Is Clarkston, 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, 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
$385,375
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarkston have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Clarkston was $385,375 in May 2024, down 3.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235.7K | $231.6K | -1.8% |
| 3 Bedrooms | $328.9K | $336.8K | +2.4% |
| 4 Bedrooms | $506.5K | $483.2K | -4.6% |
| 5+ Bedrooms | $595K | $655K | +10.1% |
Summary: Clarkston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Springfield Charter Township | $350K | $367.5K | +5.0% |
| Davisburg | $403K | $402.5K | -0.1% |
| Independence Charter Township | $385K | $380.4K | -1.2% |
| Clarkston | $398.6K | $385.3K | -3.3% |
Housing Supply in Clarkston, MI
How many homes are available in Clarkston, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 122 | 144 | +18.0% |
Summary: The Clarkston real estate market had 144 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 68 | 67 | -1.5% |
| 4 Bedrooms | 31 | 42 | +35.5% |
| 5+ Bedrooms | 12 | 23 | +91.7% |
Summary: The Clarkston 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 10%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 91.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarkston, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Clarkston in May 2024, down by 7.9% month-over-month. Of the 35 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 19 Days | +24.3% |
Summary: Homes in Clarkston had an average of 19 days on market in May 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clarkston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Clarkston; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% 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.