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In April, home prices rose substantially from the month before, with a median listing price of $150,000.
The number of listings on the market grew 6.1%, which is a bigger increase than normal for this time of the year in Cleveland, and homes are also selling faster than at the same time last year.
Typically, home prices in Cleveland tend to rise in April. And the most recent data shows that the price per square foot increased by 8.3% compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot increased 1.0%, which means price changes in the Rock and Roll Capital are outpacing the national market.
In April, there were 682 homes for sale in Cleveland, which was 6.1% more than the month before and 17.1% more than the same time last year.
Meanwhile, active inventory across the nation rose by 7.5% from last month to 959,251.
The number of new listings in Cleveland was 362, which was 16.2% less than the month before and 6.2% less than the same time last year.
Nationally, the number of new listings rose by 8.2% from last month to 471,788.
Homes in Cleveland take an average of 46 days to sell, according to April figures.
This is 12 days less than the previous month and six days less than the same month last year.
For comparison, nationally homes spent an average of 50 days on the market in April.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
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