Clovis, California housing market update (June 2025)

Date of update: 31 Jul 2025 (latest monthly data available is for June 2025)

Overview of market conditions

Additional context

• Inventory changes: Rocket Homes notes that total active listings (493 homes) increased 12 % from May to June 2025rocket.com. This suggests sellers are gradually returning to the market, though levels are still low compared with pre‑pandemic norms. Inventory growth was especially strong among 4‑ and 5‑bedroom homes (up 13 % and 34 %, respectively)rocket.com, while 1‑bedroom inventory fell 50 %rocket.com.

• Sales slowdown: Only 84 homes sold or went under contract in June 2025, a decline of about 9.7 % compared with Mayrocket.com. Fewer closings partly reflect higher borrowing costs and limited inventory. The broader Central Valley was also the only California region to post a year‑over‑year sales decline in June (‑0.8 %)car.org.

• Price stability: Despite a slight year‑over‑year dip in the median sold price (‑1 %rocket.com), Clovis prices appear relatively stable. Realtor.com describes Clovis as a balanced market in June 2025, meaning supply and demand are roughly equalrealtor.com. The sale‑to‑list ratio near 99.7 %realtor.com suggests sellers are receiving offers close to their asking price.

• Time on market: Homes in Clovis took about 32–41 days to sell in June 2025rocket.comrealtor.com. Days on market have increased slightly since last year and since the prior month, giving buyers more breathing room but still indicating brisk turnover.

• Seller’s vs buyer’s market: Rocket Homes classifies Clovis as a seller’s marketrocket.com, while Realtor.com labels it balancedrealtor.com. The difference comes from using different data sources. Low inventory and a high share of homes selling within a month support the idea that sellers still have an advantage, but the increase in listing days and the high share of homes closing below asking price mean buyers may have negotiating power.

• Regional and statewide factors: According to the California Association of Realtors (C.A.R.), the statewide unsold inventory index was 3.8 months in June 2025, up from 3.0 months a year earliercar.org. The median number of days to sell a California single‑family home rose to 24 days (from 18 days in June 2024)car.org. Mortgage rates averaged 6.82 % in June 2025, slightly below June 2024’s 6.92 %car.org. These statewide trends influence buyer affordability and transaction volume in Clovis.

Key takeaways and outlook

• Prices are firm but not surging. Clovis’ median sold price around $500k has remained fairly stable year‑over‑yearrocket.com and is close to the median listing price of $525krealtor.com. Smaller homes (1–2 bedrooms) saw the strongest price growthrocket.com, while four‑bedroom homes were essentially flat.

• Supply is increasing slightly, with active listings up 12 % month‑over‑monthrocket.com. However, inventory is still tight enough that most homes sell quickly (two‑thirds within 30 days)rocket.com.

• Buyers have some leverage: About 48 % of homes sold below the asking price in Junerocket.com, and days on market have lengthened to roughly 1 – 1.5 monthsrocket.comrealtor.com. Higher mortgage rates continue to dampen demand, so motivated sellers may consider pricing competitively.

• Sellers can still command strong prices: Sale‑to‑list ratios near 100 %realtor.com and the seller’s‑market classificationrocket.com indicate that well‑priced homes attract solid offers. Homes that are updated and priced appropriately are likely to sell quickly.

• Watch for late‑summer trends: June data is the latest available. As of late July 2025, mortgage rates remain volatile, but statewide inventory gains and slowing sales growth suggest the market may continue to normalize. Buyers and sellers should monitor monthly data releases to see whether the slight increase in inventory persists into fall.