Is Keego Harbor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Keego Harbor was a Seller's Market.
Key Takeaway
Keego Harbor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Keego Harbor, MI
How much do homes in Keego Harbor, MI cost?
Median Sold Price
$188,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Keego Harbor have sold for 20.3% less than they did a year ago.
Summary: The median home sold price in Keego Harbor was $188,000 in May 2024, down 20.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.9K | - | N/A |
| 2 Bedrooms | $150K | $163.5K | +9.0% |
| 3 Bedrooms | $242.2K | $205K | -15.4% |
| 4 Bedrooms | $270.9K | $319.9K | +18.1% |
| 5+ Bedrooms | $415K | $2.4M | +485.2% |
Summary: Keego Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 485.2%.
Median Sold Price Compared To Nearby Cities
| Waterford Charter Township | $242.8K | $254.8K | +4.9% |
| West Bloomfield Charter Township | $390K | $400.3K | +2.6% |
| West Bloomfield | $400K | $410K | +2.5% |
| Keego Harbor | $236K | $188K | -20.3% |
| Sylvan Lake | $360K | $278.5K | -22.6% |
Housing Supply in Keego Harbor, MI
How many homes are available in Keego Harbor, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The Keego Harbor real estate market had 10 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Keego Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Keego Harbor, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Keego Harbor in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Keego Harbor, MI
How long does it take to sell a home in Keego Harbor, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 3 Days | -89.7% |
Summary: Homes in Keego Harbor had an average of 3 days on market in May 2024, down by 89.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Keego Harbor are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Keego Harbor; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
