In November, home prices rose moderately from the month before, with a median listing price of $150,000.
The number of listings on the market shrank 5.6% from last month, which is a bigger decrease than normal for this time of the year in Cleveland, and homes are also selling close to the same pace as the same time last year.
Home prices in Cleveland
Typically, home price per square foot in Cleveland tend to fall in November. But the most recent data shows that the price per square foot increased by 6.1% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Rock and Roll Capital are outpacing the national market.
Cleveland inventory
In November, there were 835 homes for sale in Cleveland, which was 5.6% less than the month before and 4.0% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Cleveland take an average of 55 days to sell, according to November figures.
This is four days more than the previous month and one day more than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Cleveland, OH.