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Is Cleveland, VA 24225 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cleveland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.2%Sold price ÷ list price
Median days on market196Listing to accepted offer
Median price per sq ft$252▲ +760.3% vs. last year

The Cleveland housing market right now

In the three months ending August 31, 2026, 0% of homes in Cleveland, VA 24225 sold above their list price, the typical home went under contract in 196 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (65 days then) and the median sale price rose 291% to $557,259. Overall, Cleveland is less competitive than a year ago, which gives buyers more room.

Run the numbers for 24225

Prefilled for 24225Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24225Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Castlewood 24224Balanced $112 /sq ftHonaker 24260Buyer’s market $141 /sq ftLebanon 24266Buyer’s market $135 /sq ftRosedale 24280 — /sq ft Browse all markets →

Towns like Cleveland nearby

Find towns like Cleveland in other states →
Damascus, VA24236 · 29 miles away75% similarpricier homes ($37K more) · larger Shelbiana, KY41562 · 37 miles away63% similar9 min shorter commute · more apartments and townhomes Richlands, VA24641 · 20 miles away50% similarlarger · younger residents Honaker, VA24260 · 9 miles away48% similarlarger · younger residents

Where Cleveland is

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Questions about Cleveland real estate

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

A buyer’s market: there were 6.4 months of supply in Cleveland, VA 24225 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Cleveland?

The typical home went under contract in 196 days in the latest three months.

Do homes in Cleveland sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.

What are property taxes in Cleveland?

About 0.48% of a home’s value a year in Russell County, or roughly $1,920 on a $400,000 home.

What is the median home price in Cleveland?

The median sale price was $557,259 in the three months ending August 31, 2026, about $252 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology