Is Clarkston, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarkston is a seller's market

Buyer's
Market

Difference Since December 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

$420,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$29,173(+7.5%)

Key Takeaway

Homes in Clarkston have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Clarkston was $420,000 in December 2024, up 7.5% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$290K
N/A
2 $231.6K$329K
+42.1%
3 $335K$374.9K
+11.9%
4 $523K$525K
0.4%
5+ $625K$653.9K
+4.6%

Summary: Clarkston housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Cities

Springfield Charter Township
+15.8%
Davisburg
+11.8%
Clarkston
+7.5%
Independence Charter Township
+5.9%

Housing Supply in Clarkston, MI

How many homes are available in Clarkston, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
143120-16.1%

Summary: The Clarkston real estate market had 120 homes for sale in December 2024, a 16.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 7353
-27.4%
4 3938
-2.6%
5+ 1514
-6.7%

Summary: The Clarkston housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 27.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4736-23.4%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer56%33%11%

Key Takeaway

If you're buying a home in Clarkston, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Clarkston in December 2024, down by 23.4% month-over-month. Of the 36 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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

Dec 2023Dec 2024CHANGE
29 Days35 Days+20.4%

Summary: Homes in Clarkston had an average of 35 days on market in Dec 2024, up by 20.4% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times61%28%11%

Key Takeaway

Many homes in Clarkston are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 36 homes were sold in Clarkston; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

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