Is Kingsley, 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, Kingsley was a Buyer's Market.
Housing Prices in Kingsley, MI
How much do homes in Kingsley, MI cost?
Median Sold Price
$316,000
$213/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Kingsley was $316,000 in May 2024, up 12.5% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $245K | - | N/A |
3 Bedrooms | $233.4K | $316K | +35.4% |
4 Bedrooms | $391.6K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Kingsley housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 35.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Kingsley, MI
How many homes are available in Kingsley, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 37 | 0.0% |
Summary: The Kingsley real estate market had 37 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Kingsley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Kingsley in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Kingsley, MI
How long does it take to sell a home in Kingsley, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 Days | 73 Days | -32.1% |
Summary: Homes in Kingsley had an average of 73 days on market in May 2024, down by 32.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Kingsley; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.