Is Clarklake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Clarklake was a Neutral Market.
Key Takeaway
Clarklake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clarklake, MI
How much do homes in Clarklake, MI cost?
Median Sold Price
$407,986
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Clarklake have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Clarklake was $407,986 in April 2024, down 1.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $180K | +28.6% |
| 3 Bedrooms | $540K | $406.9K | -24.6% |
| 4 Bedrooms | $377.5K | $475K | +25.8% |
| 5+ Bedrooms | $529.9K | $343.2K | -35.2% |
Summary: Clarklake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 24.6%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes decreased by 35.2%.
Median Sold Price Compared To Nearby Cities
| Somerset Township | $255K | $319.5K | +25.3% |
| Cement City | $233.9K | $292.5K | +25.1% |
| Columbia Township | $287K | $318.7K | +11.1% |
| Liberty Township | $269.9K | $269K | -0.3% |
| Clarklake | $415K | $407.9K | -1.7% |
Housing Supply in Clarklake, MI
How many homes are available in Clarklake, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Clarklake real estate market had 7 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Clarklake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarklake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Clarklake in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Clarklake, MI
How long does it take to sell a home in Clarklake, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 215 Days | 194 Days | -9.5% |
Summary: Homes in Clarklake had an average of 194 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Clarklake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in Clarklake; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.