Is Kearney Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kearney Township has remained a Seller's Market.
Housing Prices in Kearney Township, MI
How much do homes in Kearney Township, MI cost?
Median Sold Price
$282,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kearney Township was $282,000 in April 2024, up 22.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | $107K | -6.1% |
2 Bedrooms | $238K | $259K | +8.8% |
3 Bedrooms | $162.5K | $295K | +81.6% |
4 Bedrooms | $205K | $450K | +119.5% |
5+ Bedrooms | $735K | $744.5K | +1.3% |
Summary: Kearney Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 81.6%, 4 bedroom homes increased by 119.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Bellaire | $230K | $310K | +34.8% |
Kearney Township | $230K | $282K | +22.6% |
Housing Supply in Kearney Township, MI
How many homes are available in Kearney Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Summary: The Kearney Township real estate market had 37 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 10 | +100.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Kearney Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Kearney Township in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Kearney Township, MI
How long does it take to sell a home in Kearney Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 72 Days | +16.4% |
Summary: Homes in Kearney Township had an average of 72 days on market in Apr 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Kearney Township; 11% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.