37311
Cleveland, Tennessee
Cleveland 37311 needs watching.
The 37311 ZIP code in Cleveland, Tennessee has a median sale price of $266K, down -3.3% year-over-year. Homes spend an average of 80 days on market, with 24% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37311.
The Cleveland, TN 37311 market is experiencing a price correction, with the median sale price settling at $265,950, down 3.3% year-over-year. Properties are averaging 80 days on market, indicating softer buyer urgency compared to pandemic-era velocity. Notably, only 24% of homes are commanding above-list prices, a metric that signals reduced competitive tension and a departure from seller-dominated conditions that characterized the previous cycle.
This environment favors price-sensitive buyers who can afford extended due diligence periods. The 80-day marketing window provides negotiation leverage that wasn't available when multiple offers were standard. Sellers with flexible timelines and realistic pricing aligned with the -3.3% decline will clear inventory, while those anchored to 2023-2024 valuations face extended holding periods. Investors seeking cash flow over appreciation should verify that acquisition costs at $265,950 support positive rental yields in this stabilizing market.
The PropIQ score of 60 signals caution rather than crisis, suggesting further price discovery is likely before stabilization. The 24% above-list figure indicates some segments retain pricing power while others correct. Monitoring monthly absorption rates and any acceleration beyond the current 80-day DOM will clarify whether this represents temporary normalization or the beginning of sustained downward pressure on valuations through 2026.
What is the median home price in 37311 Cleveland?
The median sale price in 37311 is $266K, down -3.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cleveland 37311?
Homes in 37311 Cleveland spend an average of 80 days on market before going under contract.
Is Cleveland 37311 a good place to invest in real estate?
Folio's PropIQ™ score for 37311 is 60/100 — a Caution signal. 24% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 37311?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 60 = Caution in 37311 Cleveland, Tennessee.