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.
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
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
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
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.