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Market Conditions as of February 2021

Angela McMillan

Posted by Angela McMillan
Mar 16, 2021 9:03:23 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*

1/1/2021 - 2/28/2021

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 544 $123,202,482  $226,475  $186,750  - $4,028 25 34
Non Co-op Sales 104 $26,248,349  $252,388  $189,000  - $9,276 22 34
Co-op Sales 440 $96,954,133  $220,350  $185,342  - $2,788 25 35
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 15 $2,359,200  $157,280  $166,000  + $3,226 4 4
K02 - Westnedge Hill 13 $2,958,000  $227,538  $253,000  - $1,892 22 30
K03 - Westnedge-Whites Rd 12 $1,701,559  $141,797  $113,000  - $1,645 5 5
K04 - Oakwood-Parkview 17 $2,763,800  $162,576  $158,000  - $888 20 25
K05 - Winchell & Hillcrest 6 $1,648,900  $274,817  $285,000  - $17,117 13 13
K06 - WMU/Kcollege/Arcadia 6 $898,900  $149,817  $82,950  - $700 12 20
K07 - Westwood-NW Kalamazo 20 $3,666,500  $183,325  $187,500  + $409 7 10
K08 - N Side w/in City Limits 8 $1,258,300  $157,288  $120,950  - $2,862 17 17
K09 - Dntown S To Crosstown 5 $1,087,400  $217,480  $175,000  - $15,460 30 30
K10 - Edison/Washington Sq 16 $1,264,000  $79,000  $81,950  - $2,332 62 91
K11 - North To G Ave Parchment 16 $2,326,397  $145,400  $136,000  + $144 19 35
K12 - East to Twp Line Eastwood 22 $2,359,500  $107,250  $115,950  + $4,182 20 20
K13 - Comstock & Charleston 22 $4,130,600  $187,755  $166,000  - $3,004 30 53
K15 - Richland & Ross Twp 22 $5,918,782  $269,036  $262,500  - $6,164 47 51
K16 - Pavillion & Climax Tw 8 $1,631,900  $203,988  $193,000  + $4,175 5 5
K19 - North Portage 47 $10,752,661  $228,780  $196,555  - $1,162 13 14
K20 - South Portage 39 $11,527,631  $295,580  $223,000  - $10,969 21 27
K21 - Schoolcraft & Prairie Ronde Twp 21 $5,349,520  $254,739  $219,900  - $3,565 28 28
K22 - Oshtemo Twp 28 $7,626,538  $272,376  $255,000  - $3,623 31 45
K23 - Alamo & Cooper Twp 23 $4,484,232  $194,967  $181,500  - $851 23 23
K24 - Gull Lake 5 $4,111,500  $822,300  $625,000  - $37,500 67 512
K25 - Texas Township 28 $11,541,100  $412,182  $374,950  - $6,325 34 43
K27 - Wakeshma Twp 0 $0  $0  $0   $0 NA NA
K29 - Brady Twp 4 $1,064,208  $266,052  $192,104  - $18,873 35 53
K30 - Orangeville Twp 6 $1,687,500  $281,250  $205,000  - $1,550 19 19
K31 - Hope Twp 4 $1,465,000  $366,250  $350,000  - $18,700 96 96
K32 - Baltimore&Johnstown 5 $962,505  $192,501  $188,000  - $9,059 14 14
K33 - Prairieville Twp 6 $1,315,250  $219,208  $216,175  - $7,425 33 33
K34 - Barry Twp 4 $1,321,900  $330,475  $312,450  - $1,350 23 23
K53 - Trowbridge Twp 5 $836,000  $167,200  $160,000  - $6,760 38 38
K54 - Otsego Twp 13 $2,215,400  $170,415  $160,000  + $1,985 6 6
K55 - Gun Plain Twp 13 $2,788,025  $214,463  $212,500  - $1,244 16 29
K56 - Lake Doster 3 $1,247,000  $415,667  $457,000  + $2,367 32 32
K59 - Allegan Twp 13 $2,010,700  $154,669  $145,000  + $3,185 19 19
K60 - Watson Twp 2 $460,100  $230,050  $230,050  + $5,050 22 22
K61 - Martin Township 2 $335,000  $167,500  $167,500  + $22,550 2 2
K80 - Bloomingdale & Pine Grove 12 $1,673,000  $139,417  $123,250  - $2,025 39 39
K81 - Waverly & Almena Twp 10 $2,508,900  $250,890  $187,000  - $5,955 18 22
K85 - Paw Paw Twp Except V 7 $2,238,674  $319,811  $174,500  - $61,629 31 69
K86 - Antwerp Twp 24 $5,316,700  $221,529  $207,500  - $1,471 32 32
K87 - Porter Twp 2 $1,045,000  $522,500  $522,500  - $12,000 22 22
K88 - Village of Paw Paw 4 $348,500  $87,125  $73,000  - $3,475 36 36
K89 - Decatur Twp 6 $996,200  $166,033  $154,650  - $10,550 28 28

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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. 

Angela McMillan

Angela McMillan

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