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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kimball Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Kimball Township has remained a Seller's Market.

Key Takeaway

Kimball Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kimball Township, MI

How much do homes in Kimball Township, MI cost?

Median Sold Price

$211,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$22,450(-9.6%)

Key Takeaway

Homes in Kimball Township have sold for 9.6% less than they did a year ago.

Summary: The median home sold price in Kimball Township was $211,000 in November 2024, down 9.6% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $100K$115K
+15.0%
3 $235K$249K
+6.0%
4 $277.5K$260K
-6.3%
5+ $332.4K$437K
+31.4%

Summary: Kimball Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 31.4%.

Median Sold Price Compared To Nearby Cities

Port Huron Charter Township
+6.4%
Marysville
0.0%
Kimball Township
-9.6%
Smiths Creek
-9.6%

Housing Supply in Kimball Township, MI

How many homes are available in Kimball Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3432-5.9%

Summary: The Kimball Township real estate market had 32 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 66
0.0%
3 2120
-4.8%
4 54
-20.0%
5+ 22
0.0%

Summary: The Kimball 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 remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kimball Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Kimball Township in November 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.

Days on Market for Kimball Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
35 Days14 Days-57.4%

Summary: Homes in Kimball Township had an average of 14 days on market in Nov 2024, down by 57.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kimball Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in Kimball Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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 Kimball Township, MI

Nearby Markets to Kimball Township, MI

What housing markets are near Kimball Township, MI?