$1,366 Closing Credit*
$115,000
1,900 SqFt
5 Beds
•1 Full Bath, 1 Partial
Ryan Sackman, Listing Office: Berkshire Hathaway HomeServices Professional Realty
Is East Cleveland, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Cleveland has remained a Neutral Market.
Key Takeaway
East 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 East Cleveland, OH
How much do homes in East Cleveland, OH cost?
Median Sold Price
$63,000
$33/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,000(+10.5%)
Key Takeaway
Homes in East Cleveland have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in East Cleveland was $63,000 in November 2024, up 10.5% from last year, and the median price per square foot was $33.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $20K | -78.9% |
| 3 Bedrooms | $47K | $63K | +34.0% |
| 4 Bedrooms | $60K | $44.2K | -26.3% |
| 5+ Bedrooms | $67.5K | $101K | +49.6% |
Summary: East Cleveland housing prices by bedroom type for November 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 34%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes increased by 49.6%.
Median Sold Price Compared To Nearby Cities
| East Cleveland | $57K | $63K | +10.5% |
| Cleveland | $155.7K | $165K | +6.0% |
| Cleveland Heights | $199.5K | $208.4K | +4.5% |
Housing Supply in East Cleveland, OH
How many homes are available in East Cleveland, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 54 | +1.9% |
Summary: The East Cleveland real estate market had 54 homes for sale in November 2024, a 1.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The East Cleveland housing inventory by bedroom type for November 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 18.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in East Cleveland in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 114 Days | +186.9% |
Summary: Homes in East Cleveland had an average of 114 days on market in Nov 2024, up by 186.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Cleveland has remained consistent over time.
Summary: During November 2024, 8 homes were sold in East Cleveland; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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