Is Mount Clemens, 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, Mount Clemens has remained a Seller's Market.
Housing Prices in Mount Clemens, MI
How much do homes in Mount Clemens, MI cost?
Median Sold Price
$170,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Clemens was $170,000 in April 2024, up 3% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.5K | $52K | -16.9% |
2 Bedrooms | $125K | $118K | -5.6% |
3 Bedrooms | $178.7K | $177K | -1.0% |
4 Bedrooms | $168K | $170K | +1.2% |
5+ Bedrooms | $268.5K | $267.5K | -0.4% |
Summary: Mount Clemens housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Harrison Township | $229.9K | $249K | +8.3% |
Mount Clemens | $165K | $170K | +3.0% |
Harrison Charter Township | $207K | $210K | +1.4% |
Clinton Township | $229.2K | $230.2K | 0.4% |
Clinton Charter Township | $230K | $230.5K | 0.2% |
Housing Supply in Mount Clemens, MI
How many homes are available in Mount Clemens, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Summary: The Mount Clemens real estate market had 35 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mount Clemens 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 increased by 33.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Mount Clemens in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 66 Days | +388.9% |
Summary: Homes in Mount Clemens had an average of 66 days on market in Apr 2024, up by 388.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Mount Clemens; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.