Is Kalamazoo Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kalamazoo Charter Township has remained a Seller's Market.
Key Takeaway
Kalamazoo Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalamazoo Charter Township, MI
How much do homes in Kalamazoo Charter Township, MI cost?
Median Sold Price
$220,061
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kalamazoo Charter Township have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Kalamazoo Charter Township was $220,061 in March 2024, up 15.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | $119K | +21.4% |
| 2 Bedrooms | $140K | $156.7K | +12.0% |
| 3 Bedrooms | $195K | $219.9K | +12.8% |
| 4 Bedrooms | $246.7K | $294.5K | +19.4% |
| 5+ Bedrooms | $389K | $420K | +8.0% |
Summary: Kalamazoo Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Kalamazoo | $185.1K | $220.1K | +18.9% |
| Kalamazoo Charter Township | $190.1K | $220K | +15.7% |
| Comstock Charter Township | $235K | $269.9K | +14.9% |
| Cooper Charter Township | $229K | $255K | +11.4% |
Housing Supply in Kalamazoo Charter Township, MI
How many homes are available in Kalamazoo Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 417 | 450 | +7.9% |
Summary: The Kalamazoo Charter Township real estate market had 450 homes for sale in March 2024, a 7.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 88 | 99 | +12.5% |
| 3 Bedrooms | 168 | 178 | +6.0% |
| 4 Bedrooms | 105 | 118 | +12.4% |
| 5+ Bedrooms | 48 | 45 | -6.3% |
Summary: The Kalamazoo Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 116 | +26.1% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalamazoo Charter Township, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Kalamazoo Charter Township in March 2024, up by 26.1% month-over-month. Of the 116 sold homes, 54% were sold under asking, 20% were sold at asking, and 26% were sold over asking.
Days on Market for Kalamazoo Charter Township, MI
How long does it take to sell a home in Kalamazoo Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +61.0% |
Summary: Homes in Kalamazoo Charter Township had an average of 39 days on market in Mar 2024, up by 61% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalamazoo Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 116 homes were sold in Kalamazoo Charter Township; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.