Is Kalamazoo County, 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 County has remained a Seller's Market.
Housing Prices in Kalamazoo County, MI
How much do homes in Kalamazoo County, MI cost?
Median Sold Price
$250,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kalamazoo County was $250,000 in April 2024, up 5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103K | $115K | +11.7% |
2 Bedrooms | $154.9K | $168.1K | +8.5% |
3 Bedrooms | $226.6K | $235.2K | +3.8% |
4 Bedrooms | $299.5K | $314.9K | +5.1% |
5+ Bedrooms | $430K | $449.9K | +4.6% |
Summary: Kalamazoo County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Counties
Barry County | $255K | $275K | +7.9% |
Calhoun County | $165K | $175K | +6.1% |
Saint Joseph County | $180.2K | $190K | +5.4% |
Van Buren County | $270.8K | $285.1K | +5.3% |
Kalamazoo County | $238.1K | $250K | +5.0% |
Housing Supply in Kalamazoo County, MI
How many homes are available in Kalamazoo County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
758 | 756 | -0.3% |
Summary: The Kalamazoo County real estate market had 756 homes for sale in April 2024, a 0.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 12 | -20.0% |
2 Bedrooms | 131 | 132 | +0.8% |
3 Bedrooms | 305 | 313 | +2.6% |
4 Bedrooms | 218 | 226 | +3.7% |
5+ Bedrooms | 89 | 73 | -18.0% |
Summary: The Kalamazoo County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 18%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
205 | 212 | +3.4% |
Asking Price vs. Sold Price
82 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Summary: A total of 212 homes were sold or pending in Kalamazoo County in April 2024, up by 3.4% month-over-month. Of the 212 sold homes, 39% were sold under asking, 25% were sold at asking, and 37% were sold over asking.
Days on Market for Kalamazoo County, MI
How long does it take to sell a home in Kalamazoo County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 32 Days | -8.2% |
Summary: Homes in Kalamazoo County had an average of 32 days on market in Apr 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
149 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 212 homes were sold in Kalamazoo County; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.