Is Kearney Township, 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, Kearney Township was a Seller's Market.
Housing Prices in Kearney Township, MI
How much do homes in Kearney Township, MI cost?
Median Sold Price
$305,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kearney Township was $305,000 in May 2024, up 32.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | $106K | -7.0% |
2 Bedrooms | $239K | $269.5K | +12.8% |
3 Bedrooms | $118K | $306.1K | +159.4% |
4 Bedrooms | $615K | $450K | -26.8% |
5+ Bedrooms | $735K | $744.5K | +1.3% |
Summary: Kearney Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 159.4%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Kearney Township | $230K | $305K | +32.6% |
Bellaire | $268.5K | $315K | +17.3% |
Forest Home Township | $407.5K | $337.5K | -17.2% |
Housing Supply in Kearney Township, MI
How many homes are available in Kearney Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Kearney Township real estate market had 40 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Kearney Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Kearney Township in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Kearney Township, MI
How long does it take to sell a home in Kearney Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 62 Days | +57.6% |
Summary: Homes in Kearney Township had an average of 62 days on market in May 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Kearney Township; 0% 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.