Cleveland, TN metro area Housing Market
Cool MarketComprehensive housing market data for the Cleveland, TN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$334K
↑ 17.1% YoY
Days on Market
101 days
↑ 94.2% YoY
Active Inventory
589
↑ 0.9% YoY
Homes Sold
170
↑ 18.1% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Cleveland, TN metro area Market Summary
The Cleveland, TN metro area housing market is cooling down. As of March 2026, the median home sale price is $334K, up 17.1% year-over-year. Homes are spending a median of 101 days on the market, 94.2% longer than a year ago.
There are 589 homes for sale — 0.9% more than last year. With 3.5 months of supply, this is a seller's market. 185 new listings were added during this period, down 14.0% year-over-year.
Homes are selling for 97.5% of their list price on average, suggesting room for negotiation. 14.7% of homes sell above their asking price. 34.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
Contributing Factors
How This Market Compares
vs. National Median
vs. Tennessee Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 24% below the national median, which could indicate stronger cash flow potential.
Cleveland, TN metro area Market Trends
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Detailed Market Metrics
Median List Price
$360K
Price per Sq Ft
$185
Sale-to-List Ratio
97.5%
Months of Supply
3.5
Sold Above List
14.7%
Price Drops
34.0%
New Listings
185
↓ 14.0% YoY
Pending Sales
192
Off Market in 2 Weeks
26.6%
Other Markets in Tennessee
Nashville, TN metro area
$465K · 91d on market
Memphis, TN metro area
$300K · 63d on market
Knoxville, TN metro area
$394K · 67d on market
Clarksville, TN metro area
$310K · 103d on market
Kingsport, TN metro area
$270K · 80d on market
Johnson City, TN metro area
$335K · 57d on market
Sevierville, TN metro area
$505K · 75d on market
Jackson, TN metro area
$247K · 44d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.