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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalkaska Township is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Kalkaska Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kalkaska Township, MI

How much do homes in Kalkaska Township, MI cost?

Median Sold Price

$241,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,750(+2.0%)

Key Takeaway

Homes in Kalkaska Township have sold for 2% more than they did a year ago.

Summary: The median home sold price in Kalkaska Township was $241,000 in November 2024, up 2% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$97K
-22.4%
2 $170K$209.9K
+23.5%
3 $249.9K$260K
+4.0%
4 $412.5K$290K
-29.7%
5+ $247.7K$660K
+166.4%

Summary: Kalkaska Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 29.7%, and 5+ bedroom homes increased by 166.4%.

Median Sold Price Compared To Nearby Cities

Clearwater Township
+10.0%
Rapid City
+6.0%
Kalkaska Township
+2.0%
Kalkaska
+1.6%

Housing Supply in Kalkaska Township, MI

How many homes are available in Kalkaska Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5155+7.8%

Summary: The Kalkaska Township real estate market had 55 homes for sale in November 2024, a 7.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1213
+8.3%
3 1922
+15.8%
4 1313
0.0%
5+ 33
0.0%

Summary: The Kalkaska Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalkaska Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Kalkaska Township in November 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Kalkaska Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
71 Days86 Days+21.5%

Summary: Homes in Kalkaska Township had an average of 86 days on market in Nov 2024, up by 21.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Kalkaska Township; 0% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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 21 Days Ago

Newest Listings in Kalkaska Township, MI

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