Is Clover Hill, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clover Hill is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Clover Hill, VA

How much do homes in Clover Hill, VA cost?

Median Sold Price

$375,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,822(+7.1%)

Key Takeaway

Homes in Clover Hill have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Clover Hill was $375,000 in November 2024, up 7.1% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.4K$276.9K
+19.2%
2 $305.5K$341K
+11.6%
3 $323.7K$340.7K
+5.3%
4 $381.6K$400K
+4.8%
5+ $472.6K$499.4K
+5.7%

Summary: Clover Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Chesterfield
+7.5%
Clover Hill
+7.1%
Matoaca
+6.2%
Midlothian
+5.8%
Dale
+4.7%

Housing Supply in Clover Hill, VA

How many homes are available in Clover Hill, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
255229-10.2%

Summary: The Clover Hill real estate market had 229 homes for sale in November 2024, a 10.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1512
-20.0%
3 113106
-6.2%
4 9486
-8.5%
5+ 3325
-24.2%

Summary: The Clover Hill 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 decreased by 20%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 24.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7468-8.1%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clover Hill, you may be able to get a good deal. 39.7% of homes here sold below asking price last month.

Summary: A total of 68 homes were sold or pending in Clover Hill in November 2024, down by 8.1% month-over-month. Of the 68 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% 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

Nov 2023Nov 2024CHANGE
18 Days22 Days+21.3%

Summary: Homes in Clover Hill had an average of 22 days on market in Nov 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 68 homes were sold in Clover Hill; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

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