Is Clarkston, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarkston is a seller's market

Buyer's
Market

Difference Since January 2023

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

Key Takeaway

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

Housing Prices in Clarkston, MI

How much do homes in Clarkston, MI cost?

Median Sold Price

$386,800

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$2,425(+0.6%)

Key Takeaway

Homes in Clarkston have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in Clarkston was $386,800 in January 2024, up 0.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 --
N/A
2 $226K$235K
+4.0%
3 $323.5K$335K
+3.6%
4 $506.5K$505K
-0.3%
5+ $584.4K$627.5K
+7.4%

Summary: Clarkston housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Cities

Independence Charter Township
+4.9%
Clarkston
+0.6%
Davisburg
-2.5%
Springfield Charter Township
-6.9%

Housing Supply in Clarkston, MI

How many homes are available in Clarkston, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
10690-15.1%

Summary: The Clarkston real estate market had 90 homes for sale in January 2024, a 15.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 4937
-24.5%
4 4035
-12.5%
5+ 710
+42.9%

Summary: The Clarkston housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 24.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3818-52.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarkston, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Clarkston in January 2024, down by 52.6% month-over-month. Of the 18 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.

Days on Market for Clarkston, MI

How long does it take to sell a home in Clarkston, MI?

Average Sale Time

Jan 2023Jan 2024CHANGE
18 Days76 Days+323.5%

Summary: Homes in Clarkston had an average of 76 days on market in Jan 2024, up by 323.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Clarkston are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 18 homes were sold in Clarkston; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Clarkston, MI

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