Is Clover Hill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clover Hill has remained a Seller's Market.
Housing Prices in Clover Hill, VA
How much do homes in Clover Hill, VA cost?
Median Sold Price
$365,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clover Hill was $365,000 in May 2024, up 8.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232.4K | $276.9K | +19.2% |
2 Bedrooms | $335.7K | $330K | -1.7% |
3 Bedrooms | $308.2K | $335K | +8.7% |
4 Bedrooms | $365K | $394.9K | +8.2% |
5+ Bedrooms | $470K | $510K | +8.5% |
Summary: Clover Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
Clover Hill | $335K | $365K | +8.9% |
Midlothian | $400.6K | $426.4K | +6.4% |
Dale | $325K | $340K | +4.6% |
Matoaca | $441.2K | $451.3K | +2.3% |
Chesterfield | $432.3K | $442K | +2.2% |
Housing Supply in Clover Hill, VA
How many homes are available in Clover Hill, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
204 | 213 | +4.4% |
Summary: The Clover Hill real estate market had 213 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 17 | 14 | -17.6% |
3 Bedrooms | 99 | 105 | +6.1% |
4 Bedrooms | 72 | 79 | +9.7% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Clover Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 81 | +26.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Clover Hill in May 2024, up by 26.6% month-over-month. Of the 81 sold homes, 15% were sold under asking, 16% were sold at asking, and 69% were sold over asking.
Days on Market for Clover Hill, VA
How long does it take to sell a home in Clover Hill, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 10 Days | +24.8% |
Summary: Homes in Clover Hill had an average of 10 days on market in May 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 81 homes were sold in Clover Hill; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.