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 May 2021

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.

How much do homes in Clay Township, MI cost?

Median Sold Price

$281,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$41,000(+17.1%)

Key Takeaway

Homes in Clay Township have sold for 17.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 -$126.5K
N/A
2 $185K$189.5K
+2.4%
3 $234.9K$280K
+19.2%
4 $282.5K$375K
+32.7%
5+ $420K$402.5K
-4.2%

Median Sold Price Compared To Nearby Cities

Cottrellville Township
+25.0%
Clay Township
+17.1%
Algonac
+12.3%
Fair Haven
+12.1%
Harsens Island
+9.8%

How many homes are available in Clay Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
5568+23.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 1014
+40.0%
3 2929
0.0%
4 1017
+70.0%
5+ 57
+40.0%

Number of Homes Sold

Apr 2022May 2022%
1315+15.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 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. 60% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
51 Days44 Days-12.8%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Clay Township, MI

Homes for sale in Clay Township, MI have reached 68. The inventory of homes for sale in Clay Township, MI between April 2022 and May 2022 increased by 23.6%. Listings spent 44 days on the market in May 2022, and had a median list price of $281,000 during the same period. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 2.4%, the cost of 3 bedrooms properties went up by 19.2%, prices of 4 bedrooms properties increased by 32.7%, prices of 5 bedrooms properties decreased by 4.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 40%, number of 3 bedrooms homes remained the same, the quantity of 4 bedrooms homes went up by 70%, the quantity of 5 bedrooms homes went up by 40%. Clay Township, MI housing market in May 2022 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 9 sold below.

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