Is Clarklake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Clarklake was a Buyer's Market.
Key Takeaway
Clarklake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarklake, MI
How much do homes in Clarklake, MI cost?
Median Sold Price
$375,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarklake have sold for 14.7% less than they did a year ago.
Summary: The median home sold price in Clarklake was $375,000 in May 2024, down 14.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $180K | +28.6% |
| 3 Bedrooms | $630K | $290K | -54.0% |
| 4 Bedrooms | $393.7K | $450K | +14.3% |
| 5+ Bedrooms | $529.9K | $343.2K | -35.2% |
Summary: Clarklake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 54%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 35.2%.
Median Sold Price Compared To Nearby Cities
| Somerset Township | $239.9K | $287K | +19.6% |
| Cement City | $235K | $269.9K | +14.9% |
| Columbia Township | $296K | $324.9K | +9.8% |
| Clarklake | $439.5K | $375K | -14.7% |
| Liberty Township | $315K | $262K | -16.8% |
Housing Supply in Clarklake, MI
How many homes are available in Clarklake, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Clarklake real estate market had 11 homes for sale in May 2024, a 57.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Clarklake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarklake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Clarklake in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Clarklake, MI
How long does it take to sell a home in Clarklake, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 226 Days | +209.6% |
Summary: Homes in Clarklake had an average of 226 days on market in May 2024, up by 209.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Clarklake has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Clarklake; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.