Is Kaleva, 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, Kaleva has remained a Seller's Market.
Key Takeaway
Kaleva is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kaleva, MI
How much do homes in Kaleva, MI cost?
Median Sold Price
$214,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kaleva have sold for 38.1% more than they did a year ago.
Summary: The median home sold price in Kaleva was $214,000 in April 2024, up 38.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $236K | +114.5% |
| 3 Bedrooms | $155K | $185K | +19.4% |
| 4 Bedrooms | $250K | $285K | +14.0% |
| 5+ Bedrooms | $169K | $391K | +131.4% |
Summary: Kaleva housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 114.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 131.4%.
Median Sold Price Compared To Nearby Cities
| Kaleva | $155K | $214K | +38.1% |
| Maple Grove Township | $146K | $200K | +37.0% |
Housing Supply in Kaleva, MI
How many homes are available in Kaleva, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Kaleva real estate market had 9 homes for sale in April 2024, a 28.6% 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 | 2 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kaleva 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
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 Kaleva, 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 Kaleva in April 2024, up by 100.0% 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 Kaleva, MI
How long does it take to sell a home in Kaleva, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 106 Days | +2030.0% |
Summary: Homes in Kaleva had an average of 106 days on market in Apr 2024, up by 2030% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kaleva has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Kaleva; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
