Market Intelligence Report — TN-420

Cleveland, TN

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

Ref. No: 2026-TN-05
As of the latest 2026 data
Cooling

Median Listing

$380K
+1.3% YoY

Pending Ratio

0.36
-19.1% YoY

Active Inventory

628
+43.0% YoY

Median DOM

58 Days
-1.7% YoY

Primary Intelligence Tool — Sold Score™

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The Cleveland, TN market is cooling, characterized by a pending ratio of 0.36, indicating demand absorption is slowing relative to available inventory. Active listings have expanded significantly, further contributing to this trend.

Local Market Signals

Source: FRED (St. Louis Fed)

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

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Cleveland market right now.

Active listings in Cleveland, TN have increased substantially, up 43.0% year-over-year to 628 units. New listings also rose by 29.3% year-over-year. Concurrently, the pending ratio declined by 19.1% year-over-year, reflecting a deceleration in demand. Median listing price experienced a modest 1.3% year-over-year increase, while the median price per square foot saw a marginal 0.1% year-over-year decrease.

Historical Analysis

Market Trends

Median Price

$380K+0.4% MoM

Active Inventory

628+43.0% YoY

Days on Market

58-1.7% YoY

Sold Score™

24-19.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

24
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 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 current market dynamics suggest that negotiating leverage is shifting, with a reduced sense of urgency for purchasers due to expanding inventory. The lower pending ratio implies a slower pace of transactions, placing more pressure on sellers to exercise price discipline in order to attract demand.

Luxury Segment

The average listing price decreased by 8.9% year-over-year, while the median listing price increased by 1.3%, suggesting softening at the higher price tiers within the market. No distinct luxury-segment signal in this dataset.

Supply Dynamics

628 active listings represent the current floor, with new supply arriving at roughly 212 per month.

Pricing Pressure
27.3%

of active listings carry a price reduction, +2.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.1% year-over-year.

Absorption
0.36

Pending-to-active ratio — Cooling.

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Metro Demographics

Metro Area
Cleveland, TN
CBSA Code
17420
State
TN