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Market Conditions as of May 2020

Angela McMillan

Posted by Angela McMillan
Jul 2, 2020 10:17:32 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*

5/1/2020 - 5/31/2020

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 1,454 $294,466,874 $202,522  $175,000  - $4,975 40 54
Non Co-op Sales 281 $59,132,662 $210,437 $177,000  - $7,910 36 46
Co-op Sales 1,173 $235,334,212 $200,626 $175,000  - $4,272 41 56
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 37 $5,039,399 $136,200 $140,000 + $1,071 14 16
K02 - Westnedge Hill 23 $4,322,400 $187,930 $165,000 - $1,217 20 33
K03 - Westnedge-Whites Rd 33 $4,243,799 $128,600 $110,000 - $1,986 36 42
K04 - Oakwood-Parkview 19 $3,030,600 $159,505 $136,000 - $1,447 29 39
K05 - Winchell & Hillcrest 13 $2,734,200 $210,323 $184,900 - $6,892 27 27
K06 - WMU/Kcollege/Arcadia 22 $4,768,623 $216,756 $187,050 - $5,203 40 40
K07 - Westwood-NW Kalamazo 75 $11,465,650 $152,875 $145,000 - $2,059 42 48
K08 - N Side w/in City Limits 26 $1,995,547 $76,752 $47,000 - $4,773 30 32
K09 - Dntown S To Crosstown 21 $2,716,311 $129,348 $111,111 - $3,209 20 54
K10 - Edison/Washington Sq 41 $2,953,026 $70,310 $74,500 - $3,740 32 48
K11 - North To G Ave Parchment 26 $2,775,575 $106,753 $115,000 - $1,244 28 28
K12 - East to Twp Line Eastwood 54 $4,908,068 $89,238 $85,000 - $2,182 30 35
K13 - Comstock & Charleston 102 $19,616,138 $190,448 $187,500 - $1,320 39 52
K15 - Richland & Ross Twp 58 $15,509,292 $262,869 $214,900 - $9,498 58 120
K16 - Pavillion & Climax Tw 39 $8,475,900 $217,331 $190,000 - $9,572 44 55
K19 - North Portage 130 $27,987,165 $213,642 $190,000 - $3,731 32 45
K20 - South Portage 102 $23,009,924 $225,587 $185,750 - $5,342 36 43
K21 - Schoolcraft & Prairie Ronde Twp 60 $12,630,795 $210,513 $184,950 - $5,306 51 60
K22 - Oshtemo Twp 62 $16,168,019 $260,774 $253,750 - $4,786 44 52
K23 - Alamo & Cooper Twp 44 $8,135,774 $184,904 $170,000 - $4,967 38 47
K24 - Gull Lake 7 $6,824,000 $974,857 $850,000 - $57,129 83 97
K25 - Texas Township 99 $35,243,727 $355,997 $337,000 - $8,282 53 86
K27 - Wakeshma Twp 3 $213,000 $71,000 $68,000 - $6,633 46 46
K29 - Brady Twp 9 $1,943,901 $215,989 $148,500 - $2,951 37 47
K30 - Orangeville Twp 9 $2,686,900 $298,544 $189,900 - $16,756 35 62
K31 - Hope Twp 12 $1,943,401 $161,950 $166,000 - $43,374 36 36
K32 - Baltimore & Johnstown 16 $3,716,500 $232,281 $190,000 - $12,495 67 72
K33 - Prairieville Twp 8 $2,740,700 $304,522 $322,700 - $10,111 66 86
K34 - Barry Twp 9 $1,606,400 $178,489 $140,000 - $3,622 35 45
K53 - Trowbridge Twp 10 $2,190,300 $219,030 $183,000 - $4,470 36 36
K54 - Otsego Twp 47 $7,848,648 $166,993 $163,000 - $2,391 41 54
K55 - Gun Plain Twp 24 $3,688,578 $153,691 $149,450 - $1,922 40 45
K56 - Lake Doster 10 $3,689,950 $368,995 $322,500 - $7,657 47 65
K59 - Allegan Twp 40 $6,946,930 $173,673 $163,750 - $4,534 46 50
K60 - Watson Twp 7 $1,871,000 $267,286 $160,000 - $5,879 92 92
K61 - Martin Township 7 $1,122,500 $160,357 $177,000 - $1,428 19 47
K80 - Bloomingdale & Pine Grove 17 $3,077,345 $181,020 $180,000 - $6,439 46 88
K81 - Waverly & Almena Twp 28 $6,938,011 $247,786 $239,150 - $5,336 37 61
K85 - Paw Paw Twp Except V 10 $1,503,275 $150,328 $133,600 + $218 33 33
K86 - Antwerp Twp 52 $11,341,904 $218,114 $218,500 - $1,771 40 73
K87 - Porter Twp 10 $2,347,500 $234,750 $217,500 - $14,870 78 93
K88 - Village of Paw Paw 15 $2,133,200 $142,213 $140,500 - $4,953 43 59
K89 - Decatur Twp 18 $1,850,500 $97,395 $100,000 - $3,716 41 41



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*All information deemed materially reliable but not guaranteed. Interested parties are encouraged to verify all information. Copyright 2020 MichRIC, LLC All rights reserved. 

Angela McMillan

Angela McMillan

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