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Featured local agent — Cleveland, MN
Sarah Mitchell
Compass Real Estate · Cleveland, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cleveland, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$286,000median sale price
How is the Cleveland, MN housing market right now?
The median home sale price in Cleveland, MN is $286,000, down 15.9% year-over-year. Homes sell in an average of 88 days with 2 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cleveland a buyer's or seller's market?
Cleveland, MN is currently a balanced market, based on 1.0 months of supply and homes selling in about 88 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
88
Average pace
Active listings
2
1.0 months supply
Sale-to-list
93.0%
Below asking
What does the Cleveland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $286,000 |
| Median list price | $347,450 |
| Year-over-year price change | -15.9% |
| Average days on market | 88 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 93.0% |
| Median price per sq ft | $134/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Cleveland by property type?
How the Cleveland, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $286,000 | $134/sq ft | 2 | 88 days |
Source: Redfin · Updated monthly
The Cleveland housing market is currently classified as a balanced market with a median sale price of $286,000. Prices have fallen 15.9% compared to last year, with homes spending an average of 88 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Cleveland
There are currently 2 homes listed for sale in Cleveland, Minnesota. The median listing price is $347K.
Active listings
2
Homes on market
Median list price
$347K
Avg. days on market
88
Days until sale
New this week
2
Newly listed
Who lives in Cleveland?
Population
622
Median income
$83,281/yr
Median age
34.7 years
Owner-occupied
90.5%
College grads
20.8%
Avg commute
28.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Cleveland?
Zillow home value
$393,722
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Cleveland?
Cleveland is a community of approximately 1K residents with a median age of 34.7 years.The median household income is $83,281, which reflects a relatively affluent area with strong earning potential. 20.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 90.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cleveland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cleveland?
2 schools tracked · 637 students
The largest public schools serving Cleveland, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CLEVELAND ELEMENTARY
Grades PK-6 · 362 students
CLEVELAND SECONDARY
Grades 7-12 · 275 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cleveland, MN?
Want a head-to-head view? Compare Cleveland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cleveland?
The median home sale price in Cleveland is $286,000, down 15.9% from last year.
How long do homes stay on market in Cleveland?
Homes typically spend 88 days on market before going under contract.
What is the median income in Cleveland?
The median household income is $83,281 per year.
Is Cleveland a buyer's or seller's market?
With 1.0 months of supply, Cleveland is currently a balanced market.
What is the Zillow home value estimate for Cleveland?
The Zillow Home Value Index (ZHVI) for Cleveland is $393,722, representing the typical home value in the area.
How much does a single-family home cost in Cleveland?
The median single-family home price in Cleveland, MN is $286,000 (about $134 per square foot).
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