Is Clayton Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clayton Charter Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Clayton Charter Township has remained a Seller's Market.

Key Takeaway

Clayton Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clayton Charter Township, MI

How much do homes in Clayton Charter Township, MI cost?

Median Sold Price

$238,500

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+1.7%)

Key Takeaway

Homes in Clayton Charter Township have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Clayton Charter Township was $238,500 in October 2024, up 1.7% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $217.4K$207.5K
-4.6%
3 $225.8K$232.5K
+3.0%
4 $309K$285K
-7.8%
5+ $477.5K$341K
-28.6%

Summary: Clayton Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 28.6%.

Median Sold Price Compared To Nearby Cities

Venice Township
+43.5%
Lennon
+41.4%
Swartz Creek
+10.3%
Clayton Charter Township
+1.7%
Flint Charter Township
-2.3%

Housing Supply in Clayton Charter Township, MI

How many homes are available in Clayton Charter Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
37370.0%

Summary: The Clayton Charter Township real estate market had 37 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 34
+33.3%
3 1817
-5.6%
4 1515
0.0%
5+ 10
-100.0%

Summary: The Clayton Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clayton Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Clayton Charter Township in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Clayton Charter Township, MI

How long does it take to sell a home in Clayton Charter Township, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days17 Days+38.7%

Summary: Homes in Clayton Charter Township had an average of 17 days on market in Oct 2024, up by 38.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Clayton Charter Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Clayton Charter Township, MI

Nearby Markets to Clayton Charter Township, MI

What housing markets are near Clayton Charter Township, MI?