Is Saint Clair Shores, 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, Saint Clair Shores has remained a Seller's Market.
Housing Prices in Saint Clair Shores, MI
How much do homes in Saint Clair Shores, MI cost?
Median Sold Price
$225,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Clair Shores was $225,000 in May 2024, up 8.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.2K | $92.5K | +18.2% |
2 Bedrooms | $155K | $173K | +11.6% |
3 Bedrooms | $214.9K | $230.9K | +7.4% |
4 Bedrooms | $265K | $265K | 0.0% |
5+ Bedrooms | $295K | $310K | +5.1% |
Summary: Saint Clair Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Grosse Pointe Woods | $290K | $335.2K | +15.6% |
Saint Clair Shores | $208K | $225K | +8.2% |
Roseville | $153K | $163.5K | +6.9% |
Eastpointe | $141.2K | $150.7K | +6.8% |
Village of Grosse Pointe Shores | $705K | $625.6K | -11.3% |
Housing Supply in Saint Clair Shores, MI
How many homes are available in Saint Clair Shores, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
204 | 215 | +5.4% |
Summary: The Saint Clair Shores real estate market had 215 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 47 | 53 | +12.8% |
3 Bedrooms | 134 | 135 | +0.7% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Saint Clair Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 83 | +13.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Saint Clair Shores in May 2024, up by 13.7% month-over-month. Of the 83 sold homes, 30% were sold under asking, 23% were sold at asking, and 47% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 17 Days | +15.5% |
Summary: Homes in Saint Clair Shores had an average of 17 days on market in May 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 83 homes were sold in Saint Clair Shores; 87% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.