Is Kimball Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kimball Township is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Kimball Township, MI cost?

Median Sold Price

$204,500

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$10,500(+5.4%)

Key Takeaway

Homes in Kimball Township have sold for 5.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$94.9K
N/A
2 $102.4K$145K
+41.5%
3 $197.5K$200K
+1.3%
4 $208K$299K
+43.8%
5+ $308.5K$315K
+2.1%

Median Sold Price Compared To Nearby Cities

North Street
+9.4%
Kimball Township
+5.4%
Smiths Creek
+5.4%
Port Huron Charter Township
-1.7%
Marysville
-3.2%

How many homes are available in Kimball Township, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
3442+23.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 48
+100.0%
3 2024
+20.0%
4 99
0.0%
5+ 01
+100.0%

Number of Homes Sold

Aug 2022Sep 2022%
714+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kimball Township, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
48 Days112 Days+130.6%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kimball Township are selling fast, if you're buying plan to act quickly.

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

About Kimball Township, MI

Kimball Township, MI has 42 homes on the market. The number of homes for sale in Kimball Township, MI increased by 23.5% between August 2022 and September 2022. The median list price of listings available in September 2022 was $204,500, while the average time on the real estate market was 112 days. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 41.5%, 3 bedrooms properties became 1.3% more expensive, prices of 4 bedrooms properties increased by 43.8%, prices of 5 bedrooms properties went up by 2.1%. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 100%, volume of 2 bedrooms homes went up by 100%, volume of 3 bedrooms homes went up by 20%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes increased by 100%. In September 2022, from all listings sold in Kimball Township, MI there were more than 5 sold above asking price, over 4 sold below and more than 5 were sold right at the asked price.

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