$369,900
30.15 Acres
Land
Thomas Dado, Listing Office: Community Choice Realty Inc
Is Kewadin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Kewadin has remained a Seller's Market.
Key Takeaway
Kewadin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kewadin, MI
How much do homes in Kewadin, MI cost?
Median Sold Price
$474,900
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$40,100(-7.8%)
Key Takeaway
Homes in Kewadin have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Kewadin was $474,900 in December 2024, down 7.8% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $236K | -15.7% |
| 3 Bedrooms | $380K | $650K | +71.1% |
| 4 Bedrooms | $1.0M | $1.0M | -6.5% |
| 5+ Bedrooms | $815K | $688K | -15.6% |
Summary: Kewadin housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.7%, 3 bedroom homes increased by 71.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
| Elk Rapids Township | $402.5K | $540K | +34.2% |
| Kewadin | $515K | $474.9K | -7.8% |
Housing Supply in Kewadin, MI
How many homes are available in Kewadin, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Kewadin real estate market had 17 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Kewadin housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 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 Kewadin, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Kewadin in December 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Kewadin, MI
How long does it take to sell a home in Kewadin, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 36 Days | 29 Days | -21.1% |
Summary: Homes in Kewadin had an average of 29 days on market in Dec 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kewadin are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Kewadin; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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