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Is Cleveland, MS 38732 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Cleveland is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list88.1%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$87▼ −2.9% vs. last year

The Cleveland housing market right now

In the three months ending August 31, 2026, 0% of homes in Cleveland, MS 38732 sold above their list price, the typical home went under contract in 35 days and there were 4.8 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. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 8%, homes sold faster (59 days then) and the median sale price fell 23% to $134,442. Overall, Cleveland is about as competitive as it was a year ago.

Within Bolivar County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 38732

Prefilled for 38732Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38732Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Benoit 38725 — /sq ftBoyle 38730Buyer’s market $125 /sq ftGunnison 38746 $55 /sq ftMerigold 38759 — /sq ft Browse all markets →

Towns like Cleveland nearby

Find towns like Cleveland in other states →
Greenville, MS38701 · 31 miles away91% similarcheaper homes ($33K less) Indianola, MS38751 · 21 miles away86% similarcheaper homes ($45K less) · smaller Greenwood, MS38930 · 36 miles away80% similarcheaper homes ($48K less) Leland, MS38756 · 25 miles away78% similarcheaper homes ($47K less) · smaller

Where Cleveland is

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Questions about Cleveland real estate

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

A balanced market: there were 4.8 months of supply in Cleveland, MS 38732 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 35 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 88.1% of the list price.

What are property taxes in Cleveland?

About 0.73% of a home’s value a year in Bolivar County, or roughly $2,920 on a $400,000 home.

What is the median home price in Cleveland?

The median sale price was $134,442 in the three months ending August 31, 2026, about $87 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