Is Cleveland County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cleveland County has remained a Seller's Market.
Housing Prices in Cleveland County, NC
How much do homes in Cleveland County, NC cost?
Median Sold Price
$234,669
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cleveland County was $234,669 in April 2024, up 4.2% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $135K | +92.9% |
2 Bedrooms | $160K | $167K | +4.4% |
3 Bedrooms | $229K | $237K | +3.5% |
4 Bedrooms | $288.9K | $295.5K | +2.3% |
5+ Bedrooms | $352.5K | $380K | +7.8% |
Summary: Cleveland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Counties
Burke County | $240K | $255K | +6.3% |
Rutherford County | $250.1K | $264.6K | +5.8% |
Cleveland County | $225.2K | $234.6K | +4.2% |
Gaston County | $300.1K | $301.8K | +0.6% |
Lincoln County | $373K | $368.2K | -1.3% |
Housing Supply in Cleveland County, NC
How many homes are available in Cleveland County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
407 | 433 | +6.4% |
Summary: The Cleveland County real estate market had 433 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 60 | 60 | 0.0% |
3 Bedrooms | 237 | 251 | +5.9% |
4 Bedrooms | 77 | 83 | +7.8% |
5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Cleveland County housing inventory by bedroom type for April 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 5.9%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 75 | -13.8% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Cleveland County in April 2024, down by 13.8% month-over-month. Of the 74 sold homes, 61% were sold under asking, 20% were sold at asking, and 19% were sold over asking.
Days on Market for Cleveland County, NC
How long does it take to sell a home in Cleveland County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 44 Days | -14.3% |
Summary: Homes in Cleveland County had an average of 44 days on market in Apr 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in Cleveland County; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.