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Market Conditions as of May 2021

Shayne Wheeler

Posted by Shayne Wheeler
Jun 23, 2021 10:31:03 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 - 5/31/2021

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 1,650 $404,208,286  $244,975  $207,050  - $845 23 29
Non Co-op Sales 327 $86,098,365  $263,298  $219,000  - $3,391 23 30
Co-op Sales 1,323 $318,109,922  $240,446  $206,000  - $216 23 29
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 45 $7,326,288  $162,806  $171,500  + $5,101 4 4
K02 - Westnedge Hill 29 $6,000,500  $206,914  $238,000  + $35 18 22
K03 - Westnedge-Whites Rd 38 $7,300,180  $192,110  $157,500  + $4,288 4 4
K04 - Oakwood-Parkview 26 $4,937,700  $189,912  $158,950  + $127 16 20
K05 - Winchell & Hillcrest 20 $5,241,300  $262,065  $278,950  - $5,660 14 14
K06 - WMU/Kcollege/Arcadia 32 $7,482,115  $233,816  $216,500  - $3,263 57 65
K07 - Westwood-NW Kalamazo 68 $12,544,463  $184,477  $184,750  + $6,704 10 11
K08 - N Side w/in City Limits 22 $2,661,300  $120,968  $112,500  + $895 11 11
K09 - Dntown S To Crosstown 27 $4,686,550  $173,576  $143,000  - $8,901 31 36
K10 - Edison/Washington Sq 41 $3,295,842  $80,386  $82,400  - $21,231 51 64
K11 - North To G Ave Parchment 47 $6,790,344  $144,475  $137,000  + $1,942 14 21
K12 - East to Twp Line Eastwood 61 $6,773,043  $111,033  $114,900  + $2,661 16 17
K13 - Comstock & Charleston 71 $16,103,200  $226,806  $185,000  + $538 31 48
K15 - Richland & Ross Twp 74 $23,727,427  $320,641  $285,300  - $2,701 28 32
K16 - Pavillion & Climax Tw 27 $7,649,900  $283,330  $255,000  + $170 12 12
K19 - North Portage 166 $41,061,801  $247,360  $219,250  + $2,245 15 20
K20 - South Portage 110 $34,025,767  $309,325  $291,950  - $1,227 30 36
K21 - Schoolcraft & Prairie Ronde Twp 53 $14,383,720  $271,391  $229,500  - $165 21 22
K22 - Oshtemo Twp 84 $26,089,070  $310,584  $280,000  - $152 30 37
K23 - Alamo & Cooper Twp 59 $13,125,207  $222,461  $196,200  + $562 17 18
K24 - Gull Lake 9 $7,586,500  $842,944  $801,500  - $38,489 52 299
K25 - Texas Township 96 $41,320,596  $430,423  $389,000  - $3,851 36 52
K27 - Wakeshma Twp 2 $659,500  $329,750  $329,750  - $5,200 62 62
K29 - Brady Twp 9 $4,788,108  $532,012  $455,000  - $13,766 38 46
K30 - Orangeville Twp 12 $3,480,800  $290,067  $275,000  + $2,508 14 14
K31 - Hope Twp 21 $5,082,940  $242,045  $215,000  - $9,203 49 49
K32 - Baltimore&Johnstown 19 $4,378,305  $230,437  $230,000  - $3,618 20 43
K33 - Prairieville Twp 16 $4,437,950  $277,372  $237,625  - $2,691 19 19
K34 - Barry Twp 17 $4,510,800  $265,341  $250,000  - $3,165 31 50
K53 - Trowbridge Twp 10 $1,849,000  $184,900  $196,000  + $2,790 20 20
K54 - Otsego Twp 47 $8,883,569  $189,012  $182,000  + $3,029 11 12
K55 - Gun Plain Twp 40 $8,545,325  $213,633  $208,450  - $562 12 20
K56 - Lake Doster 7 $2,794,000  $399,143  $395,000  - $11,671 30 30
K59 - Allegan Twp 54 $9,876,525  $182,899  $165,000  + $3,335 17 17
K60 - Watson Twp 5 $1,703,250  $340,650  $331,000  + $5,090 55 55
K61 - Martin Township 7 $1,555,100  $222,157  $175,000  + $18,043 7 7
K80 - Bloomingdale & Pine Grove 26 $4,396,650  $169,102  $145,500  - $1,971 38 38
K81 - Waverly & Almena Twp 36 $9,669,428  $268,595  $227,500  + $61 15 17
K85 - Paw Paw Twp Except V 15 $4,194,074  $279,605  $174,500  - $32,993 34 57
K86 - Antwerp Twp 65 $16,302,750  $250,812  $245,000  + $2,301 24 24
K87 - Porter Twp 8 $2,496,500  $312,062  $281,750  + $3,450 10 10
K88 - Village of Paw Paw 10 $1,480,500  $148,050  $142,500  - $6,970 32 32
K89 - Decatur Twp 19 $3,010,400  $158,442  $152,500  - $3,489 24 34

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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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