Market Intelligence Report — TN-420

Cleveland, TN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TN-07
As of the latest 2026 data
Cooling

Median Listing

$387K
-0.1% YoY

Pending Ratio

0.35
-13.9% YoY

Active Inventory

695
+41.4% YoY

Median DOM

64 Days
+8.5% YoY

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The Cleveland, TN, metro area is currently experiencing a cooling market condition. The pending ratio stands at 0.35, indicating that demand absorption is moderate relative to available inventory. Active listings have expanded significantly, increasing by 41.4% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.1%-0.3 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

134,057+1.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Cleveland market right now.

The market has observed a notable increase in supply, with active listings rising by 41.4% year-over-year. Concurrently, new listings have contracted by 13.9% over the past year, while the median listing price has seen a slight annual decline of 0.1%. The pending ratio has decreased by 13.9% year-over-year, reflecting reduced demand relative to available properties.

Historical Analysis

Market Trends

Median Price

$387K+0.4% MoM

Active Inventory

695+41.4% YoY

Days on Market

64+8.5% YoY

Sold Score™

30-13.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

30
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The expansion in available inventory, coupled with a reduced pending ratio, suggests that purchasers may have an extended timeframe for property evaluation. This environment may encourage more measured negotiations, potentially leading to increased price discipline from sellers as market velocity moderates.

Luxury Segment

While the median listing price has remained relatively stable year-over-year, the average listing price has declined by 5.5% over the past year. This divergence, coupled with a steady median price per square foot, implies some softening in the higher-priced segments of the market.

Supply Dynamics

695 active listings represent the current floor, with new supply arriving at roughly 210 per month.

Pricing Pressure
26.1%

of active listings carry a price reduction, +0.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.6% year-over-year.

Absorption
0.35

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Cleveland, TN? Homes here are taking 5 days longer to sell than last year.

Buyers have leverage in Cleveland, TN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
35%
Median Days on Market
64 days
Inventory YoY
+41%

In a buyer's market, strategy beats timing. See how your home scores in Cleveland, TN and what moves the number.

See my Sold Score & selling strategy

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The Monthly Briefing

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Metro Demographics

Metro Area
Cleveland, TN
CBSA Code
17420
State
TN
Analysis FAQ
  • What is the current market condition in Cleveland?+

    As of the latest 2026 data, the Cleveland metro is classified as Cooling. Pending ratio is 0.35 with median days on market at 64.

  • Are home prices dropping in Cleveland?+

    Median listing price is $387K, -0.1% year over year. 26.1% of active listings carry a price reduction.

  • How fast are homes selling in Cleveland?+

    The typical listing sits 64 days on market, a +8.5% change YoY. New listings are arriving at 210 per month.

  • What's happening in the Cleveland luxury market?+

    While the median listing price has remained relatively stable year-over-year, the average listing price has declined by 5.5% over the past year. This divergence, coupled with a steady median price per square foot, implies some softening in the higher-priced segments of the market.

  • Where can I find a trusted Cleveland real estate expert?+

    Primpted maintains a vetted registry of Cleveland agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 17420 · 36mo history