$140,000
0.46 Acres
Land
Teresa Martinez, Listing Office: Fathom Realty
Is Cleveland, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cleveland was a Neutral Market.
Key Takeaway
Cleveland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cleveland, TX
How much do homes in Cleveland, TX cost?
Median Sold Price
$249,608
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,968(+0.8%)
Key Takeaway
Homes in Cleveland have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Cleveland was $249,608 in October 2024, up 0.8% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.7K | $115K | -42.4% |
| 2 Bedrooms | $181.5K | $160K | -11.8% |
| 3 Bedrooms | $235K | $242.3K | +3.1% |
| 4 Bedrooms | $279.4K | $263.9K | -5.5% |
| 5+ Bedrooms | $350K | $264.4K | -24.4% |
Summary: Cleveland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.4%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Cleveland | $247.6K | $249.6K | +0.8% |
| Southeast Montgomery | $355.8K | $357K | 0.3% |
Housing Supply in Cleveland, TX
How many homes are available in Cleveland, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 367 | 416 | +13.4% |
Summary: The Cleveland real estate market had 416 homes for sale in October 2024, a 13.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 33 | 33 | 0.0% |
| 3 Bedrooms | 168 | 203 | +20.8% |
| 4 Bedrooms | 117 | 128 | +9.4% |
| 5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The Cleveland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Cleveland in October 2024, up by 3.2% month-over-month. Of the 32 sold homes, 34% were sold under asking, 50% were sold at asking, and 16% were sold over asking.
Days on Market for Cleveland, TX
How long does it take to sell a home in Cleveland, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 74 Days | +27.4% |
Summary: Homes in Cleveland had an average of 74 days on market in Oct 2024, up by 27.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cleveland has remained consistent over time.
Summary: During October 2024, 32 homes were sold in Cleveland; 31% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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