Is Clayton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clayton Charter Township has remained a Seller's Market.
Key Takeaway
Clayton Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clayton Charter Township, MI
How much do homes in Clayton Charter Township, MI cost?
Median Sold Price
$225,810
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clayton Charter Township have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Clayton Charter Township was $225,810 in May 2024, down 3.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $214.9K | +13.1% |
| 3 Bedrooms | $219K | $225K | +2.7% |
| 4 Bedrooms | $300K | $290K | -3.3% |
| 5+ Bedrooms | $405K | $341K | -15.8% |
Summary: Clayton Charter Township 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 13.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Swartz Creek | $216K | $234.7K | +8.7% |
| Lennon | $185.5K | $196K | +5.7% |
| Venice Township | $177.4K | $182K | +2.6% |
| Clayton Charter Township | $233.4K | $225.8K | -3.3% |
| Flint Charter Township | $87.3K | $80K | -8.5% |
Housing Supply in Clayton Charter Township, MI
How many homes are available in Clayton Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Summary: The Clayton Charter Township real estate market had 28 homes for sale in May 2024, a 15.2% decrease 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Clayton Charter Township 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 increased by 200%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clayton Charter Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Clayton Charter Township in May 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Clayton Charter Township, MI
How long does it take to sell a home in Clayton Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -7.5% |
Summary: Homes in Clayton Charter Township had an average of 37 days on market in May 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clayton Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Clayton Charter Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.