Is Climax, 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, Climax has remained a Seller's Market.
Key Takeaway
Climax is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Climax, MI
How much do homes in Climax, MI cost?
Median Sold Price
$233,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Climax have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Climax was $233,000 in May 2024, up 5.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $118.8K | - | N/A |
| 3 Bedrooms | $222.4K | $216.5K | -2.7% |
| 4 Bedrooms | $223.5K | $225K | +0.7% |
| 5+ Bedrooms | $590.5K | $685K | +16.0% |
Summary: Climax 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 did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Climax Township | $224.9K | $251.2K | +11.7% |
| Climax | $221.7K | $233K | +5.1% |
Housing Supply in Climax, MI
How many homes are available in Climax, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Climax real estate market had 7 homes for sale in May 2024, a 75.0% 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 | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Climax 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
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 Climax, 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 Climax in May 2024, up by 100.0% month-over-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 Climax, MI
How long does it take to sell a home in Climax, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 2 Days | -76.5% |
Summary: Homes in Climax had an average of 2 days on market in May 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Climax are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Climax; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
