Is Mount Clemens, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Mount Clemens has remained a Seller's Market.
Key Takeaway
Mount Clemens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Clemens, MI
How much do homes in Mount Clemens, MI cost?
Median Sold Price
$164,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Mount Clemens have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Mount Clemens was $164,000 in June 2024, down 2.1% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $61K | -2.5% |
| 2 Bedrooms | $125K | $120K | -4.0% |
| 3 Bedrooms | $170K | $172K | +1.2% |
| 4 Bedrooms | $172.5K | $180K | +4.3% |
| 5+ Bedrooms | $268.5K | $267.5K | -0.4% |
Summary: Mount Clemens housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Clinton Charter Township | $225K | $234K | +4.0% |
| Clinton Township | $224.9K | $233.1K | +3.7% |
| Harrison Charter Township | $205K | $210K | +2.4% |
| Harrison Township | $237.9K | $236K | -0.8% |
| Mount Clemens | $167.4K | $164K | -2.1% |
Housing Supply in Mount Clemens, MI
How many homes are available in Mount Clemens, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Mount Clemens real estate market had 43 homes for sale in June 2024, a 4.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Mount Clemens housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Clemens, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Mount Clemens in June 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Mount Clemens, MI
How long does it take to sell a home in Mount Clemens, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 4 Days | 22 Days | +466.7% |
Summary: Homes in Mount Clemens had an average of 22 days on market in Jun 2024, up by 466.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Clemens are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 9 homes were sold in Mount Clemens; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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.