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Market Conditions as of December 2020

Shayne Wheeler

Posted by Shayne Wheeler
Jan 18, 2021 1:37:10 PM

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*

5/1/2020 - 12/31/2020

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 5,165 $1,183,707,746  $229,179  $192,370  + $971 30 39
Non Co-op Sales 1,028 $267,108,752  $259,833  $197,000  + $14,287 28 35
Co-op Sales 4,137 $916,598,994  $221,561  $191,000  - $2,338 30 40
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 139 $20,685,499  $148,817  $152,000  + $1,815 8 9
K02 - Westnedge Hill 86 $17,300,656  $201,170  $168,000  - $2,467 21 31
K03 - Westnedge-Whites Rd 108 $19,260,940  $178,342  $135,500  - $2,008 22 32
K04 - Oakwood-Parkview 80 $12,147,450  $151,843  $134,500  - $1,982 21 25
K05 - Winchell & Hillcrest 87 $20,961,270  $240,934  $225,000  - $4,085 19 28
K06 - WMU/Kcollege/Arcadia 75 $16,716,228  $222,883  $189,000  - $3,130 38 38
K07 - Westwood-NW Kalamazo 253 $42,221,494  $166,883  $167,000  + $1,018 21 24
K08 - N Side w/in City Limits 69 $5,794,344  $83,976  $72,500  - $1,474 34 35
K09 - Dntown S To Crosstown 69 $8,736,480  $126,616  $112,000  - $2,571 29 43
K10 - Edison/Washington Sq 115 $8,682,426  $75,499  $79,000  - $660 26 39
K11 - North To G Ave Parchment 102 $12,617,150  $123,698  $130,000  + $1,451 15 15
K12 - East to Twp Line Eastwood 172 $17,331,625  $100,765  $104,000  - $125 18 22
K13 - Comstock & Charleston 314 $64,157,237  $204,322  $197,500  - $827 25 34
K15 - Richland & Ross Twp 214 $61,662,720  $288,144  $249,000  - $5,380 42 69
K16 - Pavillion & Climax Tw 99 $23,073,003  $233,061  $213,900  - $6,652 28 33
K19 - North Portage 501 $113,766,785  $227,079  $205,000  - $1,716 23 31
K20 - South Portage 361 $95,364,138  $264,167  $240,500  - $3,300 31 40
K21 - Schoolcraft & Prairie Ronde Twp 208 $48,767,787  $234,461  $209,900  - $2,886 35 44
K22 - Oshtemo Twp 263 $76,119,235  $289,427  $260,000  - $3,406 34 42
K23 - Alamo & Cooper Twp 173 $39,693,003  $229,439  $205,000  + $1,193 21 27
K24 - Gull Lake 27 $25,630,967  $949,295  $730,000  - $61,275 56 61
K25 - Texas Township 307 $140,461,170  $457,528  $361,800  + $57,677 45 67
K27 - Wakeshma Twp 8 $899,206  $112,401  $111,000  - $1,685 45 45
K29 - Brady Twp 49 $14,054,095  $286,818  $226,000  - $4,338 21 28
K30 - Orangeville Twp 37 $10,555,918  $285,295  $245,000  - $4,610 42 50
K31 - Hope Twp 59 $13,024,930  $220,762  $190,000  - $17,268 49 55
K32 - Baltimore&Johnstown 69 $15,643,651  $226,720  $217,251  - $4,039 51 64
K33 - Prairieville Twp 44 $12,881,750  $292,767  $293,450  - $10,697 42 58
K34 - Barry Twp 53 $11,323,270  $213,647  $175,000  - $3,118 36 49
K53 - Trowbridge Twp 35 $8,107,700  $231,649  $199,900  - $2,811 28 65
K54 - Otsego Twp 133 $25,363,671  $190,704  $169,900  - $114 29 35
K55 - Gun Plain Twp 109 $21,274,063  $195,175  $178,995  - $931 26 31
K56 - Lake Doster 23 $8,010,350  $348,276  $315,000  - $5,342 46 53
K59 - Allegan Twp 148 $26,782,064  $180,960  $170,000  - $1,219 34 35
K60 - Watson Twp 20 $4,590,215  $229,511  $189,525  - $3,932 47 64
K61 - Martin Township 18 $3,425,378  $190,299  $182,500  + $894 25 36
K80 - Bloomingdale & Pine Grove 77 $16,532,140  $214,703  $180,000  - $2,027 32 48
K81 - Waverly & Almena Twp 102 $25,543,048  $250,422  $233,000  - $1,362 25 38
K85 - Paw Paw Twp Except V 48 $12,835,944  $267,416  $220,250  - $5,028 46 50
K86 - Antwerp Twp 165 $36,228,201  $219,565  $225,000  - $1,975 30 41
K87 - Porter Twp 35 $8,682,800  $248,080  $239,900  - $17,717 76 90
K88 - Village of Paw Paw 54 $8,152,299  $150,968  $146,200  - $2,374 21 35
K89 - Decatur Twp 57 $8,645,447  $151,675  $140,000  - $3,653 33 37
K89 - Decatur Twp 51 $7,661,447 $150,224 $130,000 - $3,267 36 40

 

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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2021 MichRIC, LLC All rights reserved. 

Shayne Wheeler

Shayne Wheeler

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