$550,000
3.44 Acres
Land
James (Kevin) Grolig, Listing Office: Compass
Is Cloverly, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cloverly has remained a Seller's Market.
Key Takeaway
Cloverly is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cloverly, MD
How much do homes in Cloverly, MD cost?
Median Sold Price
$675,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+1.5%)
Key Takeaway
Homes in Cloverly have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Cloverly was $675,000 in October 2024, up 1.5% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $367.2K | $380K | +3.5% |
| 3 Bedrooms | $525K | $538.7K | +2.6% |
| 4 Bedrooms | $667.5K | $681K | +2.0% |
| 5+ Bedrooms | $757.5K | $801K | +5.7% |
Summary: Cloverly housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in Cloverly, MD
How many homes are available in Cloverly, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Cloverly real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 13 | 7 | -46.2% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Cloverly housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cloverly, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cloverly in October 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Cloverly, MD
How long does it take to sell a home in Cloverly, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 29 Days | -18.3% |
Summary: Homes in Cloverly had an average of 29 days on market in Oct 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cloverly are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Cloverly; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
