Is Clay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Clay Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63K | $70K | +11.1% |
2 Bedrooms | $210K | $210K | 0.0% |
3 Bedrooms | $290K | $256.5K | -11.6% |
4 Bedrooms | $465K | $390K | -16.1% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 27 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 3 | 2 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 5 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
5 Days | 107 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
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.