$3,147 Closing Credit*
$265,000
1,649 SqFt
3 Beds
•2 Full Baths, 1 Partial
Tricia Wilson, Listing Office: Howard Hanna Birmingham
Is Keego Harbor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Keego Harbor has remained a Seller's Market.
Key Takeaway
Keego Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Keego Harbor, MI
How much do homes in Keego Harbor, MI cost?
Median Sold Price
$160,450
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$64,550(-28.7%)
Key Takeaway
Homes in Keego Harbor have sold for 28.7% less than they did a year ago.
Summary: The median home sold price in Keego Harbor was $160,450 in October 2024, down 28.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159.9K | $192.5K | +20.4% |
| 2 Bedrooms | $160.2K | $156.5K | -2.3% |
| 3 Bedrooms | $250K | $230.5K | -7.8% |
| 4 Bedrooms | $299.9K | $201.2K | -32.9% |
| 5+ Bedrooms | $2.4M | $255K | -89.5% |
Summary: Keego Harbor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 32.9%, and 5+ bedroom homes decreased by 89.5%.
Median Sold Price Compared To Nearby Cities
| Waterford Charter Township | $245K | $265K | +8.2% |
| West Bloomfield | $400K | $414.8K | +3.7% |
| West Bloomfield Charter Township | $400K | $412.1K | +3.0% |
| Sylvan Lake | $348K | $320K | -8.0% |
| Keego Harbor | $225K | $160.4K | -28.7% |
Housing Supply in Keego Harbor, MI
How many homes are available in Keego Harbor, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Summary: The Keego Harbor real estate market had 14 homes for sale in October 2024, a 55.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Keego Harbor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 7 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Keego Harbor, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Keego Harbor in October 2024, up by 100.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Keego Harbor, MI
How long does it take to sell a home in Keego Harbor, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 41 Days | -16.6% |
Summary: Homes in Keego Harbor had an average of 41 days on market in Oct 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Keego Harbor has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Keego Harbor; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
