Is Mount Clemens, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Mount Clemens, MI cost?
Median Sold Price
$163,800
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Mount Clemens have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Mount Clemens was $163,800 in August 2023, down 1.6% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73K | $78K | +6.8% |
| 2 Bedrooms | $124K | $123.5K | -0.4% |
| 3 Bedrooms | $179.5K | $170K | -5.3% |
| 4 Bedrooms | $160K | $185K | +15.6% |
| 5+ Bedrooms | $180K | $198.5K | +10.3% |
Summary: Mount Clemens housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Harrison Township | $219K | $235.5K | +7.5% |
| Clinton Charter Township | $219.8K | $228.5K | +4.0% |
| Clinton Township | $219.8K | $228.3K | +3.9% |
| Mount Clemens | $166.4K | $163.8K | -1.6% |
| Harrison Charter Township | $207.5K | $201.4K | -2.9% |
Housing Supply
How many homes are available in Mount Clemens, MI?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Summary: The Mount Clemens real estate market had 44 homes for sale in August 2023, a 2.3% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Clemens housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Clemens, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Mount Clemens in August 2023, up by 38.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market
How long does it take to sell a home in Mount Clemens, MI?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 51 Days | 11 Days | -77.5% |
Summary: Homes in Mount Clemens had an average of 11 days on market in Aug 2023, down by 77.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Clemens are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 18 homes were sold in Mount Clemens; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% 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.