Caledonia Housing Market Report January 2025•Kent County, Michigan

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Housing Prices in Caledonia, MI

How much do homes in Caledonia, MI cost?

Housing Market Conditions

Is Caledonia, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Caledonia is a Seller's Market

Difference Since January 2024

Since last year, Caledonia has remained a Seller's Market.

Insight

Caledonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$399,900$187/SqFt
+$9,900
+2.5%

Based on all homes sold in the last 12 months

Insight

Homes in Caledonia have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Caledonia was $399,900 in January 2025, up 2.5% from last year, and the median price per square foot was $187.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Caledonia Township
+2.8%
Caledonia
+2.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$220K$194.9K
-11.4%
2$307.4K$299.9K
-2.5%
3$365K$372.5K
+2.1%
4$445K$425K
-4.5%
5$530K$537.5K
+1.4%

Summary: Caledonia housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.4%. The home price for 2 bedroom homes decreased by -2.5%. The home price for 3 bedroom homes increased by +2.1%. The home price for 4 bedroom homes decreased by -4.5%. The home price for 5 bedroom homes increased by +1.4%.

Housing supply in Caledonia, MI

How many homes are available in Caledonia, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
59Last MonthJan 2025
682 months agoDec 2024
-13.2 %
Change MoMDec – Jan

Summary: The Caledonia real estate market had 59 homes for sale in Jan 2025, a 13.2 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthJan 2025
242 months agoDec 2024
-58.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
112
+100.0%
21010
0.0%
32720
-25.9%
42625
-3.8%
542
-50.0%

Summary: Caledonia housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -25.9%. The inventory for 4 bedroom homes decreased by -3.8%. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Caledonia, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price1 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Caledonia, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Caledonia in January 2025, down by 58.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and and 50% were sold over asking.

Days on Market for Caledonia, MI

How long does it take to sell a home in Caledonia, MI?

Breakdown of Home Sale Times

Under 30 Days8 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Caledonia are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 10 homes were sold in Caledonia; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
18 DaysThis YearJan 2025
28 Days1 year agoJan 2024
-35.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Caledonia had an average listing age of 18 days in Jan 2025, down by 35.4% compared to the previous year.

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Newest Listings in Caledonia, MI

What homes are available in Caledonia, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and Michigan Regional Information Center LLC for the period 02/01/2023 - 02/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 5:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.