$4,156 Closing Credit*
$350,000
2,135 SqFt
3 Beds
•3 Full Baths
Listing Office: Richardson Group KW Cleveland
Is Cleveland, TN 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, Cleveland has remained a Seller's Market.
Key Takeaway
Cleveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cleveland, TN
How much do homes in Cleveland, TN cost?
Median Sold Price
$318,238
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,427(+5.4%)
Key Takeaway
Homes in Cleveland have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Cleveland was $318,238 in October 2024, up 5.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $52K | $225K | +332.7% |
| 2 Bedrooms | $225.7K | $235K | +4.1% |
| 3 Bedrooms | $286.6K | $300K | +4.7% |
| 4 Bedrooms | $387.9K | $395.6K | +2.0% |
| 5+ Bedrooms | $435K | $460K | +5.7% |
Summary: Cleveland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 332.7%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $301.8K | $318.2K | +5.4% |
| Mc Donald | $479K | $472.4K | -1.4% |
Housing Supply in Cleveland, TN
How many homes are available in Cleveland, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 694 | 647 | -6.8% |
Summary: The Cleveland real estate market had 647 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 40 | -4.8% |
| 2 Bedrooms | 127 | 126 | -0.8% |
| 3 Bedrooms | 324 | 288 | -11.1% |
| 4 Bedrooms | 161 | 157 | -2.5% |
| 5+ Bedrooms | 40 | 36 | -10.0% |
Summary: The Cleveland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 110 | -25.2% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland, you may be able to get a good deal. 47.3% of homes here sold below asking price last month.
Summary: A total of 110 homes were sold or pending in Cleveland in October 2024, down by 25.2% month-over-month. Of the 110 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Cleveland, TN
How long does it take to sell a home in Cleveland, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 31 Days | -0.9% |
Summary: Homes in Cleveland had an average of 31 days on market in Oct 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cleveland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 110 homes were sold in Cleveland; 32% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.