Is Kalamazoo Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalamazoo Charter Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Kalamazoo Charter Township has remained a Seller's Market.

Key Takeaway

Kalamazoo Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kalamazoo Charter Township, MI

How much do homes in Kalamazoo Charter Township, MI cost?

Median Sold Price

$230,566

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,145(+5.1%)

Key Takeaway

Homes in Kalamazoo Charter Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Kalamazoo Charter Township was $230,566 in November 2024, up 5.1% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $106.5K$125K
+17.4%
2 $159.1K$160K
+0.6%
3 $210.3K$224K
+6.5%
4 $296.6K$294.4K
-0.7%
5+ $407.4K$465K
+14.1%

Summary: Kalamazoo Charter Township 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 0.6%, 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

Cooper Charter Township
+15.6%
Parchment
+13.5%
Kalamazoo Charter Township
+5.1%
Comstock Charter Township
+5.0%
Kalamazoo
+4.8%

Housing Supply in Kalamazoo Charter Township, MI

How many homes are available in Kalamazoo Charter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
522501-4.0%

Summary: The Kalamazoo Charter Township 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

# BEDSOct 2024Nov 2024CHANGE
1 84
-50.0%
2 109104
-4.6%
3 224224
0.0%
4 136127
-6.6%
5+ 4542
-6.7%

Summary: The Kalamazoo Charter Township 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 2024Nov 2024CHANGE
146117-19.9%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalamazoo Charter Township, 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 Charter Township 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 Charter Township, MI

How long does it take to sell a home in Kalamazoo Charter Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days22 Days+23.7%

Summary: Homes in Kalamazoo Charter Township 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kalamazoo Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 117 homes were sold in Kalamazoo Charter Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Kalamazoo Charter Township, MI

Nearby Markets to Kalamazoo Charter Township, MI

What housing markets are near Kalamazoo Charter Township, MI?