Is Cloverdale, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cloverdale is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Cloverdale has remained a Seller's Market.

Key Takeaway

Cloverdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cloverdale, IN

How much do homes in Cloverdale, IN cost?

Median Sold Price

$235,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,000(+12.4%)

Key Takeaway

Homes in Cloverdale have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Cloverdale was $235,000 in November 2024, up 12.4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $100K$83.2K
-16.8%
2 $130K$155K
+19.2%
3 $225K$213.5K
-5.1%
4 $275K$401.3K
+46.0%
5+ $412.5K$590K
+43.0%

Summary: Cloverdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.8%, 2 bedroom homes increased by 19.2%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 46%, and 5+ bedroom homes increased by 43%.

Median Sold Price Compared To Nearby Cities

Cloverdale Township
+14.6%
Cloverdale
+12.4%

Housing Supply in Cloverdale, IN

How many homes are available in Cloverdale, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2728+3.7%

Summary: The Cloverdale real estate market had 28 homes for sale in November 2024, a 3.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1816
-11.1%
4 56
+20.0%
5+ 00
0.0%

Summary: The Cloverdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cloverdale, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Cloverdale in November 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Cloverdale, IN

How long does it take to sell a home in Cloverdale, IN?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days35 Days+126.9%

Summary: Homes in Cloverdale had an average of 35 days on market in Nov 2024, up by 126.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cloverdale are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Cloverdale; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Cloverdale, IN

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