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

Housing Market Conditions



Gauge showing Kalamazoo is a seller's market


Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Kalamazoo, MI

How much do homes in Kalamazoo, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Kalamazoo have sold for 22.6% more than they did a year ago.

Summary: The median home sold price in Kalamazoo was $214,714 in November 2023, up 22.6% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $112K$105.7K
2 $137.5K$155K
3 $188.9K$210K
4 $222.3K$289.3K
5+ $267K$385.5K

Summary: Kalamazoo housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes increased by 44.4%.

Median Sold Price Compared To Nearby Cities

Kalamazoo Charter Township

Housing Supply in Kalamazoo, MI

How many homes are available in Kalamazoo, MI?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Kalamazoo real estate market had 458 homes for sale in November 2023, a 9.3% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 97
2 95105
3 231192
4 127113
5+ 4341

Summary: The Kalamazoo housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 4.7%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalamazoo, you may be able to get a good deal. 40.8% of homes here sold below asking price last month.

Summary: A total of 103 homes were sold or pending in Kalamazoo in November 2023, down by 38.0% month-over-month. Of the 103 sold homes, 41% were sold under asking, 26% were sold at asking, and 33% were sold over asking.

Days on Market for Kalamazoo, MI

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

Average Sale Time

Nov 2022Nov 2023CHANGE
18 Days22 Days+18.6%

Summary: Homes in Kalamazoo had an average of 22 days on market in Nov 2023, up by 18.6% compared to last year.

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 103 homes were sold in Kalamazoo; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 6% 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 9 Days Ago

Newest Listings in Kalamazoo, MI

Nearby Markets to Kalamazoo, MI

What housing markets are near Kalamazoo, MI?