Is Clare County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clare County is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Clare County has remained a Seller's Market.

Key Takeaway

Clare County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Clare County, MI cost?

Median Sold Price

$124,994

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$15,044(+13.7%)

Key Takeaway

Homes in Clare County have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $50.5K$62.4K
+23.7%
2 $77.7K$90K
+15.8%
3 $135.3K$147.5K
+9.0%
4 $133.4K$220K
+64.9%
5+ $156.7K$392.5K
+150.4%

Median Sold Price Compared To Nearby Counties

Clare County
+13.7%
Isabella County
+12.9%
Osceola County
+12.5%
Gladwin County
+10.1%
Missaukee County
+5.5%

How many homes are available in Clare County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
267259-3.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 2834
+21.4%
2 8985
-4.5%
3 119110
-7.6%
4 2119
-9.5%
5+ 1011
+10.0%

Number of Homes Sold

Aug 2022Sep 2022%
5872+24.1%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clare County, you may be able to get a good deal. 69% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
40 Days52 Days+30.0%

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Clare County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Clare County, MI

There are 259 homes are for sale in Clare County, MI real estate market. In September 2022 in Clare County, MI there were 3% less homes for sale than in August 2022. Listings spent 52 days on the market in September 2022, and had a median list price of $124,994 during the same period. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties went up by 23.7%, the cost of 2 bedrooms properties went up by 15.8%, the cost of 3 bedrooms properties went up by 9%, 4 bedrooms properties prices increased by 64.9%, the cost of 5 bedrooms properties went up by 150.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 21.4%, the quantity of 2 bedrooms homes went down by 4.5%, number of 3 bedrooms homes decreased by 7.6%, number of 4 bedrooms homes decreased by 9.5%, number of 5 bedrooms homes increased by 10%. Over 10 listings were sold over their listed price in September 2022 in Clare County, MI. In the same period over 49 listings were sold below the listed price and 12 listings were sold for the listed price.

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