$3,621 Closing Credit*
$304,900
2,454 SqFt
5 Beds
•2 Full Baths, 1 Partial
Candice Eberhardt, Listing Office: EXP Realty, LLC.
Is East Cleveland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Cleveland has remained a Buyer's Market.
Key Takeaway
East Cleveland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Cleveland, OH
How much do homes in East Cleveland, OH cost?
Median Sold Price
$63,000
$35/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,250(+11.0%)
Key Takeaway
Homes in East Cleveland have sold for 11% more than they did a year ago.
Summary: The median home sold price in East Cleveland was $63,000 in October 2024, up 11% from last year, and the median price per square foot was $35.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $20K | -78.9% |
| 3 Bedrooms | $45.2K | $63K | +39.2% |
| 4 Bedrooms | $60K | $44.2K | -26.3% |
| 5+ Bedrooms | $65K | $101K | +55.4% |
Summary: East Cleveland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 78.9%, 3 bedroom homes increased by 39.2%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes increased by 55.4%.
Median Sold Price Compared To Nearby Cities
| East Cleveland | $56.7K | $63K | +11.0% |
| Cleveland | $155.4K | $164.2K | +5.7% |
| Cleveland Heights | $199.9K | $202K | +1.0% |
Housing Supply in East Cleveland, OH
How many homes are available in East Cleveland, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The East Cleveland real estate market had 55 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The East Cleveland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Cleveland, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in East Cleveland in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for East Cleveland, OH
How long does it take to sell a home in East Cleveland, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 56 Days | +22.8% |
Summary: Homes in East Cleveland had an average of 56 days on market in Oct 2024, up by 22.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Cleveland has remained consistent over time.
Summary: During October 2024, 7 homes were sold in East Cleveland; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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