$2,078 Closing Credit*
$175,000
1,102 SqFt
2 Beds
•1 Full Bath
#50161324, RYAN GORDON, Listing Office: STEPHENS REAL ESTATE
Is Kingsford, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kingsford was a Seller's Market.
Key Takeaway
Kingsford 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 Kingsford, MI
How much do homes in Kingsford, MI cost?
Median Sold Price
$119,900
$112/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$30,100(-20.1%)
Key Takeaway
Homes in Kingsford have sold for 20.1% less than they did a month ago.
Summary: The median home sold price in Kingsford was $119,900 in October 2024, down 20.1% from last month, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | - | N/A |
| 2 Bedrooms | $138.2K | $92K | -33.5% |
| 3 Bedrooms | $164K | $377.4K | +130.2% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kingsford housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.5%, 3 bedroom homes increased by 130.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Kingsford | $150K | $119.9K | -20.1% |
| Breitung Charter Township | $382K | $133.5K | -65.1% |
Housing Supply in Kingsford, MI
How many homes are available in Kingsford, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Summary: The Kingsford real estate market had 34 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kingsford 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 decreased by 14.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 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 Kingsford, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Kingsford in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Kingsford, MI
How long does it take to sell a home in Kingsford, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 34 Days | +95.1% |
Summary: Homes in Kingsford had an average of 34 days on market in Oct 2024, up by 95.1% compared to last month.
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 Kingsford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Kingsford; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.