Is Saint Clair Shores, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Clair Shores is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Saint Clair Shores has remained a Seller's Market.

Key Takeaway

Saint Clair Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Clair Shores, MI

How much do homes in Saint Clair Shores, MI cost?

Median Sold Price

$235,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+11.9%)

Key Takeaway

Homes in Saint Clair Shores have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Saint Clair Shores was $235,000 in October 2024, up 11.9% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $61.5K$92.5K
+50.4%
2 $159K$175K
+10.1%
3 $218K$240K
+10.1%
4 $305K$290K
-4.9%
5+ $360K$319.5K
-11.3%

Summary: Saint Clair Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50.4%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Cities

Eastpointe
+13.0%
Saint Clair Shores
+11.9%
Grosse Pointe Woods
+9.1%
Roseville
+7.6%
Village of Grosse Pointe Shores
-25.9%

Housing Supply in Saint Clair Shores, MI

How many homes are available in Saint Clair Shores, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
275280+1.8%

Summary: The Saint Clair Shores real estate market had 280 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 68
+33.3%
2 6669
+4.5%
3 173172
-0.6%
4 2729
+7.4%
5+ 32
-33.3%

Summary: The Saint Clair Shores housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
9280-13.0%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Clair Shores, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in Saint Clair Shores in October 2024, down by 13.0% month-over-month. Of the 80 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.

Days on Market for Saint Clair Shores, MI

How long does it take to sell a home in Saint Clair Shores, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days26 Days+36.6%

Summary: Homes in Saint Clair Shores had an average of 26 days on market in Oct 2024, up by 36.6% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 80 homes were sold in Saint Clair Shores; 68% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% 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 16 Days Ago

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