37317
Cleveland, Tennessee
Cleveland 37317 needs watching.
The 37317 ZIP code in Cleveland, Tennessee has a median sale price of $260K, down -3.7% year-over-year. Homes spend an average of 140 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37317.
The 37317 ZIP code in Cleveland, TN shows clear softening with median sale prices at $260,000, down 3.7% year-over-year. Homes are averaging 140 days on market, significantly above the typical 30-60 day range seen in balanced conditions. Zero percent of properties sold above list price in the latest period, indicating buyers face minimal competition and hold substantial negotiating leverage in current transactions.
This environment strongly favors patient buyers who can capitalize on extended market times and downward price pressure. Investors seeking cash flow should find negotiation opportunities, though the 41 PropIQ score warrants careful underwriting of rent-to-price ratios. Sellers face challenging conditions and should price aggressively below recent comps; those without urgency may benefit from waiting for market stabilization rather than accepting discounted offers in this buyer-controlled landscape.
The 41 PropIQ score signals caution, suggesting further price erosion or extended stagnation is more likely than near-term recovery. Inventory absorption rates at current pace indicate oversupply relative to demand, with the 140-day DOM pointing to potential capitulation from sellers who've delayed price adjustments. Monitor month-over-month inventory levels and any movement toward the 30% price-cut threshold that would confirm deeper distress.
What is the median home price in 37317 Cleveland?
The median sale price in 37317 is $260K, down -3.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Cleveland 37317?
Homes in 37317 Cleveland spend an average of 140 days on market before going under contract.
Is Cleveland 37317 a good place to invest in real estate?
Folio's PropIQ™ score for 37317 is 41/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 37317?
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 41 = Caution in 37317 Cleveland, Tennessee.