Is Keego Harbor, 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, Keego Harbor has remained a Seller's Market.
Key Takeaway
Keego Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Keego Harbor, MI
How much do homes in Keego Harbor, MI cost?
Median Sold Price
$194,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Keego Harbor have sold for 17.4% less than they did a year ago.
Summary: The median home sold price in Keego Harbor was $194,000 in April 2024, down 17.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.9K | $159.9K | +29.0% |
| 2 Bedrooms | $158K | $163.5K | +3.5% |
| 3 Bedrooms | $245K | $225K | -8.2% |
| 4 Bedrooms | $277.4K | $288.7K | +4.1% |
| 5+ Bedrooms | $415K | $2.4M | +485.2% |
Summary: Keego Harbor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 485.2%.
Median Sold Price Compared To Nearby Cities
| Waterford Charter Township | $244.8K | $250K | +2.1% |
| West Bloomfield Charter Township | $395K | $400K | +1.3% |
| West Bloomfield | $400K | $400.6K | 0.2% |
| Keego Harbor | $235K | $194K | -17.4% |
Housing Supply in Keego Harbor, MI
How many homes are available in Keego Harbor, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Summary: The Keego Harbor real estate market had 9 homes for sale in April 2024, a 30.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Keego Harbor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 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 Keego Harbor, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Keego Harbor in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Keego Harbor, MI
How long does it take to sell a home in Keego Harbor, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 133 Days | 47 Days | -64.3% |
Summary: Homes in Keego Harbor had an average of 47 days on market in Apr 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Keego Harbor are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Keego Harbor; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
