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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cleveland Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Cleveland Township has remained a Seller's Market.

Key Takeaway

Cleveland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cleveland Township, NC

How much do homes in Cleveland Township, NC cost?

Median Sold Price

$400,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$4,860(-1.2%)

Key Takeaway

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

Summary: The median home sold price in Cleveland Township was $400,000 in December 2024, down 1.2% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $317K$259.9K
-18.0%
3 $361.3K$370K
+2.4%
4 $457.5K$448.5K
-2.0%
5+ $548.2K$539K
-1.7%

Summary: Cleveland Township 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 18%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 1.7%.

Median Sold Price Compared To Nearby Cities

Elevation Township
+7.9%
Willow Spring
+3.6%
Clayton Township
0.1%
Cleveland Township
-1.2%
Pleasant Grove Township
-1.3%

Housing Supply in Cleveland Township, NC

How many homes are available in Cleveland Township, NC?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
163153-6.1%

Summary: The Cleveland Township real estate market had 153 homes for sale in December 2024, a 6.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 8068
-15.0%
4 5556
+1.8%
5+ 2123
+9.5%

Summary: The Cleveland Township 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 decreased by 14.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3532-8.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cleveland Township, expect to pay close to the asking price. 53.1% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in Cleveland Township in December 2024, down by 8.6% month-over-month. Of the 32 sold homes, 41% were sold under asking, 53% were sold at asking, and 6% were sold over asking.

Days on Market for Cleveland Township, NC

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

Average Sale Time

Dec 2023Dec 2024CHANGE
55 Days48 Days-12.2%

Summary: Homes in Cleveland Township had an average of 48 days on market in Dec 2024, down by 12.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 32 homes were sold in Cleveland Township; 44% of homes were sold within 30 days, 41% 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 4 Days Ago

Newest Listings in Cleveland Township, NC

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What housing markets are near Cleveland Township, NC?