Is Saint Clair Shores, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Clair Shores is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Saint Clair Shores has remained a Seller's Market.

Key Takeaway

Saint Clair Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Clair Shores, MI

How much do homes in Saint Clair Shores, MI cost?

Median Sold Price

$222,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,571(+5.5%)

Key Takeaway

Homes in Saint Clair Shores have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Saint Clair Shores was $222,000 in March 2024, up 5.5% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$48K
-40.0%
2 $155K$166.5K
+7.4%
3 $215K$230K
+7.0%
4 $268K$269.4K
0.5%
5+ $295K$310K
+5.1%

Summary: Saint Clair Shores housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Grosse Pointe Woods
+10.7%
Eastpointe
+7.1%
Roseville
+6.7%
Saint Clair Shores
+5.5%

Housing Supply in Saint Clair Shores, MI

How many homes are available in Saint Clair Shores, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
114143+25.4%

Summary: The Saint Clair Shores real estate market had 143 homes for sale in March 2024, a 25.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2541
+64.0%
3 7587
+16.0%
4 910
+11.1%
5+ 33
0.0%

Summary: The Saint Clair Shores 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 increased by 64%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3639+8.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Clair Shores, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in Saint Clair Shores in March 2024, up by 8.3% month-over-month. Of the 39 sold homes, 28% were sold under asking, 21% were sold at asking, and 51% were sold over asking.

Days on Market for Saint Clair Shores, MI

How long does it take to sell a home in Saint Clair Shores, MI?

Average Sale Time

Mar 2023Mar 2024CHANGE
74 Days23 Days-68.3%

Summary: Homes in Saint Clair Shores had an average of 23 days on market in Mar 2024, down by 68.3% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Clair Shores are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 39 homes were sold in Saint Clair Shores; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% 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

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