Is Clio, 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, Clio has remained a Seller's Market.
Key Takeaway
Clio is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clio, MI
How much do homes in Clio, MI cost?
Median Sold Price
$192,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clio have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Clio was $192,500 in May 2024, up 1.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $79.9K | -8.2% |
| 2 Bedrooms | $183.2K | $167.5K | -8.6% |
| 3 Bedrooms | $175K | $185K | +5.7% |
| 4 Bedrooms | $215K | $225K | +4.7% |
| 5+ Bedrooms | $215K | $341K | +58.6% |
Summary: Clio housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 58.6%.
Median Sold Price Compared To Nearby Cities
| Vienna Charter Township | $201.9K | $218.2K | +8.1% |
| Clio | $189.9K | $192.5K | +1.4% |
Housing Supply in Clio, MI
How many homes are available in Clio, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 79 | -2.5% |
Summary: The Clio real estate market had 79 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 25 | +13.6% |
| 3 Bedrooms | 35 | 36 | +2.9% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Clio housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 17 | -32.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clio, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Clio in May 2024, down by 32.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Clio, MI
How long does it take to sell a home in Clio, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 44 Days | +80.1% |
Summary: Homes in Clio had an average of 44 days on market in May 2024, up by 80.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clio are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Clio; 71% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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.
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.