$6,828 Closing Credit*
$575,000
1,663 SqFt
3 Beds
•2 Full Baths
Melissa A Socha, Listing Office: Modern Way Realty LLC
Is Clay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Clay Township has remained a Seller's Market.
Key Takeaway
Clay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clay Township, MI
How much do homes in Clay Township, MI cost?
Median Sold Price
$315,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+18.9%)
Key Takeaway
Homes in Clay Township have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Clay Township was $315,000 in November 2024, up 18.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $197.5K | +182.1% |
| 2 Bedrooms | $103K | $318.5K | +209.2% |
| 3 Bedrooms | $264.5K | $300.5K | +13.6% |
| 4 Bedrooms | $390K | $585.1K | +50.0% |
| 5+ Bedrooms | $400K | $712.5K | +78.1% |
Summary: Clay Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 182.1%, 2 bedroom homes increased by 209.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 78.1%.
Median Sold Price Compared To Nearby Cities
| Fair Haven | $274.9K | $365K | +32.8% |
| Clay Township | $265K | $315K | +18.9% |
Housing Supply in Clay Township, MI
How many homes are available in Clay Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Clay Township real estate market had 32 homes for sale in November 2024, a 17.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Clay Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clay Township, 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 Clay Township in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Clay Township, MI
How long does it take to sell a home in Clay Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 98 Days | +72.2% |
Summary: Homes in Clay Township had an average of 98 days on market in Nov 2024, up by 72.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Clay Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Clay Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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.