Clovis, NM Foreclosures
How much do homes sell for in Clovis, NM?
The average home price is currently $173,153.
What’s the average rental cost in Clovis, NM?
The average rental price in Clovis is $969.
What is the most expensive home in Clovis?
The most expensive home sold in Clovis had a price of $6,535,098.
What is currently the cheapest priced home in Clovis, NM?
The cheapest home for sale in Clovis is priced at $16,692.
Living in Clovis, NM
Clovis, NM is a family-friendly city known for its welcoming community and picturesque landscapes. With a rich cultural history and strong educational support, it offers ample recreational opportunities for residents. The city's charm and amenities make it an ideal place for both young professionals and retirees.
Current Market Conditions in Clovis, NM
The real estate market in Clovis, NM, has shown moderate growth over the past year, with a noticeable increase in housing demand. Home prices are generally affordable compared to national averages, attracting newcomers to the area. The rental market is also robust, with a healthy turnover of properties. The overall economy of Clovis is stable, supported by local businesses and the presence of Cannon Air Force Base, which boosts both population and housing demand.
In recent months, the Clovis real estate market has experienced fluctuations, mainly due to seasonal changes. Spring typically sees an uptick in buyer activity, while summer often brings a slight decrease as families focus on vacations and school transitions. However, interest rates remain favorable, encouraging investment in properties.
Home Value Estimator For Clovis, NM
There are currently 16,800 real estate properties
in Clovis, NM,
with a median automated valuation model (AVM) price
of $148,623.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Clovis, NM, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Clovis, NM,
is $173,153.00, with the most expensive house
in Clovis, NM, topping out
at $6,535,098.00 and the cheapest home
in Clovis, NM,
clocking in at $16,692.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Clovis, NM!
Rent Prices
In Clovis, NM
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Clovis, NM, is on
a rollercoaster ride. The
average rent price in Clovis, NM,
is $969.00. Indeed, when looking to rent in
Clovis, NM, you can expect to pay as little
as $440.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,010.00. The good news is that finding
an affordable and desirable property to rent in Clovis, NM
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
