Is Clover Ridge Estates, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clover Ridge Estates is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Clover Ridge Estates has remained a Neutral Market.

Key Takeaway

Clover Ridge Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Clover Ridge Estates, IL

How much do homes in Clover Ridge Estates, IL cost?

Median Sold Price

$493,545

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$21,865(+4.6%)

Key Takeaway

Homes in Clover Ridge Estates have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Clover Ridge Estates was $493,545 in April 2024, up 4.6% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $479.4K$532.9K
+11.2%
3 $297.5K$295K
-0.8%
4 -$661K
N/A
5+ -$535K
N/A

Summary: Clover Ridge Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Clover Ridge Estates, IL

How many homes are available in Clover Ridge Estates, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
57+40.0%

Summary: The Clover Ridge Estates real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 12
+100.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Clover Ridge Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clover Ridge Estates, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Clover Ridge Estates in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Clover Ridge Estates, IL

How long does it take to sell a home in Clover Ridge Estates, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days4 Days-90.0%

Summary: Homes in Clover Ridge Estates had an average of 4 days on market in Apr 2024, down by 90% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Clover Ridge Estates; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 7 Days Ago

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