Is Kaleva, MI 49645 a buyer’s or seller’s market?

The Kaleva housing market right now

In the three months ending August 31, 2026, 33% of homes in Kaleva, MI 49645 sold above their list price, the typical home went under contract in 20 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (284 days then) and the median sale price fell 15% to $187,919. Overall, Kaleva is more competitive than a year ago, so tougher for buyers.

Within Manistee County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 75%.

Nearby, buyers who want less competition could look at Bear Lake 49614 (8% sold over asking) or Manistee 49660 (9% sold over asking), while Copemish 49625 (100% sold over asking) and Filer City 49634 (100% sold over asking) are even more competitive.