Is Cloverdale, IN 46120 a buyer’s or seller’s market?

The Cloverdale housing market right now

In the three months ending August 31, 2026, 17% of homes in Cloverdale, IN 46120 sold above their list price, the typical home went under contract in 41 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (25 days then) and the median sale price rose 51% to $329,857. Overall, Cloverdale is less competitive than a year ago, which gives buyers more room.

Within Putnam County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Cloverdale ranks #242 of 306 IN ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Roachdale 46172 (0% sold over asking) or Reelsville 46171 (0% sold over asking), while Russellville 46175 (50% sold over asking) and Fillmore 46128 (25% sold over asking) are even more competitive.