Is Kalamazoo County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalamazoo County is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Kalamazoo County, MI cost?

Median Sold Price

$226,259

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$12,648(+5.9%)

Key Takeaway

Homes in Kalamazoo County have sold for 5.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $87K$96.2K
+10.6%
2 $132.9K$149.4K
+12.4%
3 $192.1K$215K
+11.9%
4 $279.4K$304.3K
+8.9%
5+ $389.6K$406.4K
+4.3%

Median Sold Price Compared To Nearby Counties

Barry County
+11.9%
Calhoun County
+6.7%
Van Buren County
+6.0%
Kalamazoo County
+5.9%
Saint Joseph County
+4.5%

How many homes are available in Kalamazoo County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
1,0781,032-4.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 2015
-25.0%
2 163150
-8.0%
3 448450
0.4%
4 312296
-5.1%
5+ 135121
-10.4%

Number of Homes Sold

Aug 2022Sep 2022%
370285-23.0%

Asking Price vs. Sold Price

113 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

112 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalamazoo County, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
10 Days35 Days+231.3%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Kalamazoo County, MI

Kalamazoo County, MI has 1,032 homes on the market. The inventory of homes for sale in Kalamazoo County, MI between August 2022 and September 2022 decreased by 4.3%. While the average time on the market in September 2022 was 35 days, the median list price was $226,259. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties increased by 10.6%, prices of 2 bedrooms properties increased by 12.4%, the cost of 3 bedrooms properties went up by 11.9%, 4 bedrooms properties became 8.9% more expensive, 5 bedrooms properties became 4.3% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 25%, the quantity of 2 bedrooms homes went down by 8%, volume of 3 bedrooms homes went up by 0.4%, 4 bedrooms homes became 5.1% less available, 5 bedrooms homes inventory decreased by 10.4%. While more than 112 listings in Kalamazoo County, MI in September 2022 were sold above asking price, there were more than 60 listings sold at asking price, and more than 113 were sold below.

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