Is Kalkaska 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, Kalkaska County has remained a Seller's Market.
Housing Prices in Kalkaska County, MI
How much do homes in Kalkaska County, MI cost?
Median Sold Price
$256,066
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kalkaska County was $256,066 in March 2024, up 16.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.4K | $116K | -6.8% |
2 Bedrooms | $164.6K | $208.5K | +26.6% |
3 Bedrooms | $269.9K | $259.9K | -3.7% |
4 Bedrooms | $260K | $317.5K | +22.1% |
5+ Bedrooms | $270.2K | $345.5K | +27.8% |
Summary: Kalkaska County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes increased by 26.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Counties
Crawford County | $170K | $199K | +17.1% |
Missaukee County | $183.7K | $215K | +17.0% |
Kalkaska County | $220K | $256K | +16.4% |
Antrim County | $265K | $302.1K | +14.0% |
Housing Supply in Kalkaska County, MI
How many homes are available in Kalkaska County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 86 | +3.6% |
Summary: The Kalkaska County real estate market had 86 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Kalkaska County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Kalkaska County in March 2024, down by 5.6% month-over-month. Of the 17 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for Kalkaska County, MI
How long does it take to sell a home in Kalkaska County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 76 Days | -23.0% |
Summary: Homes in Kalkaska County had an average of 76 days on market in Mar 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Kalkaska County; 6% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.