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 February 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

$262,500

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$7,500(-2.8%)

Key Takeaway

Homes in Clay Township have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Clay Township was $262,500 in February 2024, down 2.8% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $63K$70K
+11.1%
2 $210K$210K
0.0%
3 $290K$256.5K
-11.6%
4 $465K$390K
-16.1%
5+ $497.5K$583K
+17.2%

Summary: Clay Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 17.2%.

Housing Supply in Clay Township, MI

How many homes are available in Clay Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2927-6.9%

Summary: The Clay Township real estate market had 27 homes for sale in February 2024, a 6.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1214
+16.7%
4 43
-25.0%
5+ 32
-33.3%

Summary: The Clay Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clay Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Clay Township in February 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% 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

Feb 2023Feb 2024CHANGE
5 Days107 Days+2044.0%

Summary: Homes in Clay Township had an average of 107 days on market in Feb 2024, up by 2044% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were 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.

Summary: During February 2024, 5 homes were sold in Clay Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 27 Days Ago

Newest Listings in Clay Township, MI

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What housing markets are near Clay Township, MI?