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Market Conditions as of May 2018

Angela McMillan

Posted by Angela McMillan
Jun 26, 2018 3:23:37 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*

1/1/2018 - 5/31/2018

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All Sold Listings 1,918 $358,007,985 $186,657 $157,750 -$3,461 40 51
Non Co-op Sales 405 $84,256,074 $208,040 $175,000 -$4,131 38 46
Co-op Sales 1,513 $273,751,911 $180,933 $155,000 -$3,281 41 53
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 53 $6,224,459 $117,443 $120,000 -$169 29 40
K02 - Westnedge Hill 26 $4,511,680 $173,526 $152,040 -$3,540 49 80
K03 - Westnedge-Whites Rd 42 $4,181,269 $99,554 $80,500 -$181 27 31
K04 - Oakwood-Parkview 20 $2,790,140 $139,507 $113,500 -$2,808 33 33
K05 - Winchell & Hillcrest 24 $5,503,554 $229,315 $204,164 -$4,875 52 52
K06 - WMU/Kcollege/Arcadia 27 $5,170,783 $191,510 $146,000 -$702 53 74
K07 - Westwood-NW Kalamazoo 108 $14,200,948 $131,490 $126,250 -$746 18 21
K08 - N Side w/in City Limits 29 $1,733,670 $59,782 $40,000 -$605 34 54
K09 - Dntown S To Crosstown 33 $4,552,683 $137,960 $89,900 -$3,217 31 34
K10 - Edison/Washington Sq 44 $2,677,620 $60,855 $63,000 -$2,267 41 47
K11 - North To G Ave Parchment N To G Ave 48 $4,858,287 $101,214 $103,375 -$579 19 21
K12 - East to Twp Line Eastwood 51 $4,656,708 $91,308 $85,000 -$1,575 29 32
K13 - Comstock & Charleston 124 $22,811,552 $183,964 $175,000 -$3,163 42 54
K15 - Richland & Ross Twp 93 $21,824,504 $234,672 $226,000 -$5,029 57 66
K16 - Pavilion & Climax Tw 25 $4,684,000 $187,360 $159,000 -$4,764 38 38
K19 - North Portage 194 $37,339,133 $192,470 $169,950 -$1,846 26 31
K20 - South Portage 125 $24,516,396 $196,131 $181,450 -$2,411 39 47
K21 - Schoolcraft & Prairie Ronde Twp 83 $17,011,635 $204,959 $190,000 -$6,047 39 59
K22 - Oshtemo Twp 106 $27,077,023 $255,444 $227,500 -$3,514 41 53
K23 - Alamo & Cooper Twp 57 $9,867,141 $173,108 $170,000 -$4,280 36 41
K24 - Gull Lake 9 $9,143,500 $1,015,944 $640,000 -$44,600 42 132
K25 - Texas Township 111 $39,489,333 $355,760 $324,000 -$9,003 56 88
K27 - Wakeshma Twp 6 $832,150 $138,692 $134,950 -$9,419 36 36
K29 - Brady Twp 18 $3,540,500 $196,694 $151,950 -$5,255 65 74
K30 - Orangeville Twp 19 $3,194,265 $168,119 $170,000 -$5,686 29 39
K31 - Hope Twp 21 $3,158,682 $150,413 $123,900 -$3,139 79 122
K32 - Baltimore & Johnstown 17 $3,051,550 $179,503 $175,000 -$4,444 66 76
K33 - Prairievile Twp 11 $4,391,170 $399,197 $300,000 -$27,184 98 124
K34 - Barry Twp 11 $2,011,894 $182,899 $190,000 -$7,369 62 62
K53 - Trowbridge Twp 12 $2,126,678 $177,223 $143,750 -$1,152 42 72
K54 - Otsego Twp 68 $10,353,900 $152,263 $146,500 -$1,371 31 41
K55 - Gun Plain Twp 40 $6,833,055 $170,826 $164,950 -$4,231 44 52
K56 - Lake Doster 7 $1,945,269 $277,896 $245,000 -$4,904 16 16
K59 - Allegan Twp 46 $6,046,317 $131,442 $134,375 -$2,358 53 59
K60 - Watson Twp  11 $1,378,250 $125,295 $135,000 -$3,614 36 36
K61 - Martin Township 11 $1,955,500 $177,773 $170,000 -$3,182 34 34
K80 - Bloomingdale & Pine Grove 27 $3,908,080 $144,744 $116,500 -$6,872 64 68
K81 - Waverly & Almena Twp 30 $6,448,529 $214,951 $179,000 +$1,043 37 49
K85 - Paw Paw Twp Except V 21 $4,367,540 $207,978 $233,000 -$9,331 67 115
K86 - Antwerp Twp 67 $12,039,188 $179,689 $182,500 -$65 34 34
K87 - Porter Twp 12 $2,151,400 $179,283 $183,750 -$8,183 60 70
K88 - Village of Paw Paw 20 $2,296,950 $114,848 $118,750 -$598 53 80
K89 - Decatur Twp 11 $1,151,100 $104,645 $87,000 -$2,582 55 84



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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2018 MichRIC, LLC All rights reserved. 

Angela McMillan

Angela McMillan

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