Is Mount Clemens, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mount Clemens has remained a Seller's Market.
Housing Prices in Mount Clemens, MI
How much do homes in Mount Clemens, MI cost?
Median Sold Price
$171,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Clemens was $171,500 in May 2024, up 3.6% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $62.5K | $52K | -16.9% |
2 Bedrooms | $124K | $119.9K | -3.3% |
3 Bedrooms | $174.9K | $195K | +11.5% |
4 Bedrooms | $170K | $180K | +5.9% |
5+ Bedrooms | $268.5K | $267.5K | -0.4% |
Summary: Mount Clemens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Harrison Township | $237.9K | $261.5K | +9.9% |
Harrison Charter Township | $198.7K | $210K | +5.7% |
Mount Clemens | $165.5K | $171.5K | +3.6% |
Clinton Township | $228.2K | $230.5K | +1.0% |
Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Mount Clemens, MI
How many homes are available in Mount Clemens, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 58 | +52.6% |
Summary: The Mount Clemens real estate market had 58 homes for sale in May 2024, a 52.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 11 | +175.0% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 9 | 16 | +77.8% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Clemens housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 175%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Mount Clemens in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for Mount Clemens, MI
How long does it take to sell a home in Mount Clemens, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 23 Days | -24.1% |
Summary: Homes in Mount Clemens had an average of 23 days on market in May 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Mount Clemens; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.