Cleveland Home Sales Surge with 90 Transactions Reported
Cleveland witnessed a bustling week in real estate from November 18 to November 24, with a total of 90 home transactions reported. The median sale price for this period was notably $98,000 for a 1,440-square-foot residence on Beman Avenue.
The lowest sale price recorded was $19,500 for a three-bedroom home at 4683 E. 147th Street, measuring 715 square feet. Conversely, some of the pricier transactions included a stunning $790,000 property at 3112 Vine Court, spanning 2,664 square feet. This highlights a diverse market catering to various buyer budgets.
Homes in the lower price brackets displayed attractive per-square-foot values. For example, 1284 E. 187th Street sold for $23,700 at just $19 per square foot, while 858 E. 139th Street fetched $25,000 at $17 per square foot. These affordable options are appealing to first-time buyers or those seeking investment properties.
In the mid-range market, several homes achieved significant sales figures. 1822 E. 87th Street sold for $212,500, appealing to families with its five bedrooms and four bathrooms spread across a spacious 2,400 square feet. Notable high-end homes were also reported, including a $510,000 property at 701 W. Lakeside Ave., underscoring the ongoing demand for luxury residences in the city.
This week’s diverse transactions illustrate the vibrancy of Cleveland’s real estate market, characterized by a broad spectrum of listings. With another 90 transactions on the books, it is evident that buyer interest remains strong as the market continues to gain traction.
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Photo credit www.cleveland.com
