Is Clawson, 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, Clawson has remained a Seller's Market.
Key Takeaway
Clawson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clawson, MI
How much do homes in Clawson, MI cost?
Median Sold Price
$291,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clawson have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Clawson was $291,000 in May 2024, up 11.9% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $180K | +44.0% |
| 2 Bedrooms | $218K | $215.5K | -1.1% |
| 3 Bedrooms | $270K | $295K | +9.3% |
| 4 Bedrooms | $279.9K | $362.4K | +29.4% |
| 5+ Bedrooms | $335K | $349.9K | +4.4% |
Summary: Clawson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in Clawson, MI
How many homes are available in Clawson, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The Clawson real estate market had 40 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Clawson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clawson, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Clawson in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for Clawson, MI
How long does it take to sell a home in Clawson, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 16 Days | +134.6% |
Summary: Homes in Clawson had an average of 16 days on market in May 2024, up by 134.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Clawson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Clawson; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
