Is Clinton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Clinton Township has remained a Seller's Market.
Housing Prices in Clinton Township, MI
How much do homes in Clinton Township, MI cost?
Median Sold Price
$230,562
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clinton Township was $230,562 in May 2024, up 1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63.2K | $115K | +81.8% |
2 Bedrooms | $188.5K | $190K | +0.8% |
3 Bedrooms | $238.5K | $260K | +9.0% |
4 Bedrooms | $321.5K | $340K | +5.8% |
5+ Bedrooms | $368.2K | $358.2K | -2.7% |
Summary: Clinton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 81.8%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Harrison Township | $237.9K | $261.5K | +9.9% |
Harrison Charter Township | $198.7K | $210K | +5.7% |
Mount Clemens | $165.5K | $171.5K | +3.6% |
Clinton Township | $228.2K | $230.5K | +1.0% |
Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Clinton Township, MI
How many homes are available in Clinton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
220 | 285 | +29.5% |
Summary: The Clinton Township real estate market had 285 homes for sale in May 2024, a 29.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 73 | 95 | +30.1% |
3 Bedrooms | 105 | 133 | +26.7% |
4 Bedrooms | 35 | 41 | +17.1% |
5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Clinton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 71 | -11.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Clinton Township in May 2024, down by 11.3% month-over-month. Of the 71 sold homes, 24% were sold under asking, 15% were sold at asking, and 61% were sold over asking.
Days on Market for Clinton Township, MI
How long does it take to sell a home in Clinton Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 11 Days | -71.6% |
Summary: Homes in Clinton Township had an average of 11 days on market in May 2024, down by 71.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 71 homes were sold in Clinton Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.