Is Keego Harbor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Keego Harbor was a Neutral Market.
Key Takeaway
Keego Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Keego Harbor, MI
How much do homes in Keego Harbor, MI cost?
Median Sold Price
$200,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Keego Harbor have sold for 14.9% less than they did a year ago.
Summary: The median home sold price in Keego Harbor was $200,000 in March 2024, down 14.9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.9K | $159.9K | +29.0% |
| 2 Bedrooms | $158K | $163.5K | +3.5% |
| 3 Bedrooms | $252.5K | $225K | -10.9% |
| 4 Bedrooms | $255K | $319.9K | +25.5% |
| 5+ Bedrooms | $415K | $2.4M | +485.2% |
Summary: Keego Harbor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 485.2%.
Median Sold Price Compared To Nearby Cities
| West Bloomfield Charter Township | $389.8K | $399.4K | +2.5% |
| Waterford Charter Township | $244.7K | $249.3K | +1.9% |
| West Bloomfield | $400K | $400.2K | 0.1% |
| Sylvan Lake | $327.5K | $305K | -6.9% |
| Keego Harbor | $235K | $200K | -14.9% |
Housing Supply in Keego Harbor, MI
How many homes are available in Keego Harbor, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Summary: The Keego Harbor real estate market had 14 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Keego Harbor 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 increased by 16.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Keego Harbor, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Keego Harbor in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Keego Harbor, MI
How long does it take to sell a home in Keego Harbor, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Keego Harbor has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Keego Harbor; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
