
Georgetown Rd NW Lot 1
Cleveland, TN 37312
Roger Kennard · Sonlight Realty
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Housing market overview · Updated monthly ·
$315,500median sale price
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.)
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
| Metric | Value |
|---|---|
| Median sale price | $315,500 |
| Median list price | $328,750 |
| Year-over-year price change | +5.0% |
| Average days on market | 63 days |
| Active inventory | 295 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 54 |
| New listings (latest month) | 96 |
| Listings with a price cut | 37.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How the Cleveland, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $362,470 | $184/sq ft | 46 | 60 days |
| Condo / Co-op | $295,000 | $231/sq ft | 1 | 63 days |
| Townhouse | $178,400 | $171/sq ft | 5 | 125 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.
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.

Cleveland, TN 37312
Roger Kennard · Sonlight Realty

Cleveland, TN 37312

Cleveland, TN 37312

Cleveland, TN 37312

Cleveland, TN 37323

Cleveland, TN 37323

Cleveland, TN 37323

Cleveland, TN 37323

Cleveland, TN 37311
Cindi Richardson · Richardson Group

Cleveland, TN 37323

Cleveland, TN 37323
William Eilf · KW Cleveland

Cleveland, TN 37323
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Active listings
295
Homes on market
Median list price
$329K
Avg. days on market
63
Days until sale
New this week
96
Newly listed
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
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
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.
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
Bradley Central High School
Grades 9-12 · 1,662 students
Walker Valley High School
Grades 9-12 · 1,501 students
Cleveland Middle
Grades 6-8 · 1,302 students
Lake Forest Middle School
Grades 6-8 · 1,174 students
Ocoee Middle School
Grades 6-8 · 1,045 students
Waterville Community Elementary School
Grades PK-5 · 672 students
Blythe-Bower Elementary
Grades PK-5 · 668 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Want a head-to-head view? Compare Cleveland side-by-side with any other U.S. city using our market-comparison tool.
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.
The median home sale price in Cleveland is $315,500, up 5.0% from last year.
Homes typically spend 63 days on market before going under contract.
The median household income is $55,904 per year.
With 5.5 months of supply, Cleveland is currently a buyer's market.
There are currently 295 homes listed for sale in Cleveland, TN.
The Zillow Home Value Index (ZHVI) for Cleveland is $319,178, representing the typical home value in the area.
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.
The median single-family home price in Cleveland, TN is $362,470 (about $184 per square foot).
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