KHORUS.png

GKAR Newsfeed

Market Conditions as of May 2022

Shayne Wheeler

Posted by Shayne Wheeler
Jun 22, 2022 10:34:01 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 - 5/31/2022

  Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
All sold listings 1,661 $453,699,604  $273,148  $231,000  + $2,770 15 21
Non Co-op Sales 336 $104,221,327  $310,183  $230,000  - $427 15 19
Co-op Sales 1,325 $349,478,278  $263,757  $231,900  + $3,581 16 21
               
Area Units Volume Avg. Sale Price Median Sale Price Avg. Diff. SP to LP Avg. DOM Avg. CDOM
K01 - Milwood 46 $8,793,847  $191,171  $193,000  + $7,979 6 11
K02 - Westnedge Hill 28 $6,250,621  $223,236  $184,750  + $5,051 11 11
K03 - Westnedge-Whites Rd 30 $6,132,825  $204,428  $175,000  - $72 17 17
K04 - Oakwood-Parkview 26 $4,144,035  $159,386  $152,500  + $6,886 9 9
K05 - Winchell & Hillcrest 23 $6,438,307  $279,926  $265,000  + $7,322 9 12
K06 - WMU/Kcollege/Arcadia 20 $3,444,573  $172,229  $146,000  + $2,213 15 15
K07 - Westwood-NW Kalamazoo 72 $16,017,700  $222,468  $215,250  + $8,727 8 11
K08 - N Side w/in City Limits 29 $2,510,238  $86,560  $74,000  - $3,581 28 28
K09 - Dntown S To Crosstown 33 $5,869,200  $177,855  $144,900  - $3,088 30 46
K10 - Edison/Washington Sq 61 $6,906,394  $113,220  $105,000  + $371 14 17
K11 - North To G Ave Parchment 37 $6,415,706  $173,397  $170,750  + $5,233 7 7
K12 - East to Twp Line Eastwood 48 $5,708,200  $118,921  $120,000  + $2,075 21 25
K13 - Comstock & Charleston 109 $27,297,413  $250,435  $232,000  + $1,002 11 16
K15 - Richland & Ross Twp 71 $26,945,165  $379,509  $335,000  + $1,549 24 28
K16 - Pavillion & Climax Tw 31 $8,290,500  $267,435  $285,000  + $1,577 14 15
K19 - North Portage 165 $44,353,715  $268,810  $240,000  + $6,077 9 11
K20 - South Portage 78 $28,017,553  $359,199  $312,500  + $2,915 14 14
K21 - Schoolcraft & Prairie Ronde Twp 71 $20,905,041  $294,437  $265,000  + $21 14 27
K22 - Oshtemo Twp 92 $32,557,064  $353,881  $325,000  + $246 22 32
K23 - Alamo & Cooper Twp 57 $12,667,040  $222,229  $202,400  + $6,090 11 11
K24 - Gull Lake 9 $11,687,000  $1,298,556  $1,360,000  - $21,611 24 40
K25 - Texas Township 96 $49,666,982  $517,364  $451,242  + $377 24 39
K27 - Wakeshma Twp 5 $535,850  $107,170  $95,000  + $1,510 55 55
K29 - Brady Twp 17 $3,896,907  $229,230  $220,000  + $1,900 8 19
K30 - Orangeville Twp 15 $5,175,250  $345,017  $300,000  + $2,551 8 19
K31 - Hope Twp 10 $3,365,518  $336,552  $282,950  + $4,330 5 5
K32 - Baltimore & Johnstown 13 $2,961,410  $227,801  $186,000  - $2,722 36 39
K33 - Prairieville Twp 12 $3,677,000  $306,417  $313,000  + $5,317 8 8
K34 - Barry Twp 13 $3,509,605  $269,970  $184,000  - $1,977 20 20
K53 - Trowbridge Twp 4 $891,000  $222,750  $215,500  + $13,300 6 6
K54 - Otsego Twp 52 $12,103,488  $232,759  $235,000  + $5,042 10 10
K55 - Gun Plain Twp 33 $9,265,788  $280,781  $225,000  + $9,712 18 24
K56 - Lake Doster 3 $1,305,000  $435,000  $450,000  + $3,667 1 1
K59 - Allegan Twp 57 $14,497,535  $254,343  $230,000  + $9,035 10 17
K60 - Watson Twp 4 $1,359,500  $339,875  $276,250  + $11,150 24 24
K61 - Martin Township 11 $2,625,000  $238,636  $247,000  + $17,320 11 11
K80 - Bloomingdale & Pine Grove 35 $7,728,948  $220,827  $180,000  - $6,695 22 24
K81 - Waverly & Almena Twp 29 $7,831,632  $270,056  $281,100  + $6,029 11 11
K85 - Paw Paw Twp Except V 17 $5,053,700  $297,276  $220,000  - $11,165 30 35
K86 - Antwerp Twp 53 $15,790,331  $297,931  $280,000  + $1,270 18 32
K87 - Porter Twp 13 $4,527,700  $348,285  $367,500  - $1,062 18 20
K88 - Village of Paw Paw 16 $3,431,424  $214,464  $196,000  + $3,702 11 34
K89 - Decatur Twp 17 $3,147,900  $185,171  $158,450  - $7,724 45 61

(Top)

*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

Connect with me here: