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Newly released data from Realtor.com for January shows that potential buyers and sellers in Cleveland County saw lower home sale prices than the previous month's median of $252,500.
The median home sold for $230,000, an analysis of data from Realtor.com shows. That means January, the most recent month for which figures are available, was down 8.9% from December.
Compared to January 2024, the median home sales price was down 8% compared to $250,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.shelbystar.com.
Here is a breakdown on median sale prices:
Looking only at single-family homes, the $215,000 median selling price in Cleveland County was down 15.7% in January from $255,000 the month prior. Since January 2024, the sales price of single-family homes was down 14% from a median of $250,000.Three single family homes sold for $1 million or more during the month, compared to 14 recorded transactions of at least $1 million in January 2024.
Condominiums and townhomes increased by 27,566.7% in sales price during January to a median of $12,450,000 from $45,000 in December. Compared to January 2024, the sales price of condominiums and townhomes was up 681.1% from $1,594,000. Twelve condominiums or townhomes sold for $1 million or more during the month, compared to three recorded transactions of at least $1 million in January 2024.
About recorded home sales in Cleveland County in North Carolina
In January, the number of recorded sales in Cleveland County rose by 19.4% since January 2024 — from 98 to 117. All residential home sales totaled $184.1 million.
Across North Carolina, homes sold at a median of $337,466 during January, down 3.6% from $350,000 in December. There were 10,529 recorded sales across the state during January, down 14.4% from 12,300 recorded sales in January 2024.
Here's a breakdown for the full state:
The total value of recorded residential home sales in North Carolina decreased by 29.3% from $7.8 billion in December to $5.5 billion this January.
Out of all residential home sales in North Carolina, 6.7% of homes sold for at least $1 million in January, down from 9.94% in January 2024.
Sales prices of single-family homes across North Carolina decreased by 4.2% from a median of $350,000 in December to $335,456 in January. Since January 2024, the sales price of single-family homes across the state was down 1.4% from $340,047.
Across the state, the sales price of condominiums and townhomes dropped 1.9% from a median of $348,062 in December to $341,500 during January. The median sales price of condominiums and townhomes is down 6.2% from the median of $364,166 in January 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com.
This article originally appeared on The Shelby Star: Homes in Cleveland County sold for lower prices recently: See how much here
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