Market Intelligence Report — TN-420

Cleveland, TN

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

Ref. No: 2026-TN-09
As of the latest 2026 data
Cooling

Median Listing

$380K
+1.2% YoY

Pending Ratio

0.33
-7.5% YoY

Active Inventory

685
+24.0% YoY

Median DOM

68 Days
+23.6% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Cleveland market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Cleveland, TN.

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The Cleveland, TN market is currently Cooling, characterized by a pending ratio of 0.33, indicating demand absorption is moderate relative to available inventory. Active listings have expanded significantly, increasing by 24.0% year-over-year, contributing to a more balanced market dynamic.

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

4.0%+0.1 pp YoY

Unemployment rate · Aug 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.

Active listings in Cleveland, TN have seen substantial year-over-year growth at 24.0%, reaching 685 units, while new listings decreased by 20.6% over the same period. The median listing price registered a modest year-over-year increase of 1.2%, with a month-over-month stability at 0.0%. Concurrently, the pending ratio declined by 7.5% year-over-year, reflecting a shift in the balance between new demand and available supply. Properties are also remaining on the market longer, with median days on market rising 23.6% over the past year.

Historical Analysis

Market Trends

Median Price

$380K+0.0% MoM

Active Inventory

685+24.0% YoY

Days on Market

68+23.6% YoY

Sold Score™

39-7.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

39
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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 active listings, alongside a decreased pending ratio and longer market times, indicates that the pace of transactions is moderating. This suggests a market where buyers have more options and less pressure to act immediately, potentially allowing for greater price discipline. The increased inventory levels alleviate some of the urgency typically seen in tighter markets.

Luxury Segment

The average listing price has declined by 5.2% year-over-year, contrasting with a slight increase in median price and median $/sqft. This divergence, with a declining average price despite stable median metrics, suggests some softening in the higher-priced segments of the market. The average listing price ($460,611) remains elevated compared to the median listing price ($380,000), indicating a persistent spread between price tiers.

Supply Dynamics

685 active listings represent the current floor, with new supply arriving at roughly 170 per month.

Pricing Pressure
22.4%

of active listings carry a price reduction, -6.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.2% year-over-year.

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Cleveland, TN? Homes here are taking 13 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
33%
Median Days on Market
68 days
Inventory YoY
+24%

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

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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 0.33 with median days on market at 68.

  • Are home prices dropping in Cleveland?+

    Median listing price is $380K, +1.2% year over year. 22.4% of active listings carry a price reduction.

  • How fast are homes selling in Cleveland?+

    The typical listing sits 68 days on market, a +23.6% change YoY. New listings are arriving at 170 per month.

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

    The average listing price has declined by 5.2% year-over-year, contrasting with a slight increase in median price and median $/sqft. This divergence, with a declining average price despite stable median metrics, suggests some softening in the higher-priced segments of the market. The average listing price ($460,611) remains elevated compared to the median listing price ($380,000), indicating a persistent spread between price tiers.

  • 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