Is Clovis, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Clovis has remained a Seller's Market.
Housing Prices in Clovis, CA
How much do homes in Clovis, CA cost?
Median Sold Price
$495,077
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Clovis was $495,077 in March 2024, up 2.2% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $234.5K | +2.0% |
2 Bedrooms | $342.4K | $358.4K | +4.6% |
3 Bedrooms | $425K | $429.8K | +1.2% |
4 Bedrooms | $592.5K | $600K | +1.3% |
5+ Bedrooms | $735K | $725K | -1.4% |
Summary: Clovis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Clovis, CA
How many homes are available in Clovis, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
298 | 324 | +8.7% |
Summary: The Clovis real estate market had 324 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 141 | 149 | +5.7% |
4 Bedrooms | 98 | 113 | +15.3% |
5+ Bedrooms | 45 | 43 | -4.4% |
Summary: The Clovis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 4.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 82 | +2.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Clovis in March 2024, up by 2.5% month-over-month. Of the 82 sold homes, 35% were sold under asking, 27% were sold at asking, and 38% were sold over asking.
Days on Market for Clovis, CA
How long does it take to sell a home in Clovis, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 27 Days | -25.2% |
Summary: Homes in Clovis had an average of 27 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 82 homes were sold in Clovis; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.