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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalkaska County is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Kalkaska County, MI cost?

Median Sold Price

$223,600

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$29,600(+15.3%)

Key Takeaway

Homes in Kalkaska County have sold for 15.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $130K$135.5K
+4.2%
2 $154.2K$172K
+11.5%
3 $200.1K$236.2K
+18.0%
4 $299.9K$305K
+1.7%
5+ $287.4K$313.5K
+9.1%

Median Sold Price Compared To Nearby Counties

Grand Traverse County
+16.8%
Antrim County
+15.9%
Kalkaska County
+15.3%
Crawford County
+7.0%
Missaukee County
+5.5%

How many homes are available in Kalkaska County, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
136130-4.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 57
+40.0%
2 3534
-2.9%
3 7974
-6.3%
4 129
-25.0%
5+ 56
+20.0%

Number of Homes Sold

Aug 2022Sep 2022%
2834+21.4%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalkaska County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
67 Days59 Days-12.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kalkaska County has remained consistent over time.

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

About Kalkaska County, MI

Number of homes for sale in Kalkaska County, MI real estate market have reached 130. Between August 2022 and September 2022, Kalkaska County, MI real estate market has seen decrease in the number of listings by 4.4%. The median list price of listings available in September 2022 was $223,600, while the average time on the real estate market was 59 days. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 4.2%, prices of 2 bedrooms properties went up by 11.5%, 3 bedrooms properties became 18% more expensive, prices of 4 bedrooms properties went up by 1.7%, prices of 5 bedrooms properties went up by 9.1%. Volume of homes for sale changed: 1 bedroom homes inventory increased by 40%, 2 bedrooms homes inventory decreased by 2.9%, number of 3 bedrooms homes decreased by 6.3%, 4 bedrooms homes inventory decreased by 25%, the quantity of 5 bedrooms homes went up by 20%. In September 2022 more than 7 listings in Kalkaska County, MI were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 15 were sold below.

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