Is Kalamazoo County, 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 County has remained a Seller's Market.
Key Takeaway
Kalamazoo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalamazoo County, MI
How much do homes in Kalamazoo County, MI cost?
Median Sold Price
$249,941
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kalamazoo County have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Kalamazoo County was $249,941 in March 2024, up 5.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.2K | $115K | +11.4% |
| 2 Bedrooms | $154.9K | $165K | +6.5% |
| 3 Bedrooms | $225.3K | $236.2K | +4.8% |
| 4 Bedrooms | $300.1K | $311.3K | +3.7% |
| 5+ Bedrooms | $430K | $440.5K | +2.5% |
Summary: Kalamazoo County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Counties
| Calhoun County | $163.8K | $176.5K | +7.7% |
| Barry County | $253.2K | $271.6K | +7.3% |
| Van Buren County | $269.1K | $287.4K | +6.8% |
| Saint Joseph County | $179.9K | $190K | +5.6% |
| Kalamazoo County | $237.1K | $249.9K | +5.4% |
Housing Supply in Kalamazoo County, MI
How many homes are available in Kalamazoo County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 663 | 719 | +8.4% |
Summary: The Kalamazoo County real estate market had 719 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 14 | +55.6% |
| 2 Bedrooms | 123 | 134 | +8.9% |
| 3 Bedrooms | 278 | 291 | +4.7% |
| 4 Bedrooms | 174 | 204 | +17.2% |
| 5+ Bedrooms | 79 | 76 | -3.8% |
Summary: The Kalamazoo County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 162 | 181 | +11.7% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalamazoo County, you may be able to get a good deal. 50.3% of homes here sold below asking price last month.
Summary: A total of 181 homes were sold or pending in Kalamazoo County in March 2024, up by 11.7% month-over-month. Of the 181 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Kalamazoo County, MI
How long does it take to sell a home in Kalamazoo County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 36 Days | +39.5% |
Summary: Homes in Kalamazoo County had an average of 36 days on market in Mar 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalamazoo County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 181 homes were sold in Kalamazoo County; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% 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.