Is Kewadin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kewadin was a Buyer's Market.
Key Takeaway
Kewadin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kewadin, MI
How much do homes in Kewadin, MI cost?
Median Sold Price
$215,000
$157/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Kewadin have sold for 50.6% less than they did a month ago.
Summary: The median home sold price in Kewadin was $215,000 in April 2024, down 50.6% from last month, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $180K | -58.6% |
| 3 Bedrooms | - | $300K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kewadin housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elk Rapids Township | $425K | $525K | +23.5% |
| Forest Home Township | $310K | $272K | -12.3% |
| Milton Township | $362K | $270K | -25.4% |
| Kewadin | $435K | $215K | -50.6% |
Housing Supply in Kewadin, MI
How many homes are available in Kewadin, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Summary: The Kewadin real estate market had 17 homes for sale in April 2024, a 88.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Kewadin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kewadin, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Kewadin in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Kewadin, MI
How long does it take to sell a home in Kewadin, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +11.9% |
Summary: Homes in Kewadin had an average of 15 days on market in Apr 2024, up by 11.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kewadin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Kewadin; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
