$1,544 Closing Credit*
$130,000
Madison H Lukeman, Listing Office: Lukeman Group LLC
Is Kalamazoo County, 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 County has remained a Seller's Market.
Key Takeaway
Kalamazoo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalamazoo County, MI
How much do homes in Kalamazoo County, MI cost?
Median Sold Price
$265,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,698(+6.3%)
Key Takeaway
Homes in Kalamazoo County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Kalamazoo County was $265,000 in November 2024, up 6.3% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $124.5K | +19.7% |
| 2 Bedrooms | $165.3K | $171.1K | +3.5% |
| 3 Bedrooms | $235K | $245K | +4.3% |
| 4 Bedrooms | $311.5K | $315.4K | +1.2% |
| 5+ Bedrooms | $440K | $464.9K | +5.7% |
Summary: Kalamazoo County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Counties
| Barry County | $264.6K | $288.3K | +9.0% |
| Saint Joseph County | $187.8K | $204.5K | +8.8% |
| Kalamazoo County | $249.3K | $265K | +6.3% |
| Calhoun County | $169.9K | $180.1K | +6.0% |
| Van Buren County | $280.2K | $294.9K | +5.2% |
Housing Supply in Kalamazoo County, MI
How many homes are available in Kalamazoo County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 883 | 823 | -6.8% |
Summary: The Kalamazoo County real estate market had 823 homes for sale in November 2024, a 6.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 6 | -45.5% |
| 2 Bedrooms | 155 | 142 | -8.4% |
| 3 Bedrooms | 371 | 353 | -4.9% |
| 4 Bedrooms | 258 | 234 | -9.3% |
| 5+ Bedrooms | 88 | 88 | 0.0% |
Summary: The Kalamazoo County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 45.5%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 240 | 200 | -16.7% |
Asking Price vs. Sold Price
121 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalamazoo County, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.
Summary: A total of 200 homes were sold or pending in Kalamazoo County in November 2024, down by 16.7% month-over-month. Of the 200 sold homes, 61% were sold under asking, 21% were sold at asking, and 19% were sold over asking.
Days on Market for Kalamazoo County, MI
How long does it take to sell a home in Kalamazoo County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 25 Days | +26.7% |
Summary: Homes in Kalamazoo County had an average of 25 days on market in Nov 2024, up by 26.7% compared to last year.
Breakdown of Home Sale Times
140 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalamazoo County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 200 homes were sold in Kalamazoo County; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.