Is Clinton Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clinton Charter Township is a seller's market

Buyer's
Market

Difference Since August 2022

Since last year, Clinton Charter Township has remained a Seller's Market.

Key Takeaway

Clinton Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Clinton Charter Township, MI cost?

Median Sold Price

$228,571

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$8,706(+4.0%)

Key Takeaway

Homes in Clinton Charter Township have sold for 4% more than they did a year ago.

Summary: The median home sold price in Clinton Charter Township was $228,571 in August 2023, up 4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $89.9K$74.5K
-17.1%
2 $166.3K$190K
+14.2%
3 $234.8K$249.2K
+6.2%
4 $329.5K$325K
-1.4%
5+ $370K$367K
-0.8%

Summary: Clinton Charter Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+7.5%
Clinton Charter Township
+4.0%
Clinton Township
+3.9%
Mount Clemens
-1.6%
Harrison Charter Township
-2.9%

Housing Supply

How many homes are available in Clinton Charter Township, MI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
264293+11.0%

Summary: The Clinton Charter Township real estate market had 293 homes for sale in August 2023, a 11.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 01
+100.0%
2 98102
+4.1%
3 113135
+19.5%
4 4042
+5.0%
5+ 1313
0.0%

Summary: The Clinton Charter Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
9099+10.0%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clinton Charter Township, you could pay more than the asking price. 41.4% of homes here sold above asking price last month.

Summary: A total of 99 homes were sold or pending in Clinton Charter Township in August 2023, up by 10.0% month-over-month. Of the 99 sold homes, 32% were sold under asking, 26% were sold at asking, and 41% were sold over asking.

Days on Market

How long does it take to sell a home in Clinton Charter Township, MI?

Average Sale Time

Aug 2022Aug 2023CHANGE
18 Days15 Days-15.0%

Summary: Homes in Clinton Charter Township had an average of 15 days on market in Aug 2023, down by 15% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 99 homes were sold in Clinton Charter Township; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% 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 26 Days Ago

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Nearby Markets

What housing markets are near Clinton Charter Township, MI?