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Market Conditions as of January 2022

Shayne Wheeler

Posted by Shayne Wheeler
Feb 25, 2022 11:10:02 AM

Staying up-to-date on local market trends gives REALTORS® an edge when determining the value of a home. Whether acting as a buyer's or seller's agent, having concrete data to support the decision-making process is key- from setting a price to negotiating a sale.

Greater Kalamazoo Sales Statistics by Sub-Area*

1/1/2022 - 1/31/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 270 $69,732,881  $258,270  $213,500  - $1,651 19 27
Non Co-op Sales 43 $15,877,005  $369,233  $212,000  - $4,716 23 31
Co-op Sales 227 $53,855,876  $237,251  $215,000  - $1,071 19 26
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 5 $870,400  $174,080  $189,900  - $660 14 14
K02 - Westnedge Hill 9 $2,000,899  $222,322  $159,900  + $3,667 18 18
K03 - Westnedge-Whites Rd 6 $1,491,400  $248,567  $257,000  - $8,299 17 17
K04 - Oakwood-Parkview 2 $256,500  $128,250  $128,250  + $1,300 15 15
K05 - Winchell & Hillcrest 5 $1,325,807  $265,161  $246,000  - $1,760 15 29
K06 - WMU/Kcollege/Arcadia 3 $448,615  $149,538  $180,000  - $17,378 37 37
K07 - Westwood-NW Kalamazoo 12 $2,468,500  $205,708  $202,500  + $4,700 15 15
K08 - N Side w/in City Limits 8 $1,020,950  $127,619  $132,250  - $2,131 29 29
K09 - Dntown S To Crosstown 6 $744,400  $124,067  $132,450  - $317 22 22
K10 - Edison/Washington Sq 12 $1,396,000  $116,333  $107,000  + $5,646 11 11
K11 - North To G Ave Parchment 8 $1,222,556  $152,820  $165,000  + $1,920 6 8
K12 - East to Twp Line Eastwood 8 $1,027,000  $128,375  $122,500  + $2,788 25 25
K13 - Comstock & Charleston 16 $4,460,500  $278,781  $292,500  - $6,538 17 17
K15 - Richland & Ross Twp 12 $4,712,930  $392,744  $405,000  - $8,958 39 39
K16 - Pavillion & Climax Tw 3 $834,900  $278,300  $265,000  - $14,933 29 30
K19 - North Portage 31 $7,510,950  $242,289  $231,900  + $2,891 3 5
K20 - South Portage 10 $2,155,115  $215,512  $185,950  - $4,328 27 27
K21 - Schoolcraft & Prairie Ronde Twp 9 $1,834,345  $203,816  $232,000  - $322 6 6
K22 - Oshtemo Twp 9 $3,384,235  $376,026  $397,500  - $1,081 28 78
K23 - Alamo & Cooper Twp 10 $1,877,600  $187,760  $192,000  - $3,330 7 7
K24 - Gull Lake 3 $4,552,000  $1,517,333  $1,360,000  - $47,000 27 27
K25 - Texas Township 13 $6,293,185  $484,091  $429,900  - $7,217 55 116
K27 - Wakeshma Twp 1 $170,000  $170,000  $170,000  + $5,100 23 23
K29 - Brady Twp 2 $273,000  $136,500  $136,500  - $6,000 13 88
K30 - Orangeville Twp 1 $392,500  $392,500  $392,500  - $7,500 32 32
K31 - Hope Twp 0 $0  $0  $0   $0 NA NA
K32 - Baltimore & Johnstown 3 $1,225,000  $408,333  $280,000  - $10,000 53 68
K33 - Prairieville Twp 2 $675,000  $337,500  $337,500  + $3,750 5 5
K34 - Barry Twp 4 $1,150,000  $287,500  $282,500  + $3,825 6 6
K53 - Trowbridge Twp 0 $0  $0  $0   $0 NA NA
K54 - Otsego Twp 11 $2,470,479  $224,589  $235,000  + $2,271 12 12
K55 - Gun Plain Twp 6 $1,588,900  $264,817  $232,000  + $5,700 31 62
K56 - Lake Doster 1 $325,000  $325,000  $325,000   $0 0 0
K59 - Allegan Twp 11 $2,412,400  $219,309  $200,000  + $11,318 15 15
K60 - Watson Twp 1 $142,000  $142,000  $142,000  + $12,000 6 6
K61 - Martin Township 1 $185,000  $185,000  $185,000  + $100 4 4
K80 - Bloomingdale & Pine Grove 5 $1,325,355  $265,071  $230,000  - $22,609 22 33
K81 - Waverly & Almena Twp 3 $964,800  $321,600  $319,900   $0 13 13
K85 - Paw Paw Twp Except V 6 $1,993,900  $332,317  $254,500  - $20,250 50 50
K86 - Antwerp Twp 5 $1,416,760  $283,352  $264,905  + $190 31 68
K87 - Porter Twp 1 $205,000  $205,000  $205,000  + $55,000 8 8
K88 - Village of Paw Paw 2 $375,000  $187,500  $187,500  + $15,050 6 6
K89 - Decatur Twp 4 $554,000  $138,500  $145,000  - $11,175 5 5

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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2022 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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