Is Clinton 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, Clinton Township has remained a Seller's Market.
Key Takeaway
Clinton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clinton Township, MI
How much do homes in Clinton Township, MI cost?
Median Sold Price
$230,562
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clinton Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Clinton Township was $230,562 in May 2024, up 1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.2K | $115K | +81.8% |
| 2 Bedrooms | $188.5K | $190K | +0.8% |
| 3 Bedrooms | $238.5K | $260K | +9.0% |
| 4 Bedrooms | $321.5K | $340K | +5.8% |
| 5+ Bedrooms | $368.2K | $358.2K | -2.7% |
Summary: Clinton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Harrison Township | $237.9K | $261.5K | +9.9% |
| Harrison Charter Township | $198.7K | $210K | +5.7% |
| Mount Clemens | $165.5K | $171.5K | +3.6% |
| Clinton Township | $228.2K | $230.5K | +1.0% |
| Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Clinton Township, MI
How many homes are available in Clinton Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 220 | 285 | +29.5% |
Summary: The Clinton Township real estate market had 285 homes for sale in May 2024, a 29.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 73 | 95 | +30.1% |
| 3 Bedrooms | 105 | 133 | +26.7% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Clinton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 71 | -11.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clinton Township, you could pay more than the asking price. 60.6% of homes here sold above asking price last month.
Summary: A total of 71 homes were sold or pending in Clinton Township in May 2024, down by 11.3% month-over-month. Of the 71 sold homes, 24% were sold under asking, 15% were sold at asking, and 61% were sold over asking.
Days on Market for Clinton Township, MI
How long does it take to sell a home in Clinton Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 11 Days | -71.6% |
Summary: Homes in Clinton Township had an average of 11 days on market in May 2024, down by 71.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clinton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 71 homes were sold in Clinton Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.