$27,500
1.00 Acres
Land
#50161760, BRENT DUFFETT, Listing Office: PEYTON PROPERTIES, LLC
Is Clare, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Clare was a Buyer's Market.
Key Takeaway
Clare is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clare, MI
How much do homes in Clare, MI cost?
Median Sold Price
$181,275
$95/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$21,525(+13.5%)
Key Takeaway
Homes in Clare have sold for 13.5% more than they did a month ago.
Summary: The median home sold price in Clare was $181,275 in October 2024, up 13.5% from last month, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $77.7K | N/A |
| 3 Bedrooms | $166.5K | $276.2K | +65.9% |
| 4 Bedrooms | $153K | $190K | +24.2% |
| 5+ Bedrooms | - | $242.9K | N/A |
Summary: Clare housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 65.9%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes did not change.
Housing Supply in Clare, MI
How many homes are available in Clare, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The Clare real estate market had 25 homes for sale in October 2024, a 19.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Clare housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Clare, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Clare in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Clare, MI
How long does it take to sell a home in Clare, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 53 Days | -22.8% |
Summary: Homes in Clare had an average of 53 days on market in Oct 2024, down by 22.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Clare has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Clare; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% 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.