$4,072 Closing Credit*
$342,900
2,364 SqFt
4 Beds
•3 Full Baths, 1 Partial
William Leiter, Listing Office: 616 Realty LLC
Is Caledonia, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Caledonia has remained a Seller's Market.
Key Takeaway
Caledonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caledonia, MI
How much do homes in Caledonia, MI cost?
Median Sold Price
$399,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$14,966(+3.9%)
Key Takeaway
Homes in Caledonia have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Caledonia was $399,900 in December 2024, up 3.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $230K | +4.5% |
| 2 Bedrooms | $302K | $300K | -0.7% |
| 3 Bedrooms | $365K | $374.5K | +2.6% |
| 4 Bedrooms | $449.4K | $422.5K | -6.0% |
| 5+ Bedrooms | $527K | $537.5K | +2.0% |
Summary: Caledonia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Caledonia | $384.9K | $399.9K | +3.9% |
| Caledonia Township | $394.9K | $408.9K | +3.6% |
Housing Supply in Caledonia, MI
How many homes are available in Caledonia, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 76 | 72 | -5.3% |
Summary: The Caledonia real estate market had 72 homes for sale in December 2024, a 5.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 11 | 5 | -54.5% |
Summary: The Caledonia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 54.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caledonia, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Caledonia in December 2024, up by 15.0% month-over-month. Of the 23 sold homes, 48% were sold under asking, 35% were sold at asking, and 17% were sold over asking.
Days on Market for Caledonia, MI
How long does it take to sell a home in Caledonia, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 19 Days | 37 Days | +87.5% |
Summary: Homes in Caledonia had an average of 37 days on market in Dec 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caledonia are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 23 homes were sold in Caledonia; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
