Is Cloverdale, VA 24077 a buyer’s or seller’s market?
Cloverdale is a seller’s market. With about 1.6 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Cloverdale housing market right now
In the three months ending August 31, 2026, 33% of homes in Cloverdale, VA 24077 sold above their list price, the typical home went under contract in 7 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (12 days then) and the median sale price fell 17% to $229,376. Overall, Cloverdale is more competitive than a year ago, so tougher for buyers.
Within Botetourt County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Daleville 24083 (12% sold over asking) or Eagle Rock 24085 (17% sold over asking).
Run the numbers for 24077
Nearby markets
Buchanan 24066Seller’s market $136 /sq ftDaleville 24083Seller’s market $187 /sq ftEagle Rock 24085Seller’s market $175 /sq ftFincastle 24090Seller’s market $136 /sq ft Browse all markets →Where Cloverdale is
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Questions about Cloverdale real estate
Is Cloverdale a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Cloverdale, VA 24077 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cloverdale?
The typical home went under contract in 7 days in the latest three months.
Do homes in Cloverdale sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Cloverdale?
About 0.64% of a home’s value a year in Botetourt County, or roughly $2,560 on a $400,000 home.
What is the median home price in Cloverdale?
The median sale price was $229,376 in the three months ending August 31, 2026, about $194 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology