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.
Key Takeaway
Kearney Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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
Key Takeaway
Homes in Kearney Township have sold for 32.6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Kearney Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
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
Key Takeaway
Avg time on Rocket Homes in Kearney Township has remained consistent over time.
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.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.