Is Kalkaska County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalkaska County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Kalkaska County was a Seller's Market.

Key Takeaway

Kalkaska County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Kalkaska County, MI

How much do homes in Kalkaska County, MI cost?

Median Sold Price

$260,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,150(+2.4%)

Key Takeaway

Homes in Kalkaska County have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Kalkaska County was $260,000 in October 2024, up 2.4% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $126K$141K
+11.9%
2 $200K$230K
+15.0%
3 $256.1K$260K
+1.5%
4 $305K$375K
+23.0%
5+ $275.2K$875K
+217.9%

Summary: Kalkaska County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 217.9%.

Median Sold Price Compared To Nearby Counties

Antrim County
+22.0%
Missaukee County
+7.9%
Grand Traverse County
+3.9%
Crawford County
+3.3%
Kalkaska County
+2.4%

Housing Supply in Kalkaska County, MI

How many homes are available in Kalkaska County, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121114-5.8%

Summary: The Kalkaska County real estate market had 114 homes for sale in October 2024, a 5.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 911
+22.2%
2 3026
-13.3%
3 5347
-11.3%
4 2425
+4.2%
5+ 55
0.0%

Summary: The Kalkaska County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2719-29.6%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalkaska County, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Kalkaska County in October 2024, down by 29.6% month-over-month. Of the 17 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
71 Days87 Days+22.4%

Summary: Homes in Kalkaska County had an average of 87 days on market in Oct 2024, up by 22.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kalkaska County has remained consistent over time.

Summary: During October 2024, 19 homes were sold in Kalkaska County; 21% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 21% 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 20 Days Ago

Newest Listings in Kalkaska County, MI

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