$6,828 Closing Credit*
$575,000
2,815 SqFt
3 Beds
•3 Full Baths, 1 Partial
Marta Peralta, Listing Office: Keller Williams Realty Metropolitan
Is Cleveland, TX 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, Cleveland has remained a Buyer's 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
$255,175
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,054(+3.3%)
Key Takeaway
Homes in Cleveland have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Cleveland was $255,175 in November 2024, up 3.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.2K | $115K | -18.6% |
| 2 Bedrooms | $185K | $154.5K | -16.5% |
| 3 Bedrooms | $230.9K | $245.9K | +6.5% |
| 4 Bedrooms | $279.9K | $270K | -3.6% |
| 5+ Bedrooms | $327K | $263.2K | -19.5% |
Summary: Cleveland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Southeast Montgomery | $339.5K | $354.7K | +4.5% |
| Cleveland | $247.1K | $255.1K | +3.3% |
Housing Supply in Cleveland, TX
How many homes are available in Cleveland, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 379 | 417 | +10.0% |
Summary: The Cleveland real estate market had 417 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 35 | 41 | +17.1% |
| 3 Bedrooms | 181 | 198 | +9.4% |
| 4 Bedrooms | 115 | 129 | +12.2% |
| 5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The Cleveland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cleveland, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Cleveland in November 2024, up by 3.0% month-over-month. Of the 33 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 116 Days | +70.0% |
Summary: Homes in Cleveland had an average of 116 days on market in Nov 2024, up by 70% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cleveland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 34 homes were sold in Cleveland; 35% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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