Is Clovis, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clovis is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Clovis, CA

How much do homes in Clovis, CA cost?

Median Sold Price

$499,911

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,844(+4.1%)

Key Takeaway

Homes in Clovis have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Clovis was $499,911 in April 2024, up 4.1% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $230K$234.5K
+2.0%
2 $342.4K$356.4K
+4.1%
3 $420.2K$430.7K
+2.5%
4 $588.7K$605K
+2.8%
5+ $750K$720K
-4.0%

Summary: Clovis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Cities

Sierra
+9.7%
Friant
+9.1%
Clovis
+4.1%
Fresno
+1.3%

Housing Supply in Clovis, CA

How many homes are available in Clovis, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
328342+4.3%

Summary: The Clovis real estate market had 342 homes for sale in April 2024, a 4.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1914
-26.3%
3 154144
-6.5%
4 115136
+18.3%
5+ 3947
+20.5%

Summary: The Clovis 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 decreased by 26.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 20.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
9388-5.4%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clovis, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in Clovis in April 2024, down by 5.4% month-over-month. Of the 88 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% 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

Apr 2023Apr 2024CHANGE
32 Days31 Days-2.2%

Summary: Homes in Clovis had an average of 31 days on market in Apr 2024, down by 2.2% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 88 homes were sold in Clovis; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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 10 Days Ago

Newest Listings in Clovis, CA

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