Is Kalkaska County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalkaska County is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Kalkaska County has remained a Buyer's Market.

Key Takeaway

Kalkaska County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kalkaska County, MI

How much do homes in Kalkaska County, MI cost?

Median Sold Price

$258,100

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$38,100(+17.3%)

Key Takeaway

Homes in Kalkaska County have sold for 17.3% more than they did a year ago.

Summary: The median home sold price in Kalkaska County was $258,100 in April 2024, up 17.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $124.4K$115K
-7.6%
2 $156.1K$213.6K
+36.8%
3 $269.9K$259.9K
-3.7%
4 $260K$330K
+26.9%
5+ $270.2K$388K
+43.6%

Summary: Kalkaska County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 36.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 43.6%.

Median Sold Price Compared To Nearby Counties

Antrim County
+21.0%
Kalkaska County
+17.3%
Crawford County
+17.1%
Missaukee County
+17.0%

Housing Supply in Kalkaska County, MI

How many homes are available in Kalkaska County, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
81100+23.5%

Summary: The Kalkaska County real estate market had 100 homes for sale in April 2024, a 23.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 68
+33.3%
2 1621
+31.3%
3 3946
+17.9%
4 1619
+18.8%
5+ 46
+50.0%

Summary: The Kalkaska County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2012-40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalkaska County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Kalkaska County in April 2024, down by 40.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.

Days on Market for Kalkaska County, MI

How long does it take to sell a home in Kalkaska County, MI?

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days77 Days+135.3%

Summary: Homes in Kalkaska County had an average of 77 days on market in Apr 2024, up by 135.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kalkaska County has remained consistent over time.

Summary: During April 2024, 12 homes were sold in Kalkaska County; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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