Is Clio, 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, Clio has remained a Seller's Market.
Housing Prices in Clio, MI
How much do homes in Clio, MI cost?
Median Sold Price
$192,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Clio was $192,500 in May 2024, up 1.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $79.9K | -8.2% |
2 Bedrooms | $183.2K | $167.5K | -8.6% |
3 Bedrooms | $175K | $185K | +5.7% |
4 Bedrooms | $215K | $225K | +4.7% |
5+ Bedrooms | $215K | $341K | +58.6% |
Summary: Clio housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 58.6%.
Median Sold Price Compared To Nearby Cities
Vienna Charter Township | $201.9K | $218.2K | +8.1% |
Clio | $189.9K | $192.5K | +1.4% |
Housing Supply in Clio, MI
How many homes are available in Clio, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 79 | -2.5% |
Summary: The Clio real estate market had 79 homes for sale in May 2024, a 2.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 22 | 25 | +13.6% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 17 | 10 | -41.2% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Clio 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 13.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 17 | -32.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Clio in May 2024, down by 32.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Clio, MI
How long does it take to sell a home in Clio, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 44 Days | +80.1% |
Summary: Homes in Clio had an average of 44 days on market in May 2024, up by 80.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Clio; 71% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.