Cleveland sellers blinked: the biggest price cuts this week
Homes whose asking price came down hardest, leverage points for buyers.
Cleveland sellers are blinking. 24 active listings cut their asking price, totaling $1,856,100 shaved off original asks.
The largest percentage cut: TBD Love, now $20,000 after a 42.9% reduction from $35,000. The biggest dollar cut went to 108 acres Morgan Cemetery. $648,000 off the original ask.
2 of the 24 were originally over $1M. the high end is where pricing pressure is concentrated right now. Geographically, Santa Fe leads. 7 of the 24 cuts came from there.
For buyers, these are leverage points. sellers who have already adjusted once are more likely to adjust again at the negotiating table.
How Cleveland prices break down right now.
- <$250k1,08675%
- $250 to 500k25017%
- $500 to 750k443%
- $750k to 1M352%
- $1M+423%
Ranked by percentage cut.
- 1
$20,000▼ 42.9%$15,000 offTBD LoveCleveland, TX· 159 days on marketDesigned Realty Group - 2
$164,900▼ 40.0%$110,100 off9483 County Road 347Cleveland, TX· 78 days on marketCreighton Realty Partners, LLC - 3
$35,000▼ 33.3%$17,500 off8026 Road 5891Cleveland, TX· 162 days on marketExecutive Texas Realty - 4
$35,000▼ 33.3%$17,500 off8030 Road 5891Cleveland, TX· 162 days on marketExecutive Texas Realty - 5
$1,296,000▼ 33.3%$648,000 off108 acres Morgan CemeteryCleveland, TX· 252 days on marketMHW Brokerage Services LLC - 6
$45,000▼ 30.8%$20,000 off647 Road 5707Cleveland, TX· 47 days on marketJLA Realty - 7
$70,000▼ 30.0%$30,000 off364 5102 HCleveland, TX4 beds · 1 bath · 1,824 sq ft· 113 days on marketTexas United Realty - 8
$38,600▼ 29.8%$16,400 off425 County Road 5041Cleveland, TX· 79 days on marketKeller Williams Elite - 9
$284,990▼ 28.8%$115,000 off11 Seth BlvdCleveland, TX5 beds · 7 baths· 98 days on marketLugary, LLC - 10
$990,000▼ 28.6%$396,000 off0 County Road 2235Cleveland, TX· 198 days on marketSevenTwenty Realty and Investments - 11
$247,000▼ 28.4%$97,800 offTBD County Road 2284 Freddie RiceCleveland, TX· 65 days on marketKeller Williams Realty The Woodlands - 12
$129,900▼ 27.0%$48,000 off87 Road 5132Cleveland, TX4 beds · 2 baths · 1,904 sq ft· 168 days on marketAll City Real Estate
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