Is Clay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$310,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Clay Township have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Clay Township was $310,000 in November 2023, up 14.8% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $70K | +11.1% |
| 2 Bedrooms | $210K | $202.5K | -3.6% |
| 3 Bedrooms | $318K | $269K | -15.4% |
| 4 Bedrooms | $460K | $395K | -14.1% |
| 5+ Bedrooms | $512.5K | $400K | -22.0% |
Summary: Clay Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Cities
| Algonac | $177.9K | $225K | +26.5% |
| Clay Township | $270K | $310K | +14.8% |
| Fair Haven | $262.5K | $274.9K | +4.7% |
| Cottrellville Township | $252.5K | $260K | +3.0% |
Housing Supply in Clay Township, MI
How many homes are available in Clay Township, MI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 20 | 29 | +45.0% |
Summary: The Clay Township real estate market had 29 homes for sale in November 2023, a 45.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Clay Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Clay Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Clay Township in November 2023, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 24 Days | 66 Days | +177.1% |
Summary: Homes in Clay Township had an average of 66 days on market in Nov 2023, up by 177.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clay Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 6 homes were sold in Clay Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.