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

Housing Market Conditions



Gauge showing Caledonia Township is a seller's market


Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Caledonia Township, MI

How much do homes in Caledonia Township, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Caledonia Township have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Caledonia Township was $395,392 in May 2024, up 2.7% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $345K$230K
2 $269.9K$310K
3 $345K$375K
4 $439.5K$433K
5+ $540K$535K

Summary: Caledonia Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Cascade Charter Township
Caledonia Township
Bowne Township

Housing Supply in Caledonia Township, MI

How many homes are available in Caledonia Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Caledonia Township real estate market had 101 homes for sale in May 2024, a 20.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
2 1316
3 2930
4 2530
5+ 1423

Summary: The Caledonia Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 64.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Caledonia Township, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Caledonia Township in May 2024, down by 13.3% month-over-month. Of the 26 sold homes, 31% were sold under asking, 27% were sold at asking, and 42% were sold over asking.

Days on Market for Caledonia Township, MI

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

Average Sale Time

May 2023May 2024CHANGE
16 Days28 Days+72.2%

Summary: Homes in Caledonia Township had an average of 28 days on market in May 2024, up by 72.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 26 homes were sold in Caledonia Township; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% 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 13 Days Ago

Newest Listings in Caledonia Township, MI

Nearby Markets to Caledonia Township, MI

What housing markets are near Caledonia Township, MI?