Is Clarklake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Clarklake was a Seller's Market.
Key Takeaway
Clarklake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clarklake, MI
How much do homes in Clarklake, MI cost?
Median Sold Price
$406,972
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Clarklake have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Clarklake was $406,972 in March 2024, down 5.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $180K | +28.6% |
| 3 Bedrooms | $580K | $348.4K | -39.9% |
| 4 Bedrooms | $393.7K | $475K | +20.6% |
| 5+ Bedrooms | $529.9K | $343.2K | -35.2% |
Summary: Clarklake housing prices by bedroom type for March 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 39.9%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 35.2%.
Median Sold Price Compared To Nearby Cities
| Somerset Township | $239.9K | $304.5K | +26.9% |
| Cement City | $231.4K | $290K | +25.3% |
| Liberty Township | $292.5K | $327.5K | +12.0% |
| Columbia Township | $287K | $304.5K | +6.1% |
| Clarklake | $429.5K | $406.9K | -5.2% |
Housing Supply in Clarklake, MI
How many homes are available in Clarklake, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Clarklake real estate market had 7 homes for sale in March 2024, a 22.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Clarklake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Clarklake, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Clarklake in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Clarklake, MI
How long does it take to sell a home in Clarklake, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarklake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Clarklake; 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.
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.