Is Kalkaska County, 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, Kalkaska County was a Buyer's Market.
Key Takeaway
Kalkaska County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalkaska County, MI
How much do homes in Kalkaska County, MI cost?
Median Sold Price
$258,550
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kalkaska County have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Kalkaska County was $258,550 in May 2024, up 13.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.9K | $117K | -0.8% |
| 2 Bedrooms | $149.7K | $213.6K | +42.6% |
| 3 Bedrooms | $249.7K | $256.1K | +2.5% |
| 4 Bedrooms | $262.5K | $375K | +42.9% |
| 5+ Bedrooms | $290.5K | $361K | +24.3% |
Summary: Kalkaska County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 42.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Counties
| Antrim County | $249.9K | $306K | +22.5% |
| Missaukee County | $182.5K | $220K | +20.5% |
| Crawford County | $168K | $199.5K | +18.8% |
| Kalkaska County | $227.7K | $258.5K | +13.5% |
| Grand Traverse County | $423.7K | $407.1K | -3.9% |
Housing Supply in Kalkaska County, MI
How many homes are available in Kalkaska County, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 131 | +35.1% |
Summary: The Kalkaska County real estate market had 131 homes for sale in May 2024, a 35.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 22 | 35 | +59.1% |
| 3 Bedrooms | 44 | 62 | +40.9% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Kalkaska County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 59.1%, 3 bedroom homes increased by 40.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 31 | +158.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalkaska County, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Kalkaska County in May 2024, up by 158.3% month-over-month. Of the 26 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Kalkaska County, MI
How long does it take to sell a home in Kalkaska County, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 51 Days | +8.4% |
Summary: Homes in Kalkaska County had an average of 51 days on market in May 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kalkaska County has remained consistent over time.
Summary: During May 2024, 31 homes were sold in Kalkaska County; 29% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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