County in October 2024, up by 17.2% month-over-month. Of the 75 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.

Days on Market for Cleveland County, NC

How long does it take to sell a home in Cleveland County, NC?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days60 Days+73.6%

Summary: Homes in Cleveland County had an average of 60 days on market in Oct 2024, up by 73.6% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 75 homes were sold in Cleveland County; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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 20 Days Ago

Newest Listings in Cleveland County, NC

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