Is Clarkston, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$385,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Clarkston have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Clarkston was $385,750 in June 2024, down 3.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $290K | N/A |
| 2 Bedrooms | $230K | $242.5K | +5.4% |
| 3 Bedrooms | $330K | $339.8K | +3.0% |
| 4 Bedrooms | $510K | $485K | -4.9% |
| 5+ Bedrooms | $595K | $650K | +9.2% |
Summary: Clarkston housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $344.9K | $375K | +8.7% |
| Davisburg | $399.9K | $409.9K | +2.5% |
| Clarkston | $400K | $385.7K | -3.6% |
| Independence Charter Township | $390K | $375.8K | -3.6% |
Housing Supply in Clarkston, MI
How many homes are available in Clarkston, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 146 | 170 | +16.4% |
Summary: The Clarkston real estate market had 170 homes for sale in June 2024, a 16.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 70 | 71 | +1.4% |
| 4 Bedrooms | 42 | 59 | +40.5% |
| 5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The Clarkston housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarkston, you could pay more than the asking price. 60.4% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in Clarkston in June 2024, up by 11.6% month-over-month. Of the 48 sold homes, 29% were sold under asking, 10% were sold at asking, and 60% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 25 Days | 21 Days | -15.9% |
Summary: Homes in Clarkston had an average of 21 days on market in Jun 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarkston are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 48 homes were sold in Clarkston; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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.