Year over year, Cleveland’s rolling three-month numbers show notable shifts in both prices and activity. Typical home values are down more than 25 percent from last year, while the median list price is up about 10 percent. At the same time, the number of homes sold has risen by just over 50 percent, revealing more buyers closing deals despite changing price dynamics.
Looking at supply, active listings have surged more than fourfold compared with a year ago, and months of supply has climbed sharply as well, now sitting at 7.5 months. Even with this higher inventory, homes are still moving quickly, with the median days on market down slightly year over year to just 6 days in the latest rolling three-month period.
The current median sale price in Cleveland is about $179,900, with the typical home listing for roughly $168,200, and buyers paying an average of about 95 percent of the list price. Roughly one-third of recent sales closed above the asking price, and nearly 60 percent of homes went off the market within two weeks, underscoring that well-priced homes can still draw strong interest. With these mixed signals of rising inventory, softer values, and fast-moving desirable listings, both buyers and sellers in Cleveland can benefit from Agent Pronto’s help in finding an experienced local agent to navigate the market.
