Is Kaleva, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Kaleva was a Neutral Market.
Key Takeaway
Kaleva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kaleva, MI
How much do homes in Kaleva, MI cost?
Median Sold Price
$200,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kaleva have sold for 25% more than they did a year ago.
Summary: The median home sold price in Kaleva was $200,000 in May 2024, up 25% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $146K | $236K | +61.6% |
| 3 Bedrooms | $155K | $200K | +29.0% |
| 4 Bedrooms | $250K | $277K | +10.8% |
| 5+ Bedrooms | - | $391K | N/A |
Summary: Kaleva housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.6%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Maple Grove Township | $139.5K | $200K | +43.4% |
| Kaleva | $160K | $200K | +25.0% |
Housing Supply in Kaleva, MI
How many homes are available in Kaleva, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Kaleva real estate market had 9 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kaleva housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kaleva, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Kaleva in May 2024, up by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kaleva, MI
How long does it take to sell a home in Kaleva, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 94 Days | +526.7% |
Summary: Homes in Kaleva had an average of 94 days on market in May 2024, up by 526.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kaleva are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 3 homes were sold in Kaleva; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
