Is Clarkston, 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, Clarkston has remained a Seller's Market.
Key Takeaway
Clarkston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarkston, MI
How much do homes in Clarkston, MI cost?
Median Sold Price
$386,166
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clarkston have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Clarkston was $386,166 in April 2024, down 1.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227K | $242.5K | +6.8% |
| 3 Bedrooms | $325K | $338K | +4.0% |
| 4 Bedrooms | $510K | $485K | -4.9% |
| 5+ Bedrooms | $585K | $635.5K | +8.6% |
Summary: Clarkston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Independence Charter Township | $371.4K | $385K | +3.7% |
| Davisburg | $399.9K | $402.5K | +0.7% |
| Clarkston | $391.9K | $386.1K | -1.5% |
| Springfield Charter Township | $391.2K | $370K | -5.4% |
Housing Supply in Clarkston, MI
How many homes are available in Clarkston, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 128 | +21.9% |
Summary: The Clarkston real estate market had 128 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 51 | 71 | +39.2% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Clarkston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 39.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 35 | +12.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarkston, you could pay more than the asking price. 62.9% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Clarkston in April 2024, up by 12.9% month-over-month. Of the 35 sold homes, 17% were sold under asking, 20% were sold at asking, and 63% were sold over asking.
Days on Market for Clarkston, MI
How long does it take to sell a home in Clarkston, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 18 Days | -66.8% |
Summary: Homes in Clarkston had an average of 18 days on market in Apr 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarkston are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 35 homes were sold in Clarkston; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
