Is Kimball Township, 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, Kimball Township has remained a Seller's Market.
Key Takeaway
Kimball Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kimball Township, MI
How much do homes in Kimball Township, MI cost?
Median Sold Price
$229,900
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kimball Township have sold for 21% more than they did a year ago.
Summary: The median home sold price in Kimball Township was $229,900 in March 2024, up 21% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $18K | N/A |
| 2 Bedrooms | $143.9K | $119.9K | -16.6% |
| 3 Bedrooms | $205K | $229K | +11.7% |
| 4 Bedrooms | $210K | $276.2K | +31.5% |
| 5+ Bedrooms | $437.5K | $299.9K | -31.5% |
Summary: Kimball Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes decreased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Kimball Township | $190K | $229.9K | +21.0% |
| Smiths Creek | $190K | $229.9K | +21.0% |
| Marysville | $200K | $215K | +7.5% |
| Port Huron Charter Township | $144.9K | $155K | +7.0% |
Housing Supply in Kimball Township, MI
How many homes are available in Kimball Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Kimball Township real estate market had 20 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Kimball Township 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 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kimball Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kimball Township in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Kimball Township, MI
How long does it take to sell a home in Kimball Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 67 Days | +56.6% |
Summary: Homes in Kimball Township had an average of 67 days on market in Mar 2024, up by 56.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kimball Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Kimball Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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.