Is Clare County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Clare County has remained a Seller's Market.
Key Takeaway
Clare County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clare County, MI
How much do homes in Clare County, MI cost?
Median Sold Price
$133,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clare County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Clare County was $133,000 in April 2024, up 3.9% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $81.4K | $59.9K | -26.5% |
| 2 Bedrooms | $95K | $105K | +10.5% |
| 3 Bedrooms | $148K | $159.6K | +7.9% |
| 4 Bedrooms | $207K | $219.9K | +6.2% |
| 5+ Bedrooms | $135K | $465K | +244.4% |
Summary: Clare County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 244.4%.
Median Sold Price Compared To Nearby Counties
| Missaukee County | $183.7K | $215K | +17.0% |
| Clare County | $128K | $133K | +3.9% |
| Roscommon County | $169.9K | $174.8K | +2.9% |
| Isabella County | $175K | $178.9K | +2.3% |
| Gladwin County | $179.5K | $170K | -5.3% |
Housing Supply in Clare County, MI
How many homes are available in Clare County, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 142 | +59.6% |
Summary: The Clare County real estate market had 142 homes for sale in April 2024, a 59.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 18 | +63.6% |
| 2 Bedrooms | 23 | 40 | +73.9% |
| 3 Bedrooms | 43 | 60 | +39.5% |
| 4 Bedrooms | 7 | 18 | +157.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Clare County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 73.9%, 3 bedroom homes increased by 39.5%, 4 bedroom homes increased by 157.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 28 | +211.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clare County, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Clare County in April 2024, up by 211.1% month-over-month. Of the 28 sold homes, 61% were sold under asking, 18% were sold at asking, and 21% were sold over asking.
Days on Market for Clare County, MI
How long does it take to sell a home in Clare County, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 160 Days | 61 Days | -61.7% |
Summary: Homes in Clare County had an average of 61 days on market in Apr 2024, down by 61.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clare County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Clare County; 36% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 25% 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. 
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.