Is Kettering, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Kettering has remained a Buyer's Market.
Key Takeaway
Kettering is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kettering, MI
How much do homes in Kettering, MI cost?
Median Sold Price
$35,000
$21/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Kettering have sold for 41.7% less than they did a month ago.
Summary: The median home sold price in Kettering was $35,000 in April 2024, down 41.7% from last month, and the median price per square foot was $21.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $14K | $16K | +14.3% |
| 4 Bedrooms | $70.5K | $155K | +119.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Kettering housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 119.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Indian Village Historic District | $437.5K | $599.5K | +37.0% |
| Airport | $15K | $15K | 0.0% |
| Kettering | $60K | $35K | -41.7% |
Housing Supply in Kettering, MI
How many homes are available in Kettering, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Kettering real estate market had 40 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Kettering housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kettering, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Kettering in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Kettering, MI
How long does it take to sell a home in Kettering, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -17.5% |
Summary: Homes in Kettering had an average of 22 days on market in Apr 2024, down by 17.5% compared to last month.
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
Key Takeaway
Many homes in Kettering are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Kettering; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.