$6,949 Closing Credit*
$585,196
2,134 SqFt
3 Beds
•2 Full Baths, 1 Partial
Karen Steen, Listing Office: Long & Foster REALTORS
Is Clover Hill, VA 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, 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
$374,600
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,600(+7.0%)
Key Takeaway
Homes in Clover Hill have sold for 7% more than they did a year ago.
Summary: The median home sold price in Clover Hill was $374,600 in October 2024, up 7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | $276.9K | +19.2% |
| 2 Bedrooms | $297K | $340K | +14.5% |
| 3 Bedrooms | $320K | $340K | +6.3% |
| 4 Bedrooms | $379.5K | $400K | +5.4% |
| 5+ Bedrooms | $475K | $502.5K | +5.8% |
Summary: Clover Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Chesterfield | $449.3K | $483.1K | +7.5% |
| Clover Hill | $350K | $374.6K | +7.0% |
| Dale | $325.6K | $348.6K | +7.0% |
| Midlothian | $410.9K | $435.6K | +6.0% |
| Matoaca | $449.9K | $475.3K | +5.6% |
Housing Supply in Clover Hill, VA
How many homes are available in Clover Hill, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 254 | 259 | +2.0% |
Summary: The Clover Hill real estate market had 259 homes for sale in October 2024, a 2.0% increase 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 | 18 | 17 | -5.6% |
| 3 Bedrooms | 106 | 115 | +8.5% |
| 4 Bedrooms | 95 | 93 | -2.1% |
| 5+ Bedrooms | 35 | 34 | -2.9% |
Summary: The Clover Hill 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 decreased by 5.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 70 | -6.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clover Hill, you could pay more than the asking price. 48.5% of homes here sold above asking price last month.
Summary: A total of 70 homes were sold or pending in Clover Hill in October 2024, down by 6.7% month-over-month. Of the 68 sold homes, 35% were sold under asking, 16% were sold at asking, and 49% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 20 Days | +135.2% |
Summary: Homes in Clover Hill had an average of 20 days on market in Oct 2024, up by 135.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clover Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 70 homes were sold in Clover Hill; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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