Is Cleveland, TN 37311 a buyer’s or seller’s market?
Cleveland is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 14% of U.S. ZIP codes, and #224 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cleveland housing market right now
In the three months ending August 31, 2026, 9% of homes in Cleveland, TN 37311 sold above their list price, the typical home went under contract in 62 days and there were 5.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 78 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (49 days then) and the median sale price rose 8% to $297,321. Overall, Cleveland is less competitive than a year ago, which gives buyers more room.
Within Bradley County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 75%. On our competition score, Cleveland ranks #224 of 299 TN ZIP codes with enough sales (score 20 out of 100).
Nearby, Charleston 37310 (23% sold over asking) and Cleveland 37323 (13% sold over asking) are even more competitive.
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Nearby markets
Charleston 37310Seller’s market $227 /sq ftCleveland 37312Balanced $195 /sq ftCleveland 37323Balanced $191 /sq ftMc Donald 37353Balanced $199 /sq ft Browse all markets →Towns like Cleveland nearby
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Questions about Cleveland real estate
Is Cleveland a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Cleveland, TN 37311 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 62 days in the latest three months.
Do homes in Cleveland sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Cleveland?
About 0.45% of a home’s value a year in Bradley County, or roughly $1,800 on a $400,000 home.
What is the median home price in Cleveland?
The median sale price was $297,321 in the three months ending August 31, 2026, about $195 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