Is Kalamazoo Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kalamazoo Charter Township has remained a Seller's Market.
Housing Prices in Kalamazoo Charter Township, MI
How much do homes in Kalamazoo Charter Township, MI cost?
Median Sold Price
$221,983
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kalamazoo Charter Township was $221,983 in April 2024, up 16.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97.5K | $119.5K | +22.6% |
2 Bedrooms | $140K | $159.9K | +14.2% |
3 Bedrooms | $196.6K | $219.9K | +11.9% |
4 Bedrooms | $246K | $299.8K | +21.9% |
5+ Bedrooms | $372.5K | $430K | +15.4% |
Summary: Kalamazoo Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
Kalamazoo | $185.3K | $222K | +19.8% |
Kalamazoo Charter Township | $190.8K | $221.9K | +16.3% |
Cooper Charter Township | $229K | $260K | +13.5% |
Comstock Charter Township | $240K | $263K | +9.6% |
Housing Supply in Kalamazoo Charter Township, MI
How many homes are available in Kalamazoo Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
469 | 450 | -4.1% |
Summary: The Kalamazoo Charter Township real estate market had 450 homes for sale in April 2024, a 4.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 10 | -9.1% |
2 Bedrooms | 97 | 96 | -1.0% |
3 Bedrooms | 188 | 185 | -1.6% |
4 Bedrooms | 124 | 116 | -6.5% |
5+ Bedrooms | 49 | 43 | -12.2% |
Summary: The Kalamazoo Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 12.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 122 | -8.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Kalamazoo Charter Township in April 2024, down by 8.3% month-over-month. Of the 122 sold homes, 37% were sold under asking, 21% were sold at asking, and 42% were sold over asking.
Days on Market for Kalamazoo Charter Township, MI
How long does it take to sell a home in Kalamazoo Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 28 Days | +46.3% |
Summary: Homes in Kalamazoo Charter Township had an average of 28 days on market in Apr 2024, up by 46.3% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in Kalamazoo Charter Township; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.