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Market Conditions as of March 2022

Shayne Wheeler

Posted by Shayne Wheeler
Apr 29, 2022 9:11:16 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 - 3/31/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 885 $230,105,882  $260,007  $220,000  + $355 19 25
Non Co-op Sales 172 $53,748,502  $312,491  $212,000  - $1,322 18 25
Co-op Sales 713 $176,357,380  $247,346  $220,000  + $759 20 25
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 21 $3,745,688  $178,366  $185,588  + $9,433 9 18
K02 - Westnedge Hill 17 $3,841,221  $225,954  $150,000  - $2,322 16 16
K03 - Westnedge-Whites Rd 20 $4,479,425  $223,971  $181,412  - $3,288 23 23
K04 - Oakwood-Parkview 13 $1,861,900  $143,223  $137,000  + $6,699 16 16
K05 - Winchell & Hillcrest 14 $3,648,807  $260,629  $262,500  + $2,029 13 18
K06 - WMU/Kcollege/Arcadia 11 $1,457,515  $132,501  $99,000  - $5,958 21 21
K07 - Westwood-NW Kalamazoo 42 $8,702,700  $207,207  $203,500  + $6,009 10 13
K08 - N Side w/in City Limits 25 $2,174,138  $86,966  $74,000  - $3,574 26 26
K09 - Dntown S To Crosstown 21 $3,446,600  $164,124  $132,000  - $5,329 39 63
K10 - Edison/Washington Sq 36 $3,793,150  $105,365  $94,000  + $714 17 20
K11 - North To G Ave Parchment 22 $3,593,056  $163,321  $165,000  + $5,757 8 8
K12 - East to Twp Line Eastwood 28 $3,572,400  $127,586  $122,500  + $2,886 28 31
K13 - Comstock & Charleston 49 $12,384,200  $252,739  $250,000  - $2,505 16 18
K15 - Richland & Ross Twp 36 $11,938,055  $331,613  $305,000  - $2,927 23 24
K16 - Pavillion & Climax Tw 16 $4,169,200  $260,575  $280,000  + $2,019 10 10
K19 - North Portage 87 $22,190,400  $255,062  $239,500  + $1,689 10 13
K20 - South Portage 37 $12,211,398  $330,038  $310,000  + $310 19 19
K21 - Schoolcraft & Prairie Ronde Twp 38 $9,902,031  $260,580  $239,900  - $779 19 30
K22 - Oshtemo Twp 46 $16,369,014  $355,848  $330,500  - $4,021 30 42
K23 - Alamo & Cooper Twp 34 $6,518,700  $191,726  $186,000  + $3,606 14 14
K24 - Gull Lake 5 $8,252,000  $1,650,400  $1,800,000  - $28,200 16 16
K25 - Texas Township 48 $23,617,976  $492,041  $447,500  + $2,434 35 53
K27 - Wakeshma Twp 2 $215,850  $107,925  $107,925  + $5,725 12 12
K29 - Brady Twp 8 $1,688,000  $211,000  $170,000  + $1,650 8 31
K30 - Orangeville Twp 6 $2,198,750  $366,458  $321,250  - $7,658 10 39
K31 - Hope Twp 3 $814,000  $271,333  $329,000  - $3,300 9 9
K32 - Baltimore & Johnstown 10 $2,566,410  $256,641  $228,950  - $4,539 41 46
K33 - Prairieville Twp 5 $1,664,000  $332,800  $335,000  + $7,520 5 5
K34 - Barry Twp 9 $2,915,705  $323,967  $270,000  - $1,477 29 29
K53 - Trowbridge Twp 1 $290,000  $290,000  $290,000  + $1,000 12 12
K54 - Otsego Twp 26 $5,642,729  $217,028  $212,000  + $547 17 17
K55 - Gun Plain Twp 16 $4,895,355  $305,960  $278,450  + $6,197 19 31
K56 - Lake Doster 2 $855,000  $427,500  $427,500   $0 1 1
K59 - Allegan Twp 31 $7,155,380  $230,819  $215,000  + $6,353 11 14
K60 - Watson Twp 2 $807,000  $403,500  $403,500  + $6,000 45 45
K61 - Martin Township 6 $1,409,900  $234,983  $237,450  + $16,704 18 18
K80 - Bloomingdale & Pine Grove 16 $4,408,608  $275,538  $223,500  - $11,778 25 28
K81 - Waverly & Almena Twp 13 $3,730,700  $286,977  $309,900  - $631 17 17
K85 - Paw Paw Twp Except V 11 $3,029,800  $275,436  $205,000  - $11,000 39 46
K86 - Antwerp Twp 28 $8,371,296  $298,975  $285,682  + $1,350 19 47
K87 - Porter Twp 4 $1,256,400  $314,100  $318,200  + $14,150 5 5
K88 - Village of Paw Paw 7 $1,769,525  $252,789  $205,000  + $5,261 3 30
K89 - Decatur Twp 13 $2,551,900  $196,300  $158,450  - $11,108 56 63

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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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