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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clement Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Clement Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Clement Township, MI

How much do homes in Clement Township, MI cost?

Median Sold Price

$52,000

$106/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$143,000(-73.3%)

Key Takeaway

Homes in Clement Township have sold for 73.3% less than they did a month ago.

Summary: The median home sold price in Clement Township was $52,000 in November 2024, down 73.3% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$52K
N/A
2 $178.5K$99.2K
-44.4%
3 $297.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: Clement Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Butman Township
+52.5%
Clement Township
-73.3%

Housing Supply in Clement Township, MI

How many homes are available in Clement Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1916-15.8%

Summary: The Clement Township real estate market had 16 homes for sale in November 2024, a 15.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 86
-25.0%
3 87
-12.5%
4 22
0.0%
5+ 00
0.0%

Summary: The Clement 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 25%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clement Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Clement Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Clement Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
93 Days107 Days+15.8%

Summary: Homes in Clement Township had an average of 107 days on market in Nov 2024, up by 15.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clement Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in Clement Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

Newest Listings in Clement Township, MI

Nearby Markets to Clement Township, MI

What housing markets are near Clement Township, MI?