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Sarah Mitchell

CNESRESABR

Compass Real Estate · Cleveland, TN

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Cleveland, TN(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Cleveland, TN Housing Market & Real Estate

Buyer's market+5.0% YoY

Housing market overview · Updated monthly ·

$315,500median sale price

How is the Cleveland, TN housing market right now?

The median home sale price in Cleveland, TN is $315,500, up 5.0% year-over-year. Homes sell in an average of 63 days with 295 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 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?

Buyer's market5.5 months of supply63 avg. days on market

Cleveland, TN is currently a buyer's market, based on 5.5 months of supply and homes selling in about 63 days. How we determine this →

Homes sold

54

Last 12 weeks

Days on market

63

Average pace

Active listings

295

5.5 months supply

Sale-to-list

98.0%

Below asking

What does the Cleveland housing market data show?

Current housing market statistics for Cleveland, TN
MetricValue
Median sale price$315,500
Median list price$328,750
Year-over-year price change+5.0%
Average days on market63 days
Active inventory295 listings
Months of supply5.5 months
Sale-to-list price ratio98.0%
Median price per sq ft$184/sq ft
Homes sold (latest month)54
New listings (latest month)96
Listings with a price cut37.3%
Market conditionBuyer's market

Source: Redfin · Updated monthly

How much do homes cost in Cleveland by property type?

How the Cleveland, TN market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Cleveland, TN
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$362,470$184/sq ft4660 days
Condo / Co-op$295,000$231/sq ft163 days
Townhouse$178,400$171/sq ft5125 days

Source: Redfin · Updated monthly

The Cleveland housing market is currently classified as a buyer's market with a median sale price of $315,500. Prices have risen 5.0% compared to last year, with homes spending an average of 63 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.

Homes for sale in Cleveland

There are currently 295 homes listed for sale in Cleveland, Tennessee. The median listing price is $329K. Featured listings range from $125,000 to $400,810.

land for sale at Georgetown Rd NW Lot 1 Cleveland 37312 - $125,000
New Listing
6
$125,000

Georgetown Rd NW Lot 1

Cleveland, TN 37312

Land30,492 sqft lot

Roger Kennard · Sonlight Realty

View photos & details
3 bedroom townhouse for sale at 4224 Belcourt Ln NE Cleveland 37312 - $252,005
New Build
26
$252,005

4224 Belcourt Ln NE

Cleveland, TN 37312

3 bd3 ba1,381 sqft$182/ft²
Townhouse
View photos & details
3 bedroom townhouse for sale at 4075 Belcourt Dr NE Cleveland 37312 - $273,505
New Build
21
$273,505

4075 Belcourt Dr NE

Cleveland, TN 37312

3 bd3 ba1,381 sqft$198/ft²
Townhouse
View photos & details
4 bedroom townhouse for sale at 4071 Belcourt Dr NE Cleveland 37312 - $286,505
New Build
29
$286,505

4071 Belcourt Dr NE

Cleveland, TN 37312

4 bd3 ba1,554 sqft$184/ft²
Townhouse
View photos & details
4 bedroom house for sale at 4322 Scenic Meadow Dr NE Cleveland 37323 - $335,695
New Build
30
$335,695

4322 Scenic Meadow Dr NE

Cleveland, TN 37323

4 bd3 ba1,991 sqft$169/ft²
House
View photos & details
4 bedroom house for sale at 4365 Scenic Meadow Dr NE Cleveland 37323 - $336,085
New Build
29
$336,085

4365 Scenic Meadow Dr NE

Cleveland, TN 37323

4 bd3 ba1,991 sqft$169/ft²
House
View photos & details
4 bedroom house for sale at 2259 Chelle Dr NE Cleveland 37323 - $345,085
New Build
31
$345,085

2259 Chelle Dr NE

Cleveland, TN 37323

4 bd2 ba1,764 sqft$196/ft²
House
View photos & details
3 bedroom house for sale at 2296 Chelle Dr NE Cleveland 37323 - $358,135
New Build
33
$358,135

2296 Chelle Dr NE

Cleveland, TN 37323

3 bd3 ba2,164 sqft$165/ft²
House
View photos & details
4 bedroom house for sale at 8079 Cobblestone Dr SW Cleveland 37311 - $360,000
New Build
27
$360,000

8079 Cobblestone Dr SW

Cleveland, TN 37311

4 bd3 ba1,940 sqft$186/ft²
House20,473 sqft lot

Cindi Richardson · Richardson Group

View photos & details
5 bedroom house for sale at 4357 Scenic Meadow Dr NE Cleveland 37323 - $370,240
New Build
34
$370,240

4357 Scenic Meadow Dr NE

Cleveland, TN 37323

5 bd3 ba2,511 sqft$147/ft²
House
View photos & details
3 bedroom house for sale at 1974 Little Pond Rd NE Cleveland 37323 - $389,900
New Listing
47
$389,900

1974 Little Pond Rd NE

Cleveland, TN 37323

3 bd2 ba1,939 sqft$201/ft²
House7,405 sqft lot

William Eilf · KW Cleveland

View photos & details
4 bedroom house for sale at 2272 Chelle Dr NE Cleveland 37323 - $400,810
New BuildPrice Drop −$10K
41
$400,810

2272 Chelle Dr NE

Cleveland, TN 37323

4 bd3 ba2,804 sqft$143/ft²
House
View photos & details

Looking to buy in Cleveland?

Get connected with a local real estate expert — free, no obligation.

Active listings

295

Homes on market

Median list price

$329K

Avg. days on market

63

Days until sale

New this week

96

Newly listed

Price drops:37.3%of listings
Sale-to-list:98.0%

Who lives in Cleveland?

Population

48,185

Median income

$55,904/yr

Median age

36.1 years

Owner-occupied

50.3%

College grads

31.1%

Avg commute

20.9 min

Source: U.S. Census Bureau ACS

What are homes worth in Cleveland?

Zillow home value

$319,178

Zillow rent index

$1,439/mo

Price-to-rent ratio

18.5x

Price-to-income

5.7x

Source: Zillow Research

What is it like to live in Cleveland?

Cleveland is a community of approximately 48K residents with a median age of 36.1 years.The median household income is $55,904, which represents a working-class community with solid middle-income opportunities. 31.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 50.3%, showing a blend of owner and renter-occupied properties. The average commute time is 20.9 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?

26 schools tracked · 15,839 students

The largest public schools serving Cleveland, TN 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 High

Grades 9-12 · 1,799 students

Public

Bradley Central High School

Grades 9-12 · 1,662 students

Public

Walker Valley High School

Grades 9-12 · 1,501 students

Public

Cleveland Middle

Grades 6-8 · 1,302 students

Public

Lake Forest Middle School

Grades 6-8 · 1,174 students

Public

Ocoee Middle School

Grades 6-8 · 1,045 students

Public

Waterville Community Elementary School

Grades PK-5 · 672 students

Public

Blythe-Bower Elementary

Grades PK-5 · 668 students

Public

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, TN?

Want a head-to-head view? Compare Cleveland side-by-side with any other U.S. city using our market-comparison tool.

Which ZIP codes are in Cleveland?

Is Cleveland a good real estate investment market?

For investors evaluating Cleveland, the price-to-rent ratio of 18.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cleveland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cleveland's median home price.

Frequently asked questions

What is the average home price in Cleveland?

The median home sale price in Cleveland is $315,500, up 5.0% from last year.

How long do homes stay on market in Cleveland?

Homes typically spend 63 days on market before going under contract.

What is the median income in Cleveland?

The median household income is $55,904 per year.

Is Cleveland a buyer's or seller's market?

With 5.5 months of supply, Cleveland is currently a buyer's market.

How many homes are for sale in Cleveland?

There are currently 295 homes listed for sale in Cleveland, TN.

What is the Zillow home value estimate for Cleveland?

The Zillow Home Value Index (ZHVI) for Cleveland is $319,178, representing the typical home value in the area.

What is the median condo price in Cleveland?

The median condo/co-op sale price in Cleveland, TN is $295,000, compared to $362,470 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Cleveland?

The median single-family home price in Cleveland, TN is $362,470 (about $184 per square foot).

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