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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cloverdale is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Cloverdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cloverdale, IN

How much do homes in Cloverdale, IN cost?

Median Sold Price

$235,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+13.3%)

Key Takeaway

Homes in Cloverdale have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Cloverdale was $235,000 in October 2024, up 13.3% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110.4K$72K
-34.8%
2 $137K$152.5K
+11.3%
3 $215K$215K
0.0%
4 $277.5K$383K
+38.0%
5+ $505K$480K
-5.0%

Summary: Cloverdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 11.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 38%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Cities

Cloverdale
+13.3%
Cloverdale Township
+13.3%

Housing Supply in Cloverdale, IN

How many homes are available in Cloverdale, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2924-17.2%

Summary: The Cloverdale real estate market had 24 homes for sale in October 2024, a 17.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 43
-25.0%
3 2017
-15.0%
4 34
+33.3%
5+ 10
-100.0%

Summary: The Cloverdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Cloverdale in October 2024, down by 57.1% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
17 Days24 Days+41.2%

Summary: Homes in Cloverdale had an average of 24 days on market in Oct 2024, up by 41.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 October 2024, 3 homes were sold in Cloverdale; 33% of homes were sold within 30 days, 33% 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 2 Days Ago

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