Is Clay Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clay Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Clay Township, MI

How much do homes in Clay Township, MI cost?

Median Sold Price

$315,000

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+18.9%)

Key Takeaway

Homes in Clay Township have sold for 18.9% more than they did a year ago.

Summary: The median home sold price in Clay Township was $315,000 in November 2024, up 18.9% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $70K$197.5K
+182.1%
2 $103K$318.5K
+209.2%
3 $264.5K$300.5K
+13.6%
4 $390K$585.1K
+50.0%
5+ $400K$712.5K
+78.1%

Summary: Clay Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 182.1%, 2 bedroom homes increased by 209.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 78.1%.

Median Sold Price Compared To Nearby Cities

Fair Haven
+32.8%
Clay Township
+18.9%

Housing Supply in Clay Township, MI

How many homes are available in Clay Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3932-17.9%

Summary: The Clay Township real estate market had 32 homes for sale in November 2024, a 17.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2621
-19.2%
4 43
-25.0%
5+ 44
0.0%

Summary: The Clay Township housing inventory by bedroom type for November 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 19.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clay Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Clay Township in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Clay Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days98 Days+72.2%

Summary: Homes in Clay Township had an average of 98 days on market in Nov 2024, up by 72.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clay Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in Clay Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 5 Days Ago

Newest Listings in Clay Township, MI

Nearby Markets to Clay Township, MI

What housing markets are near Clay Township, MI?