Is Mount Clemens, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Clemens is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Mount Clemens was a Seller's Market.

Key Takeaway

Mount Clemens is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mount Clemens, MI

How much do homes in Mount Clemens, MI cost?

Median Sold Price

$160,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$9,900(-5.8%)

Key Takeaway

Homes in Mount Clemens have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in Mount Clemens was $160,000 in March 2024, down 5.8% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $65.1K$56K
-14.0%
2 $128.9K$122K
-5.4%
3 $175K$170K
-2.9%
4 $170K$170K
0.0%
5+ $268.5K$250K
-6.9%

Summary: Mount Clemens housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+11.1%
Harrison Charter Township
+7.0%
Clinton Charter Township
-0.5%
Clinton Township
-0.5%
Mount Clemens
-5.8%

Housing Supply in Mount Clemens, MI

How many homes are available in Mount Clemens, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2532+28.0%

Summary: The Mount Clemens real estate market had 32 homes for sale in March 2024, a 28.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 914
+55.6%
4 711
+57.1%
5+ 22
0.0%

Summary: The Mount Clemens housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Clemens, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mount Clemens in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Mar 2023Mar 2024CHANGE
47 Days34 Days-26.1%

Summary: Homes in Mount Clemens had an average of 34 days on market in Mar 2024, down by 26.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Clemens are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Mount Clemens; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

Newest Listings in Mount Clemens, MI

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