$2,731 Closing Credit*
$230,000
1,530 SqFt
4 Beds
•1 Full Bath, 2 Partial
Amber Gille, Listing Office: Keller Williams Kalamazoo Market Center
Is Kalamazoo, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Kalamazoo has remained a Seller's Market.
Key Takeaway
Kalamazoo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalamazoo, MI
How much do homes in Kalamazoo, MI cost?
Median Sold Price
$230,336
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,625(+4.8%)
Key Takeaway
Homes in Kalamazoo have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Kalamazoo was $230,336 in November 2024, up 4.8% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.5K | $125K | +17.4% |
| 2 Bedrooms | $159.2K | $160K | 0.5% |
| 3 Bedrooms | $210.3K | $224K | +6.5% |
| 4 Bedrooms | $296.8K | $294.6K | -0.7% |
| 5+ Bedrooms | $407.4K | $465K | +14.1% |
Summary: Kalamazoo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Parchment | $200K | $227K | +13.5% |
| Portage | $261.5K | $285K | +9.0% |
| Kalamazoo Charter Township | $219.4K | $230.5K | +5.1% |
| Kalamazoo | $219.7K | $230.3K | +4.8% |
Housing Supply in Kalamazoo, MI
How many homes are available in Kalamazoo, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 522 | 501 | -4.0% |
Summary: The Kalamazoo real estate market had 501 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 4 | -50.0% |
| 2 Bedrooms | 109 | 104 | -4.6% |
| 3 Bedrooms | 224 | 224 | 0.0% |
| 4 Bedrooms | 136 | 127 | -6.6% |
| 5+ Bedrooms | 45 | 42 | -6.7% |
Summary: The Kalamazoo housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 117 | -19.9% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalamazoo, you may be able to get a good deal. 57.3% of homes here sold below asking price last month.
Summary: A total of 117 homes were sold or pending in Kalamazoo in November 2024, down by 19.9% month-over-month. Of the 117 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Kalamazoo, MI
How long does it take to sell a home in Kalamazoo, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +23.7% |
Summary: Homes in Kalamazoo had an average of 22 days on market in Nov 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
88 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalamazoo are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 117 homes were sold in Kalamazoo; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.