Is Clover Hill, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$365,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clover Hill have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Clover Hill was $365,000 in May 2024, up 8.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.4K | $276.9K | +19.2% |
| 2 Bedrooms | $335.7K | $330K | -1.7% |
| 3 Bedrooms | $308.2K | $335K | +8.7% |
| 4 Bedrooms | $365K | $394.9K | +8.2% |
| 5+ Bedrooms | $470K | $510K | +8.5% |
Summary: Clover Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Clover Hill | $335K | $365K | +8.9% |
| Midlothian | $400.6K | $426.4K | +6.4% |
| Dale | $325K | $340K | +4.6% |
| Matoaca | $441.2K | $451.3K | +2.3% |
| Chesterfield | $432.3K | $442K | +2.2% |
Housing Supply in Clover Hill, VA
How many homes are available in Clover Hill, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 204 | 213 | +4.4% |
Summary: The Clover Hill real estate market had 213 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 99 | 105 | +6.1% |
| 4 Bedrooms | 72 | 79 | +9.7% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Clover Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 81 | +26.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clover Hill, you could pay more than the asking price. 69.1% of homes here sold above asking price last month.
Summary: A total of 81 homes were sold or pending in Clover Hill in May 2024, up by 26.6% month-over-month. Of the 81 sold homes, 15% were sold under asking, 16% were sold at asking, and 69% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +24.8% |
Summary: Homes in Clover Hill had an average of 10 days on market in May 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 May 2024, 81 homes were sold in Clover Hill; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.